GE Vernova LLC (GEV)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Net income | US$ in thousands | -438,000 | -2,736,000 | -633,000 |
| Total assets | US$ in thousands | 46,121,000 | 44,471,000 | — |
| ROA | -0.95% | -6.15% | — |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $-438,000K ÷ $46,121,000K
= -0.95%
The return on assets (ROA) for GE Vernova LLC has shown a significant improvement from -6.15% in December 2022 to -0.95% in December 2023. Despite both years reflecting negative ROA figures, the upward trend suggests that the company is becoming more efficient in generating profits relative to its total assets. It is essential for the company to continue this positive trajectory to enhance its overall financial performance and value creation for shareholders. Additionally, the absence of data for December 2021 limits the ability to assess the ROA trend over a more extended period.
Peer comparison
Dec 31, 2023
Company name
Symbol
ROA
GE Vernova LLC
GEV
-0.95%
Emerson Electric Company
EMR
4.45%
GE Aerospace
GE
5.81%
Otis Worldwide Corp
OTIS
13.90%