GE Vernova LLC (GEV)
Working capital turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | ||
|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 34,951,000 | 34,416,000 | 33,748,000 | 33,674,000 | 33,239,000 |
| Total current assets | US$ in thousands | 34,153,000 | 33,141,000 | 30,722,000 | 29,243,000 | 3,597,000 |
| Total current liabilities | US$ in thousands | 31,685,000 | 31,233,000 | 29,065,000 | 29,516,000 | 29,430,000 |
| Working capital turnover | 14.16 | 18.04 | 20.37 | — | — |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $34,951,000K ÷ ($34,153,000K – $31,685,000K)
= 14.16
Based on the provided data, GE Vernova LLC's working capital turnover has shown fluctuations over the course of the year. The working capital turnover ratio measures the efficiency of a company in generating revenue from its working capital.
The working capital turnover for June 30, 2024, stood at 20.37, indicating that the company generated $20.37 in revenue for every $1 of working capital invested. This suggests strong efficiency in utilizing its working capital during that period.
However, there was a decrease in efficiency in the subsequent quarters, with the ratios dropping to 18.04 on September 30, 2024, and further declining to 14.16 by December 31, 2024. These lower ratios may indicate that the company's ability to generate revenue from its working capital diminished towards the end of the year.
It is important for GE Vernova LLC to closely monitor its working capital turnover and identify reasons behind the fluctuations to ensure optimal management of its working capital resources and enhance overall operational efficiency.
Peer comparison
Dec 31, 2024