Discontinued — last reported Q1 '24
Business Segments · Customer advances and other
Aerospace — Customer advances and other
General Electric Aerospace — Customer advances and other increased by 0.5% to $2.35B in Q1 2024 compared to the prior quarter. Year-over-year, this metric declined by 1.5%, from $2.39B to $2.35B. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
StatementSegment
CategoryLiquidity
SignalHigher is better
VolatilityModerate
First reportedQ4 2021
Last reportedQ1 2024Apr 23, 2024
Rolls up toCustomer Advances (Current)
How to read this metric
An increase indicates strong customer demand and provides a source of interest-free working capital.
Detailed definition
Cash received from customers in advance of the delivery of goods or the performance of services. This represents a liabi...
Peer comparison
Similar to deferred revenue or customer deposits in other capital-intensive industries.
Metric ID:
ge_segment_aerospace_customer_advances_and_otherHistorical Data
9 periods
| Q4 '21 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | |
|---|---|---|---|---|---|---|---|---|---|
| Value | $2.62B | $2.62B | $2.65B | $2.52B | $2.39B | $2.37B | $2.34B | $2.34B | $2.35B |
| QoQ Change | — | +0.2% | +1.1% | -5.1% | -5.2% | -0.8% | -1.1% | -0.1% | +0.5% |
| YoY Change | — | — | — | -3.9% | — | -9.6% | -11.7% | -7.0% | -1.5% |
Range$2.34B – $2.65B
CAGR-5.2%
Avg YoY Growth-6.7%
Median YoY Growth-7.0%
Similar Metrics at Other Companies
Frequently Asked Questions
- What is General Electric's aerospace — customer advances and other?
- General Electric (GE) reported aerospace — customer advances and other of $2.35B in Q1 2024.
- How has General Electric's aerospace — customer advances and other changed year-over-year?
- General Electric's aerospace — customer advances and other decreased by 1.5% year-over-year, from $2.39B to $2.35B.
- What does aerospace — customer advances and other mean?
- Prepayments received from customers for future work or equipment deliveries.