Total Asset Turnover
since 2010
Calculation
General Motors Co., total asset turnover, long-term trends, calculation
| Total asset turnover | = | Automotive sales and revenue1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|
| Dec 31, 2024 | 0.61 | = | 171,606) | ÷ | 279,761) |
| Dec 31, 2023 | 0.58 | = | 157,658) | ÷ | 273,064) |
| Dec 31, 2022 | 0.55 | = | 143,975) | ÷ | 264,037) |
| Dec 31, 2021 | 0.46 | = | 113,590) | ÷ | 244,718) |
| Dec 31, 2020 | 0.46 | = | 108,673) | ÷ | 235,194) |
| Dec 31, 2019 | 0.54 | = | 122,697) | ÷ | 228,037) |
| Dec 31, 2018 | 0.59 | = | 133,045) | ÷ | 227,339) |
| Dec 31, 2017 | 0.63 | = | 133,449) | ÷ | 212,482) |
| Dec 31, 2016 | 0.71 | = | 156,849) | ÷ | 221,690) |
| Dec 31, 2015 | 0.75 | = | 145,922) | ÷ | 194,520) |
| Dec 31, 2014 | 0.85 | = | 151,092) | ÷ | 177,677) |
| Dec 31, 2013 | 0.91 | = | 152,092) | ÷ | 166,344) |
| Dec 31, 2012 | 1.01 | = | 150,295) | ÷ | 149,422) |
| Dec 31, 2011 | 1.03 | = | 148,866) | ÷ | 144,603) |
| Dec 31, 2010 | 0.97 | = | 135,311) | ÷ | 138,898) |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31).
1 US$ in millions
The analysis of the annual financial data reveals several notable trends concerning automotive sales and revenues, total assets, and total asset turnover ratios over the period presented.
- Automotive Sales and Revenue
- The automotive sales and revenue figures exhibit an overall upward trajectory with some fluctuations. Beginning at approximately $135.3 billion in 2010, sales increased steadily, peaking around 2016 with nearly $157 billion. Following this, there was a marked decline until 2019, dropping to approximately $122.7 billion. However, sales recovered significantly thereafter, reaching around $171.6 billion by 2024. This suggests that despite intermediate challenges, there has been strong long-term revenue growth.
- Total Assets
- Total assets show a consistent increase over the timeframe, growing from about $138.9 billion in 2010 to nearly $279.8 billion by 2024. The asset base expanded nearly twofold, reflecting considerable investment or acquisition activities. The increase in total assets appears to be steady, with no sharp declines, indicating sustained capital growth and asset accumulation throughout the period.
- Total Asset Turnover
- The total asset turnover ratio, which measures efficiency in using assets to generate sales, shows a different trend. Starting close to 0.97 in 2010, the ratio trended downward, declining steadily to a low of approximately 0.46 in 2019 and 2020. This decline suggests decreasing efficiency in asset utilization during that period. From 2021 onward, there is a moderate recovery in the ratio, reaching about 0.61 by 2024, though it remains below the levels observed at the beginning of the timeframe. This indicates an improvement in operational efficiency but not a full return to previous performance levels.
In summary, while the company has expanded its asset base markedly, the efficiency of asset use in generating revenue declined substantially over the middle years before showing signs of recovery. The pattern in automotive sales and revenue is broadly consistent with these observations, reflecting periods of both contraction and growth aligned with changes in asset turnover efficiency. The data suggests a period of restructuring or strategic investment leading to reduced turnover ratios, followed by efforts toward enhancing asset utilization and driving sales higher in recent years.
Comparison to Competitors
General Motors Co., total asset turnover, long-term trends, comparison to competitors
| General Motors Co. | Ford Motor Co. | Tesla Inc. | |
|---|---|---|---|
| Dec 31, 2024 | 0.61 | 0.61 | 0.80 |
| Dec 31, 2023 | 0.58 | 0.61 | 0.91 |
| Dec 31, 2022 | 0.55 | 0.58 | 0.99 |
| Dec 31, 2021 | 0.46 | 0.49 | 0.87 |
| Dec 31, 2020 | 0.46 | 0.43 | 0.60 |
| Dec 31, 2019 | 0.54 | 0.56 | 0.72 |
| Dec 31, 2018 | 0.59 | 0.58 | 0.72 |
| Dec 31, 2017 | 0.63 | 0.56 | 0.41 |
| Dec 31, 2016 | 0.71 | 0.59 | 0.31 |
| Dec 31, 2015 | 0.75 | 0.62 | 0.50 |
| Dec 31, 2014 | 0.85 | 0.65 | 0.55 |
| Dec 31, 2013 | 0.91 | 0.69 | 0.83 |
| Dec 31, 2012 | 1.01 | 0.66 | 0.37 |
| Dec 31, 2011 | 1.03 | 0.72 | 0.29 |
| Dec 31, 2010 | 0.97 | 0.72 | 0.30 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31).
Comparison to Sector (Automobiles & Components)
General Motors Co., total asset turnover, long-term trends, comparison to sector (automobiles & components)
| General Motors Co. | Automobiles & Components | |
|---|---|---|
| Dec 31, 2024 | 0.61 | 0.64 |
| Dec 31, 2023 | 0.58 | 0.64 |
| Dec 31, 2022 | 0.55 | 0.62 |
| Dec 31, 2021 | 0.46 | 0.52 |
| Dec 31, 2020 | 0.46 | 0.46 |
| Dec 31, 2019 | 0.54 | 0.56 |
| Dec 31, 2018 | 0.59 | 0.59 |
| Dec 31, 2017 | 0.63 | 0.58 |
| Dec 31, 2016 | 0.71 | 0.63 |
| Dec 31, 2015 | 0.75 | 0.68 |
| Dec 31, 2014 | 0.85 | 0.74 |
| Dec 31, 2013 | 0.91 | 0.79 |
| Dec 31, 2012 | 1.01 | 0.81 |
| Dec 31, 2011 | 1.03 | 0.85 |
| Dec 31, 2010 | 0.97 | 0.83 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31).
Comparison to Industry (Consumer Discretionary)
General Motors Co., total asset turnover, long-term trends, comparison to industry (consumer discretionary)
| General Motors Co. | Consumer Discretionary | |
|---|---|---|
| Dec 31, 2024 | 0.61 | 0.94 |
| Dec 31, 2023 | 0.58 | 0.97 |
| Dec 31, 2022 | 0.55 | 0.96 |
| Dec 31, 2021 | 0.46 | 0.88 |
| Dec 31, 2020 | 0.46 | 0.84 |
| Dec 31, 2019 | 0.54 | 0.94 |
| Dec 31, 2018 | 0.59 | 0.96 |
| Dec 31, 2017 | 0.63 | 0.93 |
| Dec 31, 2016 | 0.71 | 0.96 |
| Dec 31, 2015 | 0.75 | 0.98 |
| Dec 31, 2014 | 0.85 | 1.02 |
| Dec 31, 2013 | 0.91 | 1.04 |
| Dec 31, 2012 | 1.01 | 1.06 |
| Dec 31, 2011 | 1.03 | 1.08 |
| Dec 31, 2010 | 0.97 | 1.04 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31).