Discontinued — last reported Q1 '23
Products & Services · Progress collections
Equipment — Progress collections
General Electric Equipment — Progress collections increased by 3.7% to $6.75B in Q1 2023 compared to the prior quarter. Year-over-year, this metric grew by 16.0%, from $5.82B to $6.75B. 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 2023
Rolls up toProgress collections (Note 8)
How to read this metric
Higher levels of progress collections improve liquidity and indicate strong customer demand and favorable contract terms.
Detailed definition
This metric tracks the cash received from customers in advance of the company fulfilling its performance obligations, of...
Peer comparison
Comparable to 'customer advances' or 'deferred revenue' in industries with long production cycles.
Metric ID:
ge_segment_equipment_progress_collectionsHistorical Data
6 periods
| Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | |
|---|---|---|---|---|---|---|
| Value | $7.18B | $5.82B | $5.75B | $5.55B | $6.51B | $6.75B |
| QoQ Change | — | -19.0% | -1.1% | -3.5% | +17.4% | +3.7% |
| YoY Change | — | — | — | — | -9.4% | +16.0% |
Range$5.55B – $7.18B
CAGR-4.8%
Avg YoY Growth+3.3%
Median YoY Growth+3.3%
Current Streak2 quarters growth
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Frequently Asked Questions
- What is General Electric's equipment — progress collections?
- General Electric (GE) reported equipment — progress collections of $6.75B in Q1 2023.
- How has General Electric's equipment — progress collections changed year-over-year?
- General Electric's equipment — progress collections increased by 16.0% year-over-year, from $5.82B to $6.75B.
- What does equipment — progress collections mean?
- Cash collected from customers before the work is fully completed or delivered.