GE Vernova LLC (GEV)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|
| Operating income | US$ in thousands | 471,000 | -923,000 | -1,743,000 | -378,000 |
| Total assets | US$ in thousands | 51,485,000 | 46,121,000 | 44,471,000 | — |
| Operating ROA | 0.91% | -2.00% | -3.92% | — |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $471,000K ÷ $51,485,000K
= 0.91%
Based on the data provided, GE Vernova LLC's operating return on assets (Operating ROA) has shown a mixed performance over the last few years. As of December 31, 2022, the company reported a negative operating ROA of -3.92%, indicating that the company generated operating losses relative to its assets during that period.
However, there was a slight improvement in the operating ROA for the following year, with the ratio improving to -2.00% as of December 31, 2023. Although the ratio remained negative, the smaller magnitude of the decline suggests a possible turnaround in the company's operational efficiency.
By December 31, 2024, GE Vernova LLC's operating ROA turned positive at 0.91%, indicating that the company generated operating income relative to its assets during that year. This improvement is a positive sign as it suggests that the company may have been able to effectively utilize its assets to generate earnings.
Overall, while GE Vernova LLC faced challenges with negative operating ROA in the past, the improvement to positive territory by December 31, 2024, indicates a potential positive trend in the company's operational performance and asset utilization. The company should continue to monitor and seek ways to further enhance their efficiency and profitability.
Peer comparison
Dec 31, 2024