Renewable Energy — Equity method income
General Electric Renewable Energy — Equity method income remained flat by 0.0% to $18.50M in Q4 2023 compared to the prior quarter. Year-over-year, this metric grew by 131.3%, from $8.00M to $18.50M. Over 2 years (FY 2021 to FY 2023), Renewable Energy — Equity method income shows an upward trend with a 37.7% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase indicates stronger performance from partner-led projects, while a decrease suggests underperformance or losses in those joint ventures.
Detailed definition
Represents the company's proportionate share of net income or loss from investments in entities where it exercises signi...
Peer comparison
Common in industrial sectors with heavy reliance on joint ventures; peers typically report this as equity earnings.
ge_segment_renewable_energy_equity_method_incomeHistorical Data
| FY'21 | FY'22 | FY'23 | |
|---|---|---|---|
| Value | $39.00M | $32.00M | $74.00M |
| YoY Change | — | -17.9% | +131.3% |
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Frequently Asked Questions
- What is General Electric's renewable energy — equity method income?
- General Electric (GE) reported renewable energy — equity method income of $18.50M in Q4 2023.
- How has General Electric's renewable energy — equity method income changed year-over-year?
- General Electric's renewable energy — equity method income increased by 131.3% year-over-year, from $8.00M to $18.50M.
- What is the long-term trend for General Electric's renewable energy — equity method income?
- Over 2 years (2021 to 2023), General Electric's renewable energy — equity method income has grown at a 37.7% compound annual growth rate (CAGR), from $39.00M to $74.00M.
- What does renewable energy — equity method income mean?
- The company's share of profits or losses from its non-controlled joint ventures and partnerships.