GE Vernova LLC (GEV)
Operating profit margin
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | ||
|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 103,000 | 155,000 | -840,000 | -1,020,000 |
| Revenue (ttm) | US$ in thousands | 34,432,000 | 33,771,000 | 33,677,000 | 33,239,000 |
| Operating profit margin | 0.30% | 0.46% | -2.49% | -3.07% |
September 30, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $103,000K ÷ $34,432,000K
= 0.30%
Based on the data provided for GE Vernova LLC's operating profit margin for the periods ending December 31, 2023, March 31, 2024, June 30, 2024, and September 30, 2024, we observe a fluctuating trend in the company's profitability performance.
For December 31, 2023, the operating profit margin was reported at -3.07%, indicating that the company incurred operating losses relative to its revenue during that period. This could be a sign of inefficient cost management or insufficient revenue generation.
Moving to March 31, 2024, the operating profit margin improved slightly to -2.49%, but still remained negative. Despite the slight improvement, the company continued to experience challenges in generating profits from its core operations.
By June 30, 2024, there was a significant positive turnaround as the operating profit margin rose to 0.46%, indicating that the company was able to generate a profit from its operations during this period. This improvement suggests a better control of costs, an increase in sales, or a combination of both.
However, by September 30, 2024, the operating profit margin dipped slightly to 0.30%, although it remained positive. It is essential for the company to monitor this trend closely to ensure sustained profitability and explore strategies to enhance operational efficiency and revenue generation.
In conclusion, the fluctuating operating profit margins of GE Vernova LLC indicate a mix of profitability challenges and improvements. The company should focus on consistently improving its operating efficiency and revenue generation to ensure long-term sustainable profitability.
Peer comparison
Sep 30, 2024