Stock Analysis on Net
Stock Analysis on Net

General Motors Co. (NYSE:GM)

Analysis of Long-term (Investment) Activity Ratios
Quarterly Data

Microsoft Excel

Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.

Long-term Activity Ratios (Summary)

General Motors Co., long-term (investment) activity ratios (quarterly data)

Microsoft Excel
Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Net fixed asset turnover 3.12 3.13 3.20 3.26 3.15 3.18 3.14 2.84 2.81 2.76 2.96 3.24 2.87 2.89 2.75 2.74 3.18 3.17 — — —
Total asset turnover 0.58 0.58 0.56 0.57 0.55 0.55 0.52 0.47 0.47 0.46 0.49 0.52 0.46 0.46 0.42 0.43 0.49 0.54 — — —
Equity turnover 2.41 2.45 2.12 2.18 2.12 2.12 2.06 1.86 1.89 1.90 2.17 2.44 2.25 2.41 2.35 2.58 3.01 2.94 — — —

Based on: 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

Long-term activity ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. General Motors Co. net fixed asset turnover ratio deteriorated from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024.
Total asset turnover An activity ratio calculated as total revenue divided by total assets. General Motors Co. total asset turnover ratio improved from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024.
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. General Motors Co. equity turnover ratio improved from Q3 2023 to Q4 2023 but then slightly deteriorated from Q4 2023 to Q1 2024.

Net Fixed Asset Turnover

General Motors Co., net fixed asset turnover calculation (quarterly data)

Microsoft Excel
Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Selected Financial Data (US$ in millions)
Automotive net sales and revenue 39,212 39,260 40,498 41,254 36,646 39,834 38,703 32,614 32,824 30,353 23,426 30,744 29,067 34,093 32,067 13,363 29,150 27,194 31,817 32,425 31,261
Property, net 51,423 50,321 49,399 47,941 46,895 45,248 42,795 41,943 41,708 41,115 39,637 38,822 37,797 37,632 36,989 37,066 37,969 38,750 37,969 38,188 38,336
Long-term Activity Ratio
Net fixed asset turnover1 3.12 3.13 3.20 3.26 3.15 3.18 3.14 2.84 2.81 2.76 2.96 3.24 2.87 2.89 2.75 2.74 3.18 3.17 — — —
Benchmarks
Net Fixed Asset Turnover, Competitors2
Ford Motor Co. 4.11 4.06 4.18 4.17 4.11 4.00 4.01 3.84 3.41 3.40 3.39 3.42 3.25 3.13 3.31 3.36 3.90 3.94 — — —
Tesla Inc. 3.01 3.26 3.46 3.56 3.45 3.46 3.41 3.18 3.11 2.85 2.71 2.67 2.59 2.47 2.38 2.34 2.45 2.36 — — —

Based on: 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Q1 2024 Calculation
Net fixed asset turnover = (Automotive net sales and revenueQ1 2024 + Automotive net sales and revenueQ4 2023 + Automotive net sales and revenueQ3 2023 + Automotive net sales and revenueQ2 2023) ÷ Property, net
= (39,212 + 39,260 + 40,498 + 41,254) ÷ 51,423 = 3.12

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Net fixed asset turnover An activity ratio calculated as total revenue divided by net fixed assets. General Motors Co. net fixed asset turnover ratio deteriorated from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024.

Total Asset Turnover

General Motors Co., total asset turnover calculation (quarterly data)

Microsoft Excel
Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Selected Financial Data (US$ in millions)
Automotive net sales and revenue 39,212 39,260 40,498 41,254 36,646 39,834 38,703 32,614 32,824 30,353 23,426 30,744 29,067 34,093 32,067 13,363 29,150 27,194 31,817 32,425 31,261
Total assets 276,591 273,064 281,705 275,833 267,004 264,037 260,529 253,517 251,492 244,718 238,557 241,803 238,411 235,194 239,671 237,535 246,624 228,037 231,529 233,737 233,132
Long-term Activity Ratio
Total asset turnover1 0.58 0.58 0.56 0.57 0.55 0.55 0.52 0.47 0.47 0.46 0.49 0.52 0.46 0.46 0.42 0.43 0.49 0.54 — — —
Benchmarks
Total Asset Turnover, Competitors2
Ford Motor Co. 0.61 0.61 0.61 0.60 0.61 0.58 0.58 0.56 0.49 0.49 0.49 0.51 0.45 0.43 0.46 0.44 0.52 0.56 — — —
Tesla Inc. 0.87 0.91 1.02 1.04 0.99 0.99 1.01 0.98 0.94 0.87 0.81 0.76 0.68 0.60 0.62 0.67 0.70 0.72 — — —

Based on: 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Q1 2024 Calculation
Total asset turnover = (Automotive net sales and revenueQ1 2024 + Automotive net sales and revenueQ4 2023 + Automotive net sales and revenueQ3 2023 + Automotive net sales and revenueQ2 2023) ÷ Total assets
= (39,212 + 39,260 + 40,498 + 41,254) ÷ 276,591 = 0.58

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Total asset turnover An activity ratio calculated as total revenue divided by total assets. General Motors Co. total asset turnover ratio improved from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024.

Equity Turnover

General Motors Co., equity turnover calculation (quarterly data)

Microsoft Excel
Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Selected Financial Data (US$ in millions)
Automotive net sales and revenue 39,212 39,260 40,498 41,254 36,646 39,834 38,703 32,614 32,824 30,353 23,426 30,744 29,067 34,093 32,067 13,363 29,150 27,194 31,817 32,425 31,261
Stockholders’ equity 66,598 64,286 74,475 71,655 69,877 67,792 65,268 63,954 62,095 59,744 54,150 51,669 48,343 45,030 43,341 39,304 40,113 41,792 44,554 42,816 40,765
Long-term Activity Ratio
Equity turnover1 2.41 2.45 2.12 2.18 2.12 2.12 2.06 1.86 1.89 1.90 2.17 2.44 2.25 2.41 2.35 2.58 3.01 2.94 — — —
Benchmarks
Equity Turnover, Competitors2
Ford Motor Co. 3.89 3.88 3.71 3.67 3.68 3.45 3.39 3.14 2.78 2.60 3.39 3.63 3.49 3.78 3.60 3.85 4.65 4.33 — — —
Tesla Inc. 1.47 1.55 1.79 1.84 1.79 1.82 1.88 1.85 1.82 1.78 1.73 1.69 1.56 1.42 1.76 2.61 2.84 3.71 — — —

Based on: 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Q1 2024 Calculation
Equity turnover = (Automotive net sales and revenueQ1 2024 + Automotive net sales and revenueQ4 2023 + Automotive net sales and revenueQ3 2023 + Automotive net sales and revenueQ2 2023) ÷ Stockholders’ equity
= (39,212 + 39,260 + 40,498 + 41,254) ÷ 66,598 = 2.41

2 Click competitor name to see calculations.

Long-term activity ratio Description The company
Equity turnover An activity ratio calculated as total revenue divided by shareholders’ equity. General Motors Co. equity turnover ratio improved from Q3 2023 to Q4 2023 but then slightly deteriorated from Q4 2023 to Q1 2024.