Stock Analysis on Net
Stock Analysis on Net

GE Aerospace (NYSE:GE)

$24.99

Total Asset Turnover
since 2005

Microsoft Excel

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Calculation

GE Aerospace, total asset turnover, long-term trends, calculation

Microsoft Excel
Total asset turnover = Sales of equipment and services1 ÷ Total assets1
Dec 31, 2025 = ÷
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Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

1 US$ in millions

The total asset turnover ratio exhibits a fluctuating pattern over the period from 2005 to 2025. Initially, the ratio remained relatively stable, hovering around 0.13 to 0.15 for several years before demonstrating a marked increase in later periods.

Initial Stability (2005-2012)
From 2005 through 2012, the total asset turnover ratio remained within a narrow range, fluctuating between 0.13 and 0.15. This suggests a consistent, though modest, efficiency in utilizing assets to generate sales during this timeframe. There were no significant deviations from this baseline.
Significant Increase (2013-2022)
Beginning in 2013, a clear upward trend emerges. The ratio increased from 0.16 to a peak of 0.40 in 2022. This indicates a substantial improvement in the company’s ability to generate sales from its asset base. The most dramatic increases occurred between 2015 and 2018, suggesting operational improvements or a shift in business strategy contributed to this outcome.
Recent Decline (2023-2025)
Following the peak in 2022, the total asset turnover ratio experienced a decline, falling to 0.29 in 2023 and 0.33 in 2025. While still higher than the levels observed prior to 2013, this recent decrease warrants further investigation. It could be attributed to a decrease in sales, an increase in total assets, or a combination of both. The decline from 0.40 to 0.29 in a single year is particularly noteworthy.
Correlation with Sales and Assets
The increase in the ratio from 2013 onwards appears to be linked to both increasing sales and a decreasing asset base. While sales generally increased during this period, the reduction in total assets was more pronounced, contributing significantly to the higher turnover ratio. The recent decline in the ratio, conversely, is associated with a more substantial decrease in sales than in assets.

Overall, the company demonstrated improving asset efficiency for much of the analyzed period, but recent performance suggests a potential reversal of this trend. Continued monitoring of this ratio, alongside its underlying components (sales and total assets), is recommended to understand the drivers of these changes and their implications for future performance.

Comparison to Competitors

GE Aerospace, total asset turnover, long-term trends, comparison to competitors

Microsoft Excel
GE Aerospace Boeing Co. Caterpillar Inc. Eaton Corp. plc Honeywell International Inc. Lockheed Martin Corp. RTX Corp.
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Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

Comparison to Sector (Capital Goods)

GE Aerospace, total asset turnover, long-term trends, comparison to sector (capital goods)

Microsoft Excel
GE Aerospace Capital Goods
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Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

Comparison to Industry (Industrials)

GE Aerospace, total asset turnover, long-term trends, comparison to industry (industrials)

Microsoft Excel
GE Aerospace Industrials
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Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).