Stock Analysis on Net

GE Aerospace (NYSE:GE)

$24.99

Total Asset Turnover
since 2005

Microsoft Excel

Calculation

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

Microsoft Excel

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 notable trends over the analyzed period. Sales of equipment and services peaked around 2008, followed by fluctuations with a general declining trend from 2018 onward, reaching the lowest levels in 2024. This pattern suggests challenges in maintaining sales volumes or pricing power in recent years.

Total assets generally declined after 2010, with a significant reduction occurring between 2013 and 2016. This decrease continued more gradually through to 2024, indicating possible asset divestitures, impairments, or strategic downsizing efforts. The reduction in asset base could reflect a shift in business strategy or responses to market conditions.

The total asset turnover ratio, which measures how efficiently assets generate sales, shows improvement over time. Starting at approximately 0.14 in the mid-2000s, the ratio rose steadily, reaching a peak around 0.40 in 2023 before a slight drop in 2024. This increase denotes enhanced operational efficiency, with the company generating more sales per unit of asset, possibly through better asset utilization or leaner asset management practices despite decreasing total assets.

Sales of equipment and services
Experienced early growth until 2008, followed by relatively stable figures with some volatility, then a decline starting in 2018 culminating in a substantial fall by 2024.
Total assets
Remained relatively stable until 2010, then showed a marked decline, particularly from 2013 to 2016, continuing downward through 2024, indicating asset base contraction.
Total asset turnover ratio
Displayed a continuous upward trend, improving from 0.14 to around 0.40 over the period, signifying enhanced efficiency in using assets to generate sales despite a shrinking asset base.

Comparison to Competitors

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

Microsoft Excel

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)


Comparison to Industry (Industrials)