GE Vernova LLC (GEV)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 9,546,000 | 9,504,000 | 9,067,000 | 8,974,000 | 8,968,000 |
| ROE | 16.26% | 12.24% | 12.01% | -3.96% | -6.02% |
December 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $1,552,000K ÷ $9,546,000K
= 16.26%
Based on the provided data, GE Vernova LLC's return on equity (ROE) experienced fluctuations throughout the year. The ROE was negative in the first two quarters of 2024, indicating that the company's net income was insufficient to generate a positive return for its shareholders during those periods.
However, there was a significant improvement in the ROE in the second half of the year, with a notable increase from 12.01% in June 30, 2024, to 16.26% by the end of December 31, 2024. This suggests that the company became more profitable and efficient in generating returns for its shareholders during this period.
It is essential to further investigate the reasons behind the fluctuations in ROE to understand the factors influencing the company's performance. Analyzing the operational and financial aspects of GE Vernova LLC can provide valuable insights into the changes in its return on equity and help in making informed decisions regarding the company's financial health and future prospects.
Peer comparison
Dec 31, 2024