Analysis of Long-term (Investment) Activity Ratios
Quarterly Data
Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.
Paying user area
Try for free
GE Aerospace pages available for free this week:
- Cash Flow Statement
- Analysis of Solvency Ratios
- Analysis of Reportable Segments
- Enterprise Value to FCFF (EV/FCFF)
- Present Value of Free Cash Flow to Equity (FCFE)
- Net Profit Margin since 2005
- Total Asset Turnover since 2005
- Price to Earnings (P/E) since 2005
- Price to Sales (P/S) since 2005
- Analysis of Revenues
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to GE Aerospace for $24.99.
This is a one-time payment. There is no automatic renewal.
We accept:
Long-term Activity Ratios (Summary)
GE Aerospace, long-term (investment) activity ratios (quarterly data)
Based on: 10-Q (reporting date: 2026-06-30), 10-Q (reporting date: 2026-03-31), 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31).
The activity ratios exhibit a pattern of volatility characterized by a notable disruption during 2024, followed by a sustained recovery through mid-2026. While revenue generation relative to assets experienced significant fluctuations, the overall trajectory indicates an improving trend in asset utilization efficiency toward the end of the observed period.
- Net Fixed Asset Turnover
- This ratio demonstrates significant variance, peaking at 7.23 in June 2024 before receding to 4.83 by December 2024. Following this trough, a consistent upward trend is observed, with the ratio climbing to 5.83 by June 2026, suggesting an improved capacity to generate sales from fixed infrastructure investments.
- Total Asset Turnover
- Total asset utilization remained relatively stable between 0.36 and 0.43 from early 2022 through early 2024. However, a marked decline occurred in the latter half of 2024, reaching a low of 0.29. A gradual recovery followed, with the ratio returning to 0.37 by June 2026, although it remains below the peaks seen in 2023.
- Equity Turnover
- Equity efficiency followed a trajectory similar to fixed asset turnover, characterized by a spike to 2.76 in June 2024 and a subsequent drop to 1.82 by December 2024. The period from March 2025 to June 2026 shows a steady expansion, ending at 2.69, which indicates a strengthened ability to leverage shareholders' equity to drive revenue.
The synchronization of the troughs across all three metrics in late 2024 suggests a systemic impact on operational efficiency or a significant change in the asset base. The subsequent alignment of growth in 2025 and 2026 indicates a period of operational stabilization and optimized resource deployment.
Net Fixed Asset Turnover
GE Aerospace, net fixed asset turnover calculation (quarterly data)
| Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||
| Sales of equipment and services | ||||||||||||||||||||||||
| Property, plant and equipment, net | ||||||||||||||||||||||||
| Long-term Activity Ratio | ||||||||||||||||||||||||
| Net fixed asset turnover1 | ||||||||||||||||||||||||
| Benchmarks | ||||||||||||||||||||||||
| Net Fixed Asset Turnover, Competitors2 | ||||||||||||||||||||||||
| Boeing Co. | ||||||||||||||||||||||||
| Caterpillar Inc. | ||||||||||||||||||||||||
| Eaton Corp. plc | ||||||||||||||||||||||||
| Honeywell International Inc. | ||||||||||||||||||||||||
| Lockheed Martin Corp. | ||||||||||||||||||||||||
| RTX Corp. | ||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2026-06-30), 10-Q (reporting date: 2026-03-31), 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31).
1 Q2 2026 Calculation
Net fixed asset turnover
= (Sales of equipment and servicesQ2 2026
+ Sales of equipment and servicesQ1 2026
+ Sales of equipment and servicesQ4 2025
+ Sales of equipment and servicesQ3 2025)
÷ Property, plant and equipment, net
= ( + + + )
÷ =
2 Click competitor name to see calculations.
The analysis of long-term activity reveals a period of significant structural transition, characterized by a substantial realignment of the asset base and fluctuating revenue streams. The net fixed asset turnover ratio demonstrates distinct phases of volatility, a sharp anomaly in mid-2024, and a subsequent period of steady recovery.
- Asset Base and Revenue Transition
- A significant reduction in net property, plant, and equipment is observed during the second quarter of 2024, where the value dropped from 12.3 billion to approximately 7.1 billion. This contraction occurred alongside a period of lower sales compared to 2022 and 2023 levels. Following this realignment, both sales and net fixed assets entered a phase of gradual, synchronized growth through June 2026.
- Turnover Ratio Volatility
- The net fixed asset turnover ratio peaked early in the period at 5.84 in March 2023. A notable spike to 7.23 occurred in June 2024, which is directly attributable to the sharp decrease in the net fixed asset denominator rather than a surge in sales. This represents a temporary peak in nominal efficiency resulting from asset divestment or write-downs.
- Long-Term Efficiency Trends
- From December 2024 through June 2026, a consistent upward trend in the turnover ratio is evident, rising from 4.83 to 5.83. This steady increase indicates a progressive improvement in the ability to generate sales from the remaining fixed asset base, suggesting that the post-2024 asset structure is being utilized more efficiently to drive revenue growth.
