GE Vernova LLC (GEV)
Return on assets (ROA)
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | ||
|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 1,163,000 | 1,089,000 | -355,000 | -540,000 |
| Total assets | US$ in thousands | 50,853,000 | 48,052,000 | 47,872,000 | 47,194,000 |
| ROA | 2.29% | 2.27% | -0.74% | -1.14% |
September 30, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $1,163,000K ÷ $50,853,000K
= 2.29%
The return on assets (ROA) for GE Vernova LLC has shown significant improvement over the period analyzed. The company's ROA was negative in December 2023 and March 2024, indicating that the company was not effectively generating profits from its assets during these periods. However, there was a notable turnaround in June and September 2024, with ROA increasing to 2.27% and 2.29% respectively. This improvement suggests that the company became more efficient in utilizing its assets to generate profits. Overall, the positive trend in ROA demonstrates a positive shift in the company's profitability and efficiency in asset management.
Peer comparison
Sep 30, 2024