Discontinued — last reported Q1 '24
Business Segments · Current contract assets (Note 9)
Renewable Energy — Current contract assets (Note 9)
General Electric Renewable Energy — Current contract assets (Note 9) increased by 18.5% to $1.63B in Q1 2024 compared to the prior quarter. Year-over-year, this metric grew by 43.1%, from $1.14B to $1.63B. Over 2 years (FY 2021 to FY 2023), Renewable Energy — Current contract assets (Note 9) shows a downward trend with a -7.1% CAGR.
Analysis
StatementSegment
CategoryLiquidity
SignalContext dependent
VolatilityModerate
First reportedQ4 2020
Last reportedQ1 2024
Rolls up toContract Assets
How to read this metric
Rising levels may indicate aggressive revenue recognition relative to billing milestones or delays in project invoicing.
Detailed definition
Reflects the current portion of assets recognized for performance obligations satisfied in the renewable energy segment...
Peer comparison
Comparable to 'Contract Assets' reported under ASC 606 by industrial and construction peers.
Metric ID:
ge_segment_renewable_energy_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 | $1.44B | $1.45B | $1.38B | $1.34B | $1.23B | $1.10B | $1.06B | $1.14B | $1.15B | $1.18B | $1.37B | $1.63B |
| QoQ Change | — | +0.6% | -4.3% | -3.0% | -8.3% | -10.6% | -3.5% | +7.1% | +1.4% | +2.3% | +16.3% | +18.5% |
| YoY Change | — | — | — | — | -14.3% | -23.8% | -23.2% | -15.3% | -6.3% | +7.2% | +29.3% | +43.1% |
Range$1.06B – $1.63B
CAGR+4.6%
Avg YoY Growth-0.4%
Median YoY Growth-10.3%
Current Streak5 quarters growth
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Frequently Asked Questions
- What is General Electric's renewable energy — current contract assets (note 9)?
- General Electric (GE) reported renewable energy — current contract assets (note 9) of $1.63B in Q1 2024.
- How has General Electric's renewable energy — current contract assets (note 9) changed year-over-year?
- General Electric's renewable energy — current contract assets (note 9) increased by 43.1% year-over-year, from $1.14B to $1.63B.
- What is the long-term trend for General Electric's renewable energy — current contract assets (note 9)?
- Over 2 years (2021 to 2023), General Electric's renewable energy — current contract assets (note 9) has grown at a -7.1% compound annual growth rate (CAGR), from $5.62B to $4.85B.
- What does renewable energy — current contract assets (note 9) mean?
- Current assets representing revenue earned from contracts that have not yet reached the contractual billing milestone.