Discontinued — last reported Q1 '24
Business Segments · Current contract assets (Note 9)
Power — Current contract assets (Note 9)
General Electric Power — Current contract assets (Note 9) decreased by 0.1% to $4.89B in Q1 2024 compared to the prior quarter. Year-over-year, this metric declined by 2.9%, from $5.03B to $4.89B. Over 2 years (FY 2021 to FY 2023), Power — Current contract assets (Note 9) shows a downward trend with a -7.5% CAGR.
Analysis
StatementSegment
CategoryLiquidity
SignalContext dependent
VolatilityModerate
First reportedQ4 2020
Last reportedQ1 2024
Rolls up toContract Assets
How to read this metric
Increases indicate significant progress on long-term projects, while decreases may signal project completion or billing milestones being reached.
Detailed definition
This metric tracks the current portion of assets recognized for performance obligations satisfied over time that are not...
Peer comparison
Comparable to unbilled contract assets reported by engineering and construction or aerospace firms.
Metric ID:
ge_segment_power_current_contract_assets_note_9Historical Data
12 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $6.04B | $6.13B | $5.67B | $5.34B | $5.47B | $5.37B | $5.04B | $5.03B | $5.21B | $5.12B | $4.89B | $4.89B |
| QoQ Change | — | +1.4% | -7.5% | -5.8% | +2.5% | -2.0% | -6.0% | -0.2% | +3.5% | -1.7% | -4.4% | -0.1% |
| YoY Change | — | — | — | — | -9.4% | -12.4% | -11.0% | -5.8% | -4.8% | -4.6% | -3.0% | -2.9% |
Range$4.89B – $6.13B
CAGR-7.4%
Avg YoY Growth-6.7%
Median YoY Growth-5.3%
Current Streak3 quarters decline
Similar Metrics at Other Companies
Frequently Asked Questions
- What is General Electric's power — current contract assets (note 9)?
- General Electric (GE) reported power — current contract assets (note 9) of $4.89B in Q1 2024.
- How has General Electric's power — current contract assets (note 9) changed year-over-year?
- General Electric's power — current contract assets (note 9) decreased by 2.9% year-over-year, from $5.03B to $4.89B.
- What is the long-term trend for General Electric's power — current contract assets (note 9)?
- Over 2 years (2021 to 2023), General Electric's power — current contract assets (note 9) has grown at a -7.5% compound annual growth rate (CAGR), from $23.69B to $20.26B.
- What does power — current contract assets (note 9) mean?
- Current assets representing revenue earned on contracts that cannot be billed until specific future conditions are met.