GE Aerospace (XPAR:GNE) Receivables Turnover : 0.94 (As of Mar. 2024)

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What is GE Aerospace Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. GE Aerospace's Revenue for the three months ended in Mar. 2024 was €14,769 Mil. GE Aerospace's average Accounts Receivable for the three months ended in Mar. 2024 was €15,650 Mil. Hence, GE Aerospace's Receivables Turnover for the three months ended in Mar. 2024 was 0.94.

GE Aerospace Receivables Turnover Historical Data

The historical data trend for GE Aerospace's Receivables Turnover 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 Aerospace Receivables Turnover Chart

GE Aerospace Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Receivables Turnover

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3.20

2.85

2.67

3.11

3.81

GE Aerospace Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															0.84	1.00	1.05	1.14	0.94

Competitive Comparison of GE Aerospace's Receivables Turnover

For the Aerospace & Defense subindustry, GE Aerospace's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

GE Aerospace's Receivables Turnover Distribution in the Aerospace & Defense Industry

For the Aerospace & Defense industry and Industrials sector, GE Aerospace's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where GE Aerospace's Receivables Turnover falls into.

GE Aerospace Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

GE Aerospace's Receivables Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Receivables Turnover (A: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2023 )	/ (	(Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )
=	62313.818	/ (	(16760.72	+	15985.144)	/	2 )
=	62313.818	/	16372.932
=	3.81

GE Aerospace's Receivables Turnover for the quarter that ended in Mar. 2024 is calculated as

	Receivables Turnover (Q: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Mar. 2024 )	/ (	(Accounts Receivable (Q: Dec. 2023 )	+	Accounts Receivable (Q: Mar. 2024 ))	/	count )
=	14768.76	/ (	(15985.144	+	15315.24)	/	2 )
=	14768.76	/	15650.192
=	0.94

GE Aerospace (XPAR:GNE) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

GE Aerospace Receivables Turnover Related Terms

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GE Aerospace (XPAR:GNE) Business Description

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Address

5 Necco Street, Boston, MA, USA, 02210

Website

https://www.ge.com

GE was formed through the combination of two companies in 1892, including one with historical ties to American inventor Thomas Edison. Today, GE is a global leader in air travel and in the energy transition. The company is known for its differentiated technology and its massive industrial installed base of equipment sprawled throughout the world. That installed base most notably includes aerospace engines, gas and steam turbines, and onshore and offshore wind turbines. GE earns most of its profits on the service revenue of that equipment, which is generally higher-margin. The company is led by Danaher alumnus Larry Culp, who is leading a multiyear turnaround of the conglomerate based on lean principles.