Analysis of Geographic Areas
GE Aerospace operates in 5 regions: U.S.; Europe; Asia; Americas; and Other Global.
Area Asset Turnover
GE Aerospace, asset turnover by geographic area
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| U.S. | 3.36 | 0.28 | 0.26 | 0.25 | 0.24 |
| Europe | 6.66 | 0.40 | 0.44 | 0.35 | 0.27 |
| Asia | 14.56 | 1.36 | 1.27 | 1.29 | 0.79 |
| Americas | 6.02 | 0.86 | 0.90 | 0.70 | 0.44 |
| Other Global | 311.17 | 2.51 | 1.55 | 1.54 | 0.68 |
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).
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | U.S. | U.S. area asset turnover ratio improved from 2022 to 2023 and from 2023 to 2024. |
| Europe | Europe area asset turnover ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. | |
| Asia | Asia area asset turnover ratio improved from 2022 to 2023 and from 2023 to 2024. | |
| Americas | Americas area asset turnover ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. | |
| Other Global | Other Global area asset turnover ratio improved from 2022 to 2023 and from 2023 to 2024. |
Area Asset Turnover: U.S.
GE Aerospace; U.S.; area asset turnover calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Revenues | 17,340) | 29,090) | 33,036) | 32,838) | 35,314) |
| Property, plant and equipment, net | 5,166) | 105,676) | 126,005) | 130,956) | 148,963) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 3.36 | 0.28 | 0.26 | 0.25 | 0.24 |
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).
1 2024 Calculation
Area asset turnover = Revenues ÷ Property, plant and equipment, net
= 17,340 ÷ 5,166 = 3.36
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | U.S. | U.S. area asset turnover ratio improved from 2022 to 2023 and from 2023 to 2024. |
Area Asset Turnover: Europe
GE Aerospace; Europe; area asset turnover calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Revenues | 7,800) | 15,650) | 16,284) | 14,946) | 15,733) |
| Property, plant and equipment, net | 1,171) | 38,899) | 36,603) | 42,213) | 58,301) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 6.66 | 0.40 | 0.44 | 0.35 | 0.27 |
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).
1 2024 Calculation
Area asset turnover = Revenues ÷ Property, plant and equipment, net
= 7,800 ÷ 1,171 = 6.66
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Europe | Europe area asset turnover ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. |
Area Asset Turnover: Asia
GE Aerospace; Asia; area asset turnover calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Revenues | 7,236) | 10,869) | 14,386) | 14,851) | 16,216) |
| Property, plant and equipment, net | 497) | 7,988) | 11,317) | 11,534) | 20,630) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 14.56 | 1.36 | 1.27 | 1.29 | 0.79 |
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).
1 2024 Calculation
Area asset turnover = Revenues ÷ Property, plant and equipment, net
= 7,236 ÷ 497 = 14.56
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Asia | Asia area asset turnover ratio improved from 2022 to 2023 and from 2023 to 2024. |
Area Asset Turnover: Americas
GE Aerospace; Americas; area asset turnover calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Revenues | 2,593) | 5,034) | 5,788) | 4,476) | 4,701) |
| Property, plant and equipment, net | 431) | 5,875) | 6,405) | 6,406) | 10,795) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 6.02 | 0.86 | 0.90 | 0.70 | 0.44 |
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).
1 2024 Calculation
Area asset turnover = Revenues ÷ Property, plant and equipment, net
= 2,593 ÷ 431 = 6.02
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Americas | Americas area asset turnover ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. |
Area Asset Turnover: Other Global
GE Aerospace; Other Global; area asset turnover calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Revenues | 3,734) | 7,310) | 7,060) | 7,085) | 7,655) |
| Property, plant and equipment, net | 12) | 2,912) | 4,566) | 4,588) | 11,230) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 311.17 | 2.51 | 1.55 | 1.54 | 0.68 |
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).
1 2024 Calculation
Area asset turnover = Revenues ÷ Property, plant and equipment, net
= 3,734 ÷ 12 = 311.17
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Other Global | Other Global area asset turnover ratio improved from 2022 to 2023 and from 2023 to 2024. |
Revenues
GE Aerospace, revenues by geographic area
US$ in millions
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| U.S. | 17,340) | 29,090) | 33,036) | 32,838) | 35,314) |
| Europe | 7,800) | 15,650) | 16,284) | 14,946) | 15,733) |
| Asia | 7,236) | 10,869) | 14,386) | 14,851) | 16,216) |
| Americas | 2,593) | 5,034) | 5,788) | 4,476) | 4,701) |
| Other Global | 3,734) | 7,310) | 7,060) | 7,085) | 7,655) |
| Non-U.S. | 21,363) | 38,863) | 43,518) | 41,358) | 44,305) |
| Total | 38,703) | 67,953) | 76,554) | 74,196) | 79,619) |
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).
Property, plant and equipment, net
GE Aerospace, property, plant and equipment, net by geographic area
US$ in millions
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| U.S. | 5,166) | 105,676) | 126,005) | 130,956) | 148,963) |
| Europe | 1,171) | 38,899) | 36,603) | 42,213) | 58,301) |
| Asia | 497) | 7,988) | 11,317) | 11,534) | 20,630) |
| Americas | 431) | 5,875) | 6,405) | 6,406) | 10,795) |
| Other Global | 12) | 2,912) | 4,566) | 4,588) | 11,230) |
| Non-U.S. | 2,111) | 55,674) | 58,891) | 64,741) | 100,956) |
| Total | 7,277) | 161,350) | 184,896) | 195,697) | 249,919) |
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).