Discontinued — last reported Q1 '24
Business Segments · Current contract assets (Note 9)
Aerospace — Current contract assets (Note 9)
General Electric Aerospace — Current contract assets (Note 9) decreased by 4.4% to -$5.25B in Q1 2024 compared to the prior quarter. Year-over-year, this metric declined by 24.9%, from -$4.20B to -$5.25B. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
StatementSegment
CategoryLiquidity
SignalHigher is better
VolatilityModerate
First reportedQ4 2021
Last reportedQ1 2024
Rolls up toContract Assets
How to read this metric
Higher levels indicate significant ongoing project activity that will convert to cash upon milestone completion.
Detailed definition
The total value of current assets recognized under customer contracts where revenue has been earned but the right to pay...
Peer comparison
Standard accounting metric for companies using percentage-of-completion revenue recognition.
Metric ID:
ge_segment_aerospace_current_contract_assets_note_9Historical Data
9 periods
| Q4 '21 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | |
|---|---|---|---|---|---|---|---|---|---|
| Value | -$2.88B | -$3.23B | -$3.59B | -$3.88B | -$4.20B | -$4.60B | -$4.69B | -$5.03B | -$5.25B |
| QoQ Change | — | -12.0% | -11.2% | -8.3% | -8.2% | -9.4% | -1.9% | -7.3% | -4.4% |
| YoY Change | — | — | — | -34.8% | — | -42.6% | -30.8% | -29.5% | -24.9% |
Range-$5.25B – -$2.88B
CAGR+35.0%
Avg YoY Growth-32.5%
Median YoY Growth-30.8%
Current Streak8+ quarters decline
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Frequently Asked Questions
- What is General Electric's aerospace — current contract assets (note 9)?
- General Electric (GE) reported aerospace — current contract assets (note 9) of -$5.25B in Q1 2024.
- How has General Electric's aerospace — current contract assets (note 9) changed year-over-year?
- General Electric's aerospace — current contract assets (note 9) decreased by 24.9% year-over-year, from -$4.20B to -$5.25B.
- What does aerospace — current contract assets (note 9) mean?
- Current assets representing earned revenue that is not yet billable to the customer.