Stock Analysis on Net

General Motors Co. (NYSE:GM)

Analysis of Short-term (Operating) Activity Ratios 
Quarterly Data

Microsoft Excel

Short-term Activity Ratios (Summary)

General Motors Co., short-term (operating) activity ratios (quarterly data)

Microsoft Excel
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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Turnover Ratios
Inventory turnover 8.56 8.24 8.16 8.59 7.85 7.66 7.31 8.26 7.32 6.33 7.06 7.74 7.10 8.38 7.95 9.53 8.53 9.17 10.11 10.64
Receivables turnover 12.14 12.16 11.63 12.74 11.36 11.12 10.79 10.80 9.59 9.60 9.82 15.36 14.50 15.42 11.90 13.52 10.24 12.78 16.00 18.05
Payables turnover 5.00 5.04 4.87 5.03 4.58 4.60 4.49 4.62 4.46 4.12 4.15 4.93 5.54 5.12 4.69 4.89 4.46 6.22 5.45 5.26
Working capital turnover 8.38 9.76 10.90 21.98 11.38 11.11 17.09 15.52 10.96 10.19 12.98 14.76 20.09 16.15 18.83 107.17 11.87 10.58 18.82
Average No. Days
Average inventory processing period 43 44 45 43 46 48 50 44 50 58 52 47 51 44 46 38 43 40 36 34
Add: Average receivable collection period 30 30 31 29 32 33 34 34 38 38 37 24 25 24 31 27 36 29 23 20
Operating cycle 73 74 76 72 78 81 84 78 88 96 89 71 76 68 77 65 79 69 59 54
Less: Average payables payment period 73 72 75 73 80 79 81 79 82 89 88 74 66 71 78 75 82 59 67 69
Cash conversion cycle 0 2 1 -1 -2 2 3 -1 6 7 1 -3 10 -3 -1 -10 -3 10 -8 -15

Based on: 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), 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).

Short-term activity ratio Description The company
Inventory turnover An activity ratio calculated as cost of goods sold divided by inventory. General Motors Co. inventory turnover ratio improved from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
Receivables turnover An activity ratio equal to revenue divided by receivables. General Motors Co. receivables turnover ratio improved from Q1 2024 to Q2 2024 but then slightly deteriorated from Q2 2024 to Q3 2024.
Payables turnover An activity ratio calculated as cost of goods sold divided by payables. General Motors Co. payables turnover ratio increased from Q1 2024 to Q2 2024 but then slightly decreased from Q2 2024 to Q3 2024.
Working capital turnover An activity ratio calculated as revenue divided by working capital. General Motors Co. working capital turnover ratio deteriorated from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.

Short-term activity ratio Description The company
Average inventory processing period An activity ratio equal to the number of days in the period divided by inventory turnover over the period. General Motors Co. number of days of inventory outstanding improved from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
Average receivable collection period An activity ratio equal to the number of days in the period divided by receivables turnover.
Operating cycle Equal to average inventory processing period plus average receivables collection period. General Motors Co. operating cycle improved from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
Average payables payment period An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period. General Motors Co. number of days of payables outstanding decreased from Q1 2024 to Q2 2024 but then slightly increased from Q2 2024 to Q3 2024.
Cash conversion cycle A financial metric that measures the length of time required for a company to convert cash invested in its operations to cash received as a result of its operations; equal to average inventory processing period plus average receivables collection period minus average payables payment period. General Motors Co. cash conversion cycle deteriorated from Q1 2024 to Q2 2024 but then improved from Q2 2024 to Q3 2024 exceeding Q1 2024 level.

