Stock Analysis on Net

GE Aerospace (NYSE:GE)

Analysis of Geographic Areas

Microsoft Excel

Area Asset Turnover

GE Aerospace, asset turnover by geographic area

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
U.S. 0.28 0.26 0.25 0.24 0.27
Europe 0.40 0.44 0.35 0.27 0.27
Asia 1.36 1.27 1.29 0.79 0.91
Americas 0.86 0.90 0.70 0.44 0.47
Other Global 2.51 1.55 1.54 0.68 0.90

Based on: 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).

Area activity ratio Geographic area The company
Area asset turnover U.S. U.S. area asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023.
Europe Europe area asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023.
Asia Asia area asset turnover ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level.
Americas Americas area asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023.
Other Global Other Global area asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023.

Area Asset Turnover: U.S.

GE Aerospace; U.S.; area asset turnover calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Revenues 29,090 33,036 32,838 35,314 39,372
Assets 105,676 126,005 130,956 148,963 143,534
Area Activity Ratio
Area asset turnover1 0.28 0.26 0.25 0.24 0.27

Based on: 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).

1 2023 Calculation
Area asset turnover = Revenues ÷ Assets
= 29,090 ÷ 105,676 = 0.28

Area activity ratio Geographic area The company
Area asset turnover U.S. U.S. area asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023.

Area Asset Turnover: Europe

GE Aerospace; Europe; area asset turnover calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Revenues 15,650 16,284 14,946 15,733 19,092
Assets 38,899 36,603 42,213 58,301 70,565
Area Activity Ratio
Area asset turnover1 0.40 0.44 0.35 0.27 0.27

Based on: 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).

1 2023 Calculation
Area asset turnover = Revenues ÷ Assets
= 15,650 ÷ 38,899 = 0.40

Area activity ratio Geographic area The company
Area asset turnover Europe Europe area asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023.

Area Asset Turnover: Asia

GE Aerospace; Asia; area asset turnover calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Revenues 10,869 14,386 14,851 16,216 20,156
Assets 7,988 11,317 11,534 20,630 22,089
Area Activity Ratio
Area asset turnover1 1.36 1.27 1.29 0.79 0.91

Based on: 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).

1 2023 Calculation
Area asset turnover = Revenues ÷ Assets
= 10,869 ÷ 7,988 = 1.36

Area activity ratio Geographic area The company
Area asset turnover Asia Asia area asset turnover ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level.

Area Asset Turnover: Americas

GE Aerospace; Americas; area asset turnover calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Revenues 5,034 5,788 4,476 4,701 6,336
Assets 5,875 6,405 6,406 10,795 13,435
Area Activity Ratio
Area asset turnover1 0.86 0.90 0.70 0.44 0.47

Based on: 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).

1 2023 Calculation
Area asset turnover = Revenues ÷ Assets
= 5,034 ÷ 5,875 = 0.86

Area activity ratio Geographic area The company
Area asset turnover Americas Americas area asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023.

Area Asset Turnover: Other Global

GE Aerospace; Other Global; area asset turnover calculation

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Selected Financial Data (US$ in millions)
Revenues 7,310 7,060 7,085 7,655 10,259
Assets 2,912 4,566 4,588 11,230 11,445
Area Activity Ratio
Area asset turnover1 2.51 1.55 1.54 0.68 0.90

Based on: 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).

1 2023 Calculation
Area asset turnover = Revenues ÷ Assets
= 7,310 ÷ 2,912 = 2.51

Area activity ratio Geographic area The company
Area asset turnover Other Global Other Global area asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023.

Revenues

GE Aerospace, revenues by geographic area

US$ in millions

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
U.S. 29,090 33,036 32,838 35,314 39,372
Europe 15,650 16,284 14,946 15,733 19,092
Asia 10,869 14,386 14,851 16,216 20,156
Americas 5,034 5,788 4,476 4,701 6,336
Other Global 7,310 7,060 7,085 7,655 10,259
Non-U.S. 38,863 43,518 41,358 44,305 55,843
Total 67,953 76,554 74,196 79,619 95,215

Based on: 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).


Assets

GE Aerospace, assets by geographic area

US$ in millions

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
U.S. 105,676 126,005 130,956 148,963 143,534
Europe 38,899 36,603 42,213 58,301 70,565
Asia 7,988 11,317 11,534 20,630 22,089
Americas 5,875 6,405 6,406 10,795 13,435
Other Global 2,912 4,566 4,588 11,230 11,445
Non-U.S. 55,674 58,891 64,741 100,956 117,534
Total 161,350 184,896 195,697 249,919 261,068

Based on: 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).