Analysis of Long-term (Investment) Activity Ratios
Quarterly Data
Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.
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Long-term Activity Ratios (Summary)
General Motors Co., long-term (investment) activity ratios (quarterly data)
Based on: 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 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).
- Net Fixed Asset Turnover
- The net fixed asset turnover ratio shows a generally positive trend from the first recorded period in March 2020 through March 2025. Beginning at 2.89 in March 2020, the ratio experiences minor fluctuations but maintains an overall upward trajectory. After dipping slightly to 2.76 in March 2022, it recovers steadily and stabilizes around the 3.1 to 3.3 range in the subsequent years. The final observed value of 3.3 in March 2025 represents an improvement in asset utilization efficiency relative to the starting period.
- Total Asset Turnover
- The total asset turnover ratio starts at 0.46 in March 2020 and remains relatively stable through 2022, with a slight increase towards the end of that year. From 2023 onwards, the ratio demonstrates gradual growth, reaching 0.61 by March 2025. This indicates an enhanced ability to generate sales from total assets over the period, reflecting somewhat improved operational efficiency.
- Equity Turnover
- Equity turnover exhibits more variability compared to the other turnover ratios. Initially, the ratio declines from 2.41 in March 2020 to 1.86 in September 2021, signaling a reduction in net sales generated per unit of shareholder equity. However, it recovers from late 2021 onwards, with notable increases in 2024 and early 2025, peaking at 2.72 in March 2025. This rebound suggests an improved effectiveness in using equity capital to produce sales.
- Summary
- Across the analyzed periods, all three turnover ratios reveal meaningful trends of recovery and improvement following initial declines or stagnation. The net fixed asset turnover and total asset turnover demonstrate steady growth, indicating progressively efficient use of both fixed and total asset bases to generate sales. Equity turnover, despite its early drop, also recovers strongly, reflecting improved management of equity capital in later years. These patterns collectively suggest that operational performance and asset utilization have strengthened over time.
Net Fixed Asset Turnover
General Motors Co., net fixed asset turnover calculation (quarterly data)
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | 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 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Automotive net sales and revenue | ||||||||||||||||||||||||||||
| Property, net | ||||||||||||||||||||||||||||
| Long-term Activity Ratio | ||||||||||||||||||||||||||||
| Net fixed asset turnover1 | ||||||||||||||||||||||||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Net Fixed Asset Turnover, Competitors2 | ||||||||||||||||||||||||||||
| Ford Motor Co. | ||||||||||||||||||||||||||||
| Tesla Inc. | ||||||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 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).
1 Q1 2025 Calculation
Net fixed asset turnover
= (Automotive net sales and revenueQ1 2025
+ Automotive net sales and revenueQ4 2024
+ Automotive net sales and revenueQ3 2024
+ Automotive net sales and revenueQ2 2024)
÷ Property, net
= ( + + + )
÷ =
2 Click competitor name to see calculations.
- Automotive Net Sales and Revenue
- The automotive net sales and revenue exhibit significant fluctuations over the observed periods. There was a sharp decline from 29,150 million USD in March 2020 to 13,363 million USD in June 2020, likely reflecting an extraordinary event impacting sales. Subsequently, the revenue rebounded robustly to 34,093 million USD by December 2020. Throughout 2021, revenues showed volatility, declining to 23,426 million USD in September before recovering to 30,353 million in December.
- In 2022, revenue gradually increased, culminating at 39,834 million USD in December, continuing the rising trend into 2023 with a peak of 41,254 million USD in June. However, from the second half of 2023 through early 2025, a downward trend is evident with revenues dropping to 39,861 million USD by March 2025, after peaking around 44,735 million USD in September 2024. Overall, the data indicates recovery and growth post mid-2020 decline, followed by some recent moderation.
- Property, Net
- Property values demonstrated a consistent upward trend over the entire timeline. Starting at 37,969 million USD in March 2020, the net property values steadily increased each quarter, reaching 52,128 million USD by March 2025. There were no periods of decline, indicating ongoing investment or appreciation in property assets. The progression suggests continuous capital expenditure or asset revaluation over the five-year span.
- Net Fixed Asset Turnover
- Data for net fixed asset turnover begins in September 2020 with a ratio of 2.89, showing minor fluctuations thereafter. After a dip to 2.76 in March 2021, the ratio generally improved, reaching levels above 3.0 from June 2021 onwards. The turnover ratio peaked at 3.31 in September 2024 and slightly decreased to 3.30 in December 2024.
- This pattern suggests enhanced efficiency in utilizing fixed assets to generate revenue over time, especially post-2020. The steady rise to values exceeding 3.0 signifies improved asset management and possibly increased production capability or sales efficiency relative to the asset base.
Total Asset Turnover
General Motors Co., total asset turnover calculation (quarterly data)
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | 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 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Automotive net sales and revenue | ||||||||||||||||||||||||||||
| Total assets | ||||||||||||||||||||||||||||
| Long-term Activity Ratio | ||||||||||||||||||||||||||||
| Total asset turnover1 | ||||||||||||||||||||||||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Total Asset Turnover, Competitors2 | ||||||||||||||||||||||||||||
| Ford Motor Co. | ||||||||||||||||||||||||||||
| Tesla Inc. | ||||||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 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).
