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, 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
| 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
| 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
| 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
| 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
| 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
| 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
| 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).