GE Vernova LLC (GEV)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 9,504,000 | 9,067,000 | 8,974,000 | 8,968,000 |
| ROE | 12.24% | 12.01% | -3.96% | -6.02% |
September 30, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $1,163,000K ÷ $9,504,000K
= 12.24%
Based on the data provided, GE Vernova LLC's return on equity (ROE) experienced fluctuations over the four quarters analyzed.
- As of December 31, 2023, the ROE was negative at -6.02%, indicating that the company was generating a loss relative to its equity.
- By March 31, 2024, the ROE improved but remained negative at -3.96%, suggesting that the company's profitability had slightly increased but was still not generating positive returns for its shareholders.
- The trend shifted positively in the following quarters, with ROE reaching 12.01% by June 30, 2024, and further improving to 12.24% by September 30, 2024. These positive ROE figures indicate that the company significantly enhanced its profitability and efficiency in utilizing its equity to generate returns for shareholders during these periods.
Overall, the company showed a turnaround in its performance, moving from losses to profits, and demonstrating improved effectiveness in generating returns for its equity holders. Monitoring this trend over time can provide valuable insights into the company's financial health and management efficiency.
Peer comparison
Sep 30, 2024