1 Q1 2025 Calculation
Total asset turnover
= (Automotive net sales and revenueQ1 2025
+ Automotive net sales and revenueQ4 2024
+ Automotive net sales and revenueQ3 2024
+ Automotive net sales and revenueQ2 2024)
÷ Total assets
= ( + + + )
÷ =
2 Click competitor name to see calculations.
The quarterly data reveals fluctuations and general trends over the observed periods in automotive net sales and revenue, total assets, and total asset turnover ratio. The analysis covers the period from the first quarter of 2020 through the first quarter of 2025.
- Automotive Net Sales and Revenue
- Automotive net sales and revenue exhibit significant variability quarter to quarter. Initial sales start at approximately 29.15 billion USD in Q1 2020, followed by a sharp decrease to around 13.36 billion USD in Q2 2020. This steep decline corresponds to the onset of external disruptions in early 2020. Subsequent quarters show recovery with intermittent fluctuations, peaking at 41.25 billion USD in Q3 2023. The trend suggests a general recovery and growth phase from 2021 onward, with occasional mild contractions in certain quarters such as Q4 2023 (39.26 billion USD) and Q1 2025 (39.86 billion USD). Despite periodic dips, the last several quarters indicate sustained strong revenue performance, generally ranging between 39 and 44 billion USD.
- Total Assets
- Total assets present a steady but moderate upward trend across the examined timeline. Starting from 246.62 billion USD in Q1 2020, total assets decline slightly through much of 2020, bottoming around 235.19 billion USD in Q4 2020. Beginning in early 2021, the asset base exhibits gradual growth, reaching a peak of approximately 289.29 billion USD in Q3 2024. A minor contraction follows in subsequent quarters, with assets stabilizing near 282 billion USD by Q1 2025. Overall, the company's asset expansion reflects ongoing investment or capital increases over the period, with minor short-term volatility.
- Total Asset Turnover Ratio
- The total asset turnover ratio, reflecting efficiency in utilizing assets to generate sales, demonstrates a generally upward trend from Q3 2020 onward, where initial ratios appear around 0.46. After a slight dip and stagnation near 0.46 to 0.49 through late 2020 and early 2021, the ratio climbs steadily through 2022 and 2023, finally stabilizing around 0.58 to 0.61 in the late quarters of 2024 and early 2025. This improvement suggests enhanced operational efficiency in leveraging the asset base to generate revenues. Higher turnover ratios indicate better asset utilization efficiency, pointing to positive operational management improvements over time.
In summary, the financial data indicates recovery from early 2020 disruptions, accompanied by increasing sales, incremental asset growth, and improving asset utilization efficiency. This trajectory suggests strengthening operational performance and effective asset management strategies implemented during the observed period.
Equity Turnover
General Motors Co., equity turnover calculation (quarterly data)
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | 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 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Automotive net sales and revenue | ||||||||||||||||||||||||||||
| Stockholders’ equity | ||||||||||||||||||||||||||||
| Long-term Activity Ratio | ||||||||||||||||||||||||||||
| Equity turnover1 | ||||||||||||||||||||||||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Equity Turnover, Competitors2 | ||||||||||||||||||||||||||||
| Ford Motor Co. | ||||||||||||||||||||||||||||
| Tesla Inc. | ||||||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 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).
1 Q1 2025 Calculation
Equity turnover
= (Automotive net sales and revenueQ1 2025
+ Automotive net sales and revenueQ4 2024
+ Automotive net sales and revenueQ3 2024
+ Automotive net sales and revenueQ2 2024)
÷ Stockholders’ equity
= ( + + + )
÷ =
2 Click competitor name to see calculations.
- Automotive net sales and revenue
- Sales and revenue exhibited significant volatility throughout the observed period. Starting from a strong position of $29,150 million at the end of Q1 2020, there was a sharp decline to $13,363 million by Q2 2020, likely reflecting an extraordinary external disruption. Subsequently, sales rebounded sharply, reaching $34,093 million by Q4 2020. In 2021, net sales showed a fluctuating trend with a low of $23,426 million in Q3, followed by a recovery to approximately $30,353 million in Q4. From 2022 onwards, sales steadily improved, peaking at $44,735 million in Q3 2024. The last reported quarter, Q1 2025, showed a moderate decline to $39,861 million, indicating some volatility but overall a strong recovery relative to early 2020 levels.
- Stockholders’ equity
- Equity levels demonstrated a generally upward trajectory during the period. Initial values near $40,113 million in Q1 2020 declined slightly during the middle of 2020 but then increased consistently, peaking at $74,475 million in Q3 2023. Equity experienced a notable dip in early 2024, with values reducing to $63,072 million by Q1 2025. This decline may suggest share repurchases, dividends, or valuation adjustments. Despite these fluctuations late in the period, overall equity has grown significantly compared to the start.
- Equity turnover ratio
- The equity turnover ratio, available from Q3 2020, shows a general downward trend until mid-2022, with ratios declining from around 2.41 to a trough near 1.86. This suggests a decreasing rate of revenue generation per unit of equity during this time. However, from late 2022 onward, the ratio recovered and exhibited an upward trend, reaching levels above 2.6 by early 2025. This reflects improved efficiency in utilizing equity to generate revenue.