GE Vernova LLC (GEV)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Operating income | US$ in thousands | -480,000 | -1,743,000 | -378,000 |
| Total assets | US$ in thousands | 46,121,000 | 44,471,000 | — |
| Operating ROA | -1.04% | -3.92% | — |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $-480,000K ÷ $46,121,000K
= -1.04%
The operating return on assets (Operating ROA) for GE Vernova LLC has shown an improvement from -3.92% in 2022 to -1.04% in 2023. While still negative, the trend indicates a positive shift in the company's ability to generate operating profits from its assets. This improvement suggests that the company is becoming more efficient in utilizing its assets to generate sales and operating income.
It is worth noting that the operating ROA for 2021 is not available, suggesting a data gap for that year. However, the consecutive years' data reveals a decreasing negative trend in operating ROA, indicating a potential enhancement in operational efficiency and profitability. These improvements may be attributed to better cost management, revenue enhancement strategies, or asset optimization initiatives implemented by GE Vernova LLC.
Overall, the trend in operating ROA suggests that GE Vernova LLC is moving towards a more efficient utilization of its assets to generate operating profits, which is a positive indicator for the company's financial performance and sustainability.
Peer comparison
Dec 31, 2023