GE Vernova (GE Vernova) ROCE % : -1.82% (As of Mar. 2024)

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What is GE Vernova ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. GE Vernova's annualized ROCE % for the quarter that ended in Mar. 2024 was -1.82%.

GE Vernova ROCE % Historical Data

The historical data trend for GE Vernova's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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GE Vernova ROCE % Chart

GE Vernova Annual Data

Trend

Dec21

Dec22

Dec23

ROCE %

-12.61

0.12

GE Vernova Quarterly Data
	Dec21	Dec22	Mar23	Dec23	Mar24
ROCE %	-	-	-8.55	-	-1.82

GE Vernova ROCE % Calculation

GE Vernova's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	22	/	( ( (44471 - 26042)	+	(47194 - 29430) )	/ 2 )
	=	22	/	( (18429	+	17764)	/ 2 )
	=	22	/	18096.5
	=	0.12 %

GE Vernova's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	-328	/	( ( (47194 - 29430)	+	(47872 - 29516) )	/ 2 )
	=	-328	/	( ( 17764	+	18356 )	/ 2 )
	=	-328	/	18060
	=	-1.82 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

GE Vernova (NYSE:GEV) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

GE Vernova ROCE % Related Terms

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GE Vernova (GE Vernova) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » GE Vernova Inc (NYSE:GEV) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

Y5C:Germany

Address

58 Charles Street, Cambridge, MA, USA

Website

https://www.gevernova.com

GE Vernova operates through its subsidiaries is a purpose-built global energy company spanning the power, wind and electrification segments, supported by advanced research, consulting and financial services accelerators. It helps customers improve energy efficiency and deliver electricity that is critical to improving health, safety and quality of life.

GE Vernova (GE Vernova) Headlines

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GE Vernova to Announce First Quarter 2024 Financial Results on April 25

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