Stock Analysis on Net
Stock Analysis on Net

GE Aerospace (NYSE:GE)

$24.99

Return on Assets (ROA)
since 2005

Microsoft Excel

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Calculation

GE Aerospace, ROA, long-term trends, calculation

Microsoft Excel
ROA = 100 × Net earnings (loss) attributable to the Company1 ÷ Total assets1
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Dec 31, 2005 = 100 × ÷

Based on: 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 financial data reveals several observable trends over the period analyzed. Net earnings attributable to the company exhibit notable volatility, with initial growth from 2005 through 2007, reaching a peak of 22,208 million USD in 2007. Following this peak, a downward trend is evident until 2009, with net earnings dropping sharply to 11,025 million USD. A period of relative stability and moderate recovery occurs between 2010 and 2014, with earnings generally fluctuating around the 13,000 to 15,000 million USD range.

Significant fluctuations and negative values are observed from 2015 onwards, indicating periods of operational or financial challenges. Negative net earnings occur in 2015, 2017, 2018, 2019, and 2021, with the most substantial loss recorded in 2018 at -22,355 million USD. However, the company experiences recovery phases in 2016, 2020, 2022, and 2023, with positive earnings restored, although not always reaching prior peak levels.

Total assets demonstrate a consistent declining trend throughout the period, decreasing from 673,342 million USD in 2005 to 123,140 million USD projected in 2024. This represents a substantial reduction in asset base, with the most pronounced decreases post-2014, including a sharp contraction from 492,692 million USD in 2015 to 309,129 million USD in 2018, and continuing downward thereafter. This decline suggests major asset disposals, restructuring, or other strategic reductions in asset holdings.

Return on assets (ROA) values correlate with the net earnings trends, displaying variability aligned with profitability changes. ROA remains positive but modest through 2014, peaking at 2.99% in 2006 and generally hovering around 2%. After 2014, ROA becomes negative in several years, coinciding with significant net losses, such as -7.23% in 2018. Recovery in ROA is seen in recent years, with a notable rise to 5.81% in 2023, indicating improved efficiency or profitability relative to asset base, despite the reduced total assets. Projected ROA for 2024 remains strong at 5.32%, suggesting continued positive momentum.

Overall, the data indicates that the company has faced considerable challenges impacting profitability and asset base, specifically during the mid to late 2010s. However, signs of recovery are apparent in recent years, with improvements in net earnings and returns on assets despite a significantly smaller asset base. This trend may reflect strategic refocusing or operational efficiencies gained after a period of contraction and losses.

Net Earnings (Loss)
Initial growth through 2007, followed by volatility and significant losses in several years post-2014. Recovery phases observed in 2016, 2020, 2022, and 2023.
Total Assets
Consistent decline from 2005 to 2024, with sharp reductions post-2014 indicating possible asset disposals or restructuring.
Return on Assets (ROA)
Positive and stable before 2014, turning negative during loss periods, and recovering strongly in recent years with projections indicating sustained improvement.

Comparison to Competitors

GE Aerospace, ROA, 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: 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, ROA, long-term trends, comparison to sector (capital goods)

Microsoft Excel
GE Aerospace Capital Goods
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Based on: 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, ROA, long-term trends, comparison to industry (industrials)

Microsoft Excel
GE Aerospace Industrials
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Based on: 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).