GE Vernova LLC (GEV)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,552,000 | -438,000 | -2,736,000 | -633,000 |
| Total assets | US$ in thousands | 51,485,000 | 46,121,000 | 44,471,000 | — |
| ROA | 3.01% | -0.95% | -6.15% | — |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $1,552,000K ÷ $51,485,000K
= 3.01%
Based on the data provided for GE Vernova LLC's Return on Assets (ROA) over the years 2022 to 2024, we observe a mixed trend in performance.
In December 31, 2022, the ROA was negative at -6.15%, indicating that the company generated a net loss relative to its total assets. This could signal inefficiency in asset utilization or operational challenges impacting profitability.
By December 31, 2023, the ROA improved to -0.95%, but still remained negative. Although there was progress from the previous year, the company continued to generate a net loss in relation to its assets, albeit to a lesser extent.
Notably, in December 31, 2024, GE Vernova LLC's ROA turned positive at 3.01%, demonstrating a significant improvement in asset productivity and profitability. This positive ROA indicates that the company effectively utilized its assets to generate earnings, which is a favorable sign for stakeholders.
Overall, the fluctuating ROA trend suggests that GE Vernova LLC has experienced challenges in asset efficiency and profitability, but the positive turnaround in 2024 indicates potential for improved financial performance. It would be crucial for the company to sustain this positive momentum and continue optimizing its asset utilization to drive long-term profitability and growth.
Peer comparison
Dec 31, 2024