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General Electric Company  (GE)
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General Electric's ROA from the fourth quarter of 2023 to the fourth quarter of 2022 and 5 Year Period

Return on Assets, Quarterly Results, Trends, Rankings, Statistics


What is General Electric's ROA in the fourth quarter of 2023?
General Electric Company achieved a return on average assets (ROA) of 5.84 % in its fourth quarter of 2023, this is above GE's average return on assets of 0.98%.
General Electric Companys assets during the 12 months ending in the fourth quarter of 2023 are valued at $161 billion

ROA fell compared to the third quarter of 2023, despite the net income growth of 374.93% from the third quarter of 2023.

However, within the Consumer Discretionary sector 37 other companies had a higher return on assets. While Return on assets, overall ranking has advanced in the Dec 31 2023 quarter, so far to 632, from total ROA ranking in the third quarter of 2023 at 1011.

What is ROA?


Return On Assets (Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Total Assets Change -13.18 % -13.39 % -12.15 % -14.32 % -5.57 %
Y / Y Net Income Change -28.88 % - - - -
Net Income (TTM) in million 9,443 10,089 9,594 8,784 292
Return On Assets (TTM) 5.84 % 6.01 % 5.51 % 4.89 % 0.16 %
GE's Total Ranking # 632 # 1011 # 1131 # 1269 # 3116
Total Assets (TTM) in million 163,045 156,662 163,006 164,472 187,788
Seq. Total Assets Change 4.07 % -3.89 % -0.89 % -12.42 % 3.82 %
Seq. Net Income Change 374.93 % 758.97 % -99.48 % 234.29 % -



Return On Assets Company Ranking
Within: No.
Industry # 4
Sector # 38
Overall # 630

Return On Assets Statistics
High Average Low
6.01 %
0.98 %
-9.49 %
(Sep 30 2023)   (Sep 30 2018)





Financial Statements
General Electric's Assets $ 163,045 million GE's Balance sheet
General Electric's Income $ 1,591 million Quarterly GE's Income Statement
GE's Income by Division See GE's Income by Division



Annual Return On Assets (Dec 31 2023)
FY 2023
(Dec 31 2022)
FY 2022
(Dec 31 2021)
FY 2021
(Dec 31 2020)
FY 2020
(Dec 31 2019)
FY 2019
Y / Y Total Assets Change -13.18 % -5.57 % -20.98 % -5.4 % -3.36 %
Total Assets in million 163,045 187,788 198,874 251,681 266,048
Y / Y Net Income Change 3133.9 % - - - -
Net Income in million 9,443 292 -6,591 5,546 -4,912
Return On Assets 5.79 % 0.16 % -3.31 % 2.2 % -1.85 %




Comment on GE's ROA in the fiscal year ending 2023
In the fiscal year 2023 ROA improved to 5.79 % compared to prior year, due to annual net income growth of 3133.9 % to $9,443.00 million, and due to decline of value in General Electric's assets by -13.18 % to $163,045.00 million, compared to $163,045.00 a year before.


More Return On Assets Ratios
GE's' Return on Assets at Yahoo Finance
Electric & Wiring Equipment Industry Return On Assets Trends and Statistics
Consumer Discretionary Sector Roa Statistics
Roa Trends for overall market
GE's Roa Ratio versus Electric & Wiring Equipment Industry, Consumer Discretionary Sector and overall Market
Highest Ranking Return On Assets
Lowest Ranking Return On Assets
Roa for GE's Competitors
Roa for General Electric's Suppliers
Return On Assets for GE's Customers

You may also want to know
GE's Roi GE's Inventory Turnover Ratio GE's Growth Rates GE's Dividend Comparisons
GE's Profitability Ratios GE's Asset Turnover Ratio GE's Dividend Growth
GE's Roe GE's Valuation Ratios GE's Financial Strength Ratios GE's Dividend Payout Ratio



Companies with similar Return On Assets at Dec 31 2023, within Consumer Discretionary Sector ROA
Tesla Inc   15.85 %
Ferrari N v   15.62 %
Gildan Activewear Inc   15.18 %
Te Connectivity ltd   15.08 %
Yeti Holdings inc   14.95 %
Otis Worldwide Corporation  14.80 %
Kontoor Brands Inc   14.16 %
Nike Inc   14.15 %
Aptiv Plc  12.90 %
Eaco Corp  11.76 %
Modine Manufacturing Co  11.07 %
Ethan Allen Interiors Inc   10.87 %
Acuity Brands Inc   10.86 %
Tapestry Inc   10.59 %
Carter s Inc  10.03 %
Federal Signal Corporation  9.66 %
Stellantis N v   9.21 %
Lsi Industries Inc   9.19 %
Bwx Technologies Inc   8.97 %
Columbia Sportswear Company  8.81 %
Ralph Lauren Corporation  8.59 %
Under Armour Inc   8.26 %
Tempur Sealy International Inc   8.14 %
Masterbrand Inc   7.51 %
Compass Diversified Holdings  6.91 %
Brunswick Corporation  6.72 %
Fox Factory Holding Corp   6.42 %
Lkq Corporation  6.36 %
Albany International Corp   6.35 %
La z boy Incorporated  6.33 %


Date modified: 2024-02-03T10:25:38+00:00


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