Total Asset Turnover
GE Aerospace, total asset turnover calculation (quarterly data)
| Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||
| Sales of equipment and services | ||||||||||||||||||||||||
| Total assets | ||||||||||||||||||||||||
| Long-term Activity Ratio | ||||||||||||||||||||||||
| Total asset turnover1 | ||||||||||||||||||||||||
| Benchmarks | ||||||||||||||||||||||||
| Total Asset Turnover, Competitors2 | ||||||||||||||||||||||||
| Boeing Co. | ||||||||||||||||||||||||
| Caterpillar Inc. | ||||||||||||||||||||||||
| Eaton Corp. plc | ||||||||||||||||||||||||
| Honeywell International Inc. | ||||||||||||||||||||||||
| Lockheed Martin Corp. | ||||||||||||||||||||||||
| RTX Corp. | ||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2026-06-30), 10-Q (reporting date: 2026-03-31), 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31).
1 Q2 2026 Calculation
Total asset turnover
= (Sales of equipment and servicesQ2 2026
+ Sales of equipment and servicesQ1 2026
+ Sales of equipment and servicesQ4 2025
+ Sales of equipment and servicesQ3 2025)
÷ Total assets
= ( + + + )
÷ =
2 Click competitor name to see calculations.
The total asset turnover ratio exhibits a period of relative stability and peak efficiency in 2023, followed by a significant contraction in late 2024 and a subsequent gradual recovery through mid-2026. The data indicates a fundamental shift in the company's operational scale and asset utilization during the 2024 fiscal year.
- Revenue Performance Trends
- Sales of equipment and services demonstrated strong momentum through 2022 and 2023, reaching a peak of 21,012 million USD in December 2022. A substantial decline in revenue is observed starting in March 2024, where figures dropped to 8,076 million USD. Following this trough, a consistent recovery trend is evident, with revenues steadily increasing to reach 12,633 million USD by June 2026.
- Asset Base Dynamics
- Total assets showed a general downward trend from a high of 191,961 million USD in March 2022. A sharp structural reduction occurred between March and June 2024, with assets falling from 163,942 million USD to 123,190 million USD. Post-June 2024, the asset base stabilized, exhibiting minor fluctuations and a slight upward trend to 127,672 million USD by June 2026.
- Asset Turnover Efficiency Analysis
- The total asset turnover ratio peaked at 0.43 in March and September 2023, representing the highest level of asset productivity in the observed period. Efficiency declined sharply in 2024, hitting a minimum of 0.29 by December 2024, which suggests that the reduction in revenue outweighed the reduction in total assets during that interval. From January 2025 onward, a steady improvement in the ratio is observed, returning to 0.37 by June 2026, indicating a progressive optimization of the revised asset base.
Equity Turnover
GE Aerospace, equity turnover calculation (quarterly data)
| Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||
| Sales of equipment and services | ||||||||||||||||||||||||
| Shareholders’ equity | ||||||||||||||||||||||||
| Long-term Activity Ratio | ||||||||||||||||||||||||
| Equity turnover1 | ||||||||||||||||||||||||
| Benchmarks | ||||||||||||||||||||||||
| Equity Turnover, Competitors2 | ||||||||||||||||||||||||
| Boeing Co. | ||||||||||||||||||||||||
| Caterpillar Inc. | ||||||||||||||||||||||||
| Eaton Corp. plc | ||||||||||||||||||||||||
| Honeywell International Inc. | ||||||||||||||||||||||||
| Lockheed Martin Corp. | ||||||||||||||||||||||||
| RTX Corp. | ||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2026-06-30), 10-Q (reporting date: 2026-03-31), 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31).
1 Q2 2026 Calculation
Equity turnover
= (Sales of equipment and servicesQ2 2026
+ Sales of equipment and servicesQ1 2026
+ Sales of equipment and servicesQ4 2025
+ Sales of equipment and servicesQ3 2025)
÷ Shareholders’ equity
= ( + + + )
÷ =
2 Click competitor name to see calculations.
The analysis of equity turnover reveals a period of significant structural adjustment followed by a trajectory of increasing efficiency in capital utilization.
- Revenue Trends
- Sales of equipment and services exhibited growth throughout 2022 and 2023, peaking at 21,012 million USD in December 2022. A sharp contraction is observed starting in March 2024, with values dropping to approximately 8,076 million USD. However, a consistent recovery trend is evident from mid-2024 through June 2026, with projected sales climbing steadily to 12,633 million USD.
- Equity Dynamics
- Shareholders' equity showed a general decline from 39,005 million USD in March 2022 to 27,378 million USD by the end of 2023. A critical reduction occurred between March 31, 2024, and June 30, 2024, where equity fell from 29,855 million USD to 18,598 million USD. Following this adjustment, equity levels remained relatively stable, exhibiting a marginal downward trend toward 17,640 million USD by June 2026.
- Equity Turnover Performance
- The equity turnover ratio demonstrates a volatile but generally ascending trend. From March 2022 to December 2023, the ratio increased from 1.82 to 2.36. A significant spike to 2.76 occurred in June 2024, which directly correlates with the sharp decrease in the equity base rather than a surge in sales. Following a correction to 1.82 by December 2024, the ratio shows a steady upward trajectory throughout the forecast period, reaching 2.69 by June 2026.
The overall pattern indicates that while sales volumes have shifted to a lower baseline compared to the 2022-2023 period, the substantial reduction in shareholders' equity has resulted in a higher turnover ratio. This suggests a leaner capital structure and an improvement in the efficiency of generating revenue relative to the invested equity.