GE Vernova LLC (GEV)
Working capital turnover
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | ||
|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 34,432,000 | 33,771,000 | 33,677,000 | 33,239,000 |
| Total current assets | US$ in thousands | 32,030,000 | 29,485,000 | 29,243,000 | 3,597,000 |
| Total current liabilities | US$ in thousands | 31,233,000 | 29,065,000 | 29,516,000 | 29,430,000 |
| Working capital turnover | 43.20 | 80.41 | — | — |
September 30, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $34,432,000K ÷ ($32,030,000K – $31,233,000K)
= 43.20
The working capital turnover ratio for GE Vernova LLC varied over the last four quarters. It was not determinable for December 31, 2023, and March 31, 2024. However, as of June 30, 2024, the company achieved a working capital turnover ratio of 80.41, indicating that it effectively utilized its working capital to generate revenue during that period. Subsequently, the ratio decreased to 43.20 by September 30, 2024, suggesting a decline in the efficiency of working capital utilization in the most recent quarter. Overall, the fluctuations in the working capital turnover ratio imply potential changes in the company's operational efficiency and effectiveness in managing its current assets and liabilities to support revenue generation.
Peer comparison
Sep 30, 2024