GE Vernova LLC (GEV)
Return on assets (ROA)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | ||
|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 1,552,000 | 1,163,000 | 1,089,000 | -355,000 | -540,000 |
| Total assets | US$ in thousands | 51,485,000 | 50,853,000 | 48,052,000 | 47,872,000 | 47,194,000 |
| ROA | 3.01% | 2.29% | 2.27% | -0.74% | -1.14% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $1,552,000K ÷ $51,485,000K
= 3.01%
Based on the data provided, the return on assets (ROA) for GE Vernova LLC has exhibited variability over the recent quarters. In December 2023 and March 2024, the ROA was negative, indicating that the company was not generating a profit relative to its assets during those periods. However, there was an improvement in the following quarters, with ROA jumping to 2.27% in June 2024, 2.29% in September 2024, and further increasing to 3.01% by December 2024.
The positive trend in ROA from June to December 2024 suggests that the company's profitability relative to its assets has been on an upward trajectory, indicating improved efficiency in generating profits with the resources at its disposal. This could be attributed to better cost management, increased revenue generation, or a combination of both factors.
Overall, the increasing trend in ROA is a positive indicator for GE Vernova LLC's financial performance, as it signifies the company's ability to generate earnings from its asset base. However, it would be beneficial to monitor future ROA trends to assess the sustainability of this improvement and ensure continued profitability and efficiency.
Peer comparison
Dec 31, 2024