GE Vernova LLC (GEV)
Working capital turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|
| Revenue | US$ in thousands | 34,950,000 | 33,239,000 | 29,654,000 | 33,006,000 |
| Total current assets | US$ in thousands | 34,153,000 | 27,428,000 | 24,754,000 | — |
| Total current liabilities | US$ in thousands | 31,685,000 | 29,306,000 | 26,042,000 | — |
| Working capital turnover | 14.16 | — | — | — |
December 31, 2024 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $34,950,000K ÷ ($34,153,000K – $31,685,000K)
= 14.16
GE Vernova LLC's working capital turnover ratio indicates how efficiently the company is utilizing its working capital to generate sales. A working capital turnover ratio of 14.16 as of December 31, 2024, suggests that for every dollar of working capital invested, the company generated $14.16 in revenue during that period.
Since there is no data available for the working capital turnover for the previous years, it is difficult to track the trend and assess the historical performance. A high working capital turnover ratio indicates strong efficiency in managing working capital and converting it into sales.
However, to gain a more comprehensive understanding of the company's financial health, it is important to analyze this ratio in conjunction with other financial metrics and performance indicators over multiple periods.
Peer comparison
Dec 31, 2024