Inventory Turnover

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

Microsoft Excel
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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Selected Financial Data (US$ in millions)
Automotive and other cost of sales 39,007 38,615 33,996 36,609 35,842 36,632 32,247 34,579 33,699 29,261 29,353 27,491 20,672 27,266 25,115 30,200 27,169 13,444 26,726 25,921 28,174 28,327 28,229
Inventories 17,325 17,605 17,533 16,461 17,740 17,912 17,758 15,366 16,367 16,859 14,838 12,988 14,534 13,102 12,066 10,235 10,934 10,280 10,799 10,398 11,797 11,447 11,108
Short-term Activity Ratio
Inventory turnover1 8.56 8.24 8.16 8.59 7.85 7.66 7.31 8.26 7.32 6.33 7.06 7.74 7.10 8.38 7.95 9.53 8.53 9.17 10.11 10.64
Benchmarks
Inventory Turnover, Competitors2
Ford Motor Co. 8.77 9.04 8.18 9.62 8.05 8.15 8.64 9.55 8.48 8.92 7.81 9.50 8.54 8.57 8.75 10.43 10.82 11.31 11.60 12.49
Tesla Inc. 5.47 5.53 4.86 5.81 5.61 5.14 4.60 4.72 5.32 6.04 6.78 6.99 6.93 6.89 6.86 6.07 5.27 5.13 4.74 5.77

Based on: 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), 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 Q3 2024 Calculation
Inventory turnover = (Automotive and other cost of salesQ3 2024 + Automotive and other cost of salesQ2 2024 + Automotive and other cost of salesQ1 2024 + Automotive and other cost of salesQ4 2023) ÷ Inventories
= (39,007 + 38,615 + 33,996 + 36,609) ÷ 17,325 = 8.56

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Inventory turnover An activity ratio calculated as cost of goods sold divided by inventory. General Motors Co. inventory turnover ratio improved from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.

Receivables Turnover

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

Microsoft Excel
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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Selected Financial Data (US$ in millions)
Automotive net sales and revenue 44,735 44,060 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
Accounts and notes receivable, net of allowance 13,782 13,406 13,774 12,378 13,923 14,068 13,702 13,333 14,021 12,417 11,946 7,394 8,091 8,167 9,126 8,035 9,939 7,946 7,536 6,797 6,924 10,362 12,116
Short-term Activity Ratio
Receivables turnover1 12.14 12.16 11.63 12.74 11.36 11.12 10.79 10.80 9.59 9.60 9.82 15.36 14.50 15.42 11.90 13.52 10.24 12.78 16.00 18.05
Benchmarks
Receivables Turnover, Competitors2
Ford Motor Co. 10.38 10.06 8.92 10.63 10.87 11.08 10.45 9.48 9.66 9.22 9.58 11.11 11.45 14.36 11.31 11.60 11.81 13.02 20.79 15.55
Tesla Inc. 29.32 25.51 24.37 27.59 38.07 27.28 28.75 27.60 34.15 32.28 26.91 28.14 23.88 19.66 19.02 16.72 16.04 17.31 20.43 18.56

Based on: 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), 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 Q3 2024 Calculation
Receivables turnover = (Automotive net sales and revenueQ3 2024 + Automotive net sales and revenueQ2 2024 + Automotive net sales and revenueQ1 2024 + Automotive net sales and revenueQ4 2023) ÷ Accounts and notes receivable, net of allowance
= (44,735 + 44,060 + 39,212 + 39,260) ÷ 13,782 = 12.14

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Receivables turnover An activity ratio equal to revenue divided by receivables. General Motors Co. receivables turnover ratio improved from Q1 2024 to Q2 2024 but then slightly deteriorated from Q2 2024 to Q3 2024.

Payables Turnover

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

Microsoft Excel
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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Selected Financial Data (US$ in millions)
Automotive and other cost of sales 39,007 38,615 33,996 36,609 35,842 36,632 32,247 34,579 33,699 29,261 29,353 27,491 20,672 27,266 25,115 30,200 27,169 13,444 26,726 25,921 28,174 28,327 28,229
Accounts payable, principally trade 29,629 28,762 29,393 28,114 30,387 29,800 28,931 27,486 26,886 25,890 25,240 20,391 18,648 21,431 20,446 19,928 20,914 15,154 20,031 21,018 21,406 22,717 24,560
Short-term Activity Ratio
Payables turnover1 5.00 5.04 4.87 5.03 4.58 4.60 4.49 4.62 4.46 4.12 4.15 4.93 5.54 5.12 4.69 4.89 4.46 6.22 5.45 5.26
Benchmarks
Payables Turnover, Competitors2
Ford Motor Co. 5.76 6.10 5.56 5.79 5.30 5.20 5.38 5.25 4.77 5.33 4.92 5.13 5.03 6.27 4.75 5.08 5.33 7.06 7.12 6.52
Tesla Inc. 5.42 6.01 5.29 5.48 5.52 4.83 4.16 3.97 3.95 4.37 4.06 4.01 4.36 4.32 4.26 4.12 4.48 5.67 5.36 5.44

Based on: 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), 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 Q3 2024 Calculation
Payables turnover = (Automotive and other cost of salesQ3 2024 + Automotive and other cost of salesQ2 2024 + Automotive and other cost of salesQ1 2024 + Automotive and other cost of salesQ4 2023) ÷ Accounts payable, principally trade
= (39,007 + 38,615 + 33,996 + 36,609) ÷ 29,629 = 5.00

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Payables turnover An activity ratio calculated as cost of goods sold divided by payables. General Motors Co. payables turnover ratio increased from Q1 2024 to Q2 2024 but then slightly decreased from Q2 2024 to Q3 2024.

Working Capital Turnover

General Motors Co., working capital turnover calculation (quarterly data)

Microsoft Excel
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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Selected Financial Data (US$ in millions)
Current assets 115,419 112,064 106,470 101,618 110,721 106,804 98,832 100,451 98,271 91,094 88,594 82,103 77,791 82,609 82,091 80,924 89,177 87,497 97,699 74,992 80,565 81,306 80,090
Less: Current liabilities 95,463 95,363 91,777 94,445 96,820 92,718 90,185 91,173 86,003 79,398 79,555 74,408 71,951 74,811 76,323 79,910 80,603 77,904 91,292 84,905 84,252 84,294 85,303
Working capital 19,956 16,701 14,693 7,173 13,901 14,086 8,647 9,278 12,268 11,696 9,039 7,695 5,840 7,798 5,768 1,014 8,574 9,593 6,407 (9,913) (3,687) (2,988) (5,213)
 
Automotive net sales and revenue 44,735 44,060 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
Short-term Activity Ratio
Working capital turnover1 8.38 9.76 10.90 21.98 11.38 11.11 17.09 15.52 10.96 10.19 12.98 14.76 20.09 16.15 18.83 107.17 11.87 10.58 18.82
Benchmarks
Working Capital Turnover, Competitors2
Ford Motor Co. 10.64 9.88 9.59 8.32 7.80 7.75 8.12 7.60 7.96 9.89 7.91 6.91 6.92 7.06 6.00 5.93 6.42 3.79 4.63 9.03
Tesla Inc. 3.77 3.78 4.49 4.64 5.22 5.77 5.53 5.73 6.58 7.14 8.19 7.28 6.74 5.03 3.66 2.53 3.34 8.38 8.95 17.12

Based on: 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), 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 Q3 2024 Calculation
Working capital turnover = (Automotive net sales and revenueQ3 2024 + Automotive net sales and revenueQ2 2024 + Automotive net sales and revenueQ1 2024 + Automotive net sales and revenueQ4 2023) ÷ Working capital
= (44,735 + 44,060 + 39,212 + 39,260) ÷ 19,956 = 8.38

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Working capital turnover An activity ratio calculated as revenue divided by working capital. General Motors Co. working capital turnover ratio deteriorated from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.

Average Inventory Processing Period

General Motors Co., average inventory processing period calculation (quarterly data)

Microsoft Excel
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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Selected Financial Data
Inventory turnover 8.56 8.24 8.16 8.59 7.85 7.66 7.31 8.26 7.32 6.33 7.06 7.74 7.10 8.38 7.95 9.53 8.53 9.17 10.11 10.64
Short-term Activity Ratio (no. days)
Average inventory processing period1 43 44 45 43 46 48 50 44 50 58 52 47 51 44 46 38 43 40 36 34
Benchmarks (no. days)
Average Inventory Processing Period, Competitors2
Ford Motor Co. 42 40 45 38 45 45 42 38 43 41 47 38 43 43 42 35 34 32 31 29
Tesla Inc. 67 66 75 63 65 71 79 77 69 60 54 52 53 53 53 60 69 71 77 63

Based on: 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), 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 Q3 2024 Calculation
Average inventory processing period = 365 ÷ Inventory turnover
= 365 ÷ 8.56 = 43

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Average inventory processing period An activity ratio equal to the number of days in the period divided by inventory turnover over the period. General Motors Co. number of days of inventory outstanding improved from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.

Average Receivable Collection Period

General Motors Co., average receivable collection period calculation (quarterly data)

Microsoft Excel
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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Selected Financial Data
Receivables turnover 12.14 12.16 11.63 12.74 11.36 11.12 10.79 10.80 9.59 9.60 9.82 15.36 14.50 15.42 11.90 13.52 10.24 12.78 16.00 18.05
Short-term Activity Ratio (no. days)
Average receivable collection period1 30 30 31 29 32 33 34 34 38 38 37 24 25 24 31 27 36 29 23 20
Benchmarks (no. days)
Average Receivable Collection Period, Competitors2
Ford Motor Co. 35 36 41 34 34 33 35 39 38 40 38 33 32 25 32 31 31 28 18 23
Tesla Inc. 12 14 15 13 10 13 13 13 11 11 14 13 15 19 19 22 23 21 18 20

Based on: 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), 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 Q3 2024 Calculation
Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ 12.14 = 30

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Average receivable collection period An activity ratio equal to the number of days in the period divided by receivables turnover.

Operating Cycle

General Motors Co., operating cycle calculation (quarterly data)

No. days

Microsoft Excel
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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Selected Financial Data
Average inventory processing period 43 44 45 43 46 48 50 44 50 58 52 47 51 44 46 38 43 40 36 34
Average receivable collection period 30 30 31 29 32 33 34 34 38 38 37 24 25 24 31 27 36 29 23 20
Short-term Activity Ratio
Operating cycle1 73 74 76 72 78 81 84 78 88 96 89 71 76 68 77 65 79 69 59 54
Benchmarks
Operating Cycle, Competitors2
Ford Motor Co. 77 76 86 72 79 78 77 77 81 81 85 71 75 68 74 66 65 60 49 52
Tesla Inc. 79 80 90 76 75 84 92 90 80 71 68 65 68 72 72 82 92 92 95 83

Based on: 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), 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 Q3 2024 Calculation
Operating cycle = Average inventory processing period + Average receivable collection period
= 43 + 30 = 73

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Operating cycle Equal to average inventory processing period plus average receivables collection period. General Motors Co. operating cycle improved from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.

Average Payables Payment Period

General Motors Co., average payables payment period calculation (quarterly data)

Microsoft Excel
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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Selected Financial Data
Payables turnover 5.00 5.04 4.87 5.03 4.58 4.60 4.49 4.62 4.46 4.12 4.15 4.93 5.54 5.12 4.69 4.89 4.46 6.22 5.45 5.26
Short-term Activity Ratio (no. days)
Average payables payment period1 73 72 75 73 80 79 81 79 82 89 88 74 66 71 78 75 82 59 67 69
Benchmarks (no. days)
Average Payables Payment Period, Competitors2
Ford Motor Co. 63 60 66 63 69 70 68 70 77 68 74 71 73 58 77 72 68 52 51 56
Tesla Inc. 67 61 69 67 66 76 88 92 92 84 90 91 84 85 86 89 81 64 68 67

Based on: 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), 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 Q3 2024 Calculation
Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ 5.00 = 73

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Average payables payment period An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period. General Motors Co. number of days of payables outstanding decreased from Q1 2024 to Q2 2024 but then slightly increased from Q2 2024 to Q3 2024.

Cash Conversion Cycle

General Motors Co., cash conversion cycle calculation (quarterly data)

No. days

Microsoft Excel
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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Selected Financial Data
Average inventory processing period 43 44 45 43 46 48 50 44 50 58 52 47 51 44 46 38 43 40 36 34
Average receivable collection period 30 30 31 29 32 33 34 34 38 38 37 24 25 24 31 27 36 29 23 20
Average payables payment period 73 72 75 73 80 79 81 79 82 89 88 74 66 71 78 75 82 59 67 69
Short-term Activity Ratio
Cash conversion cycle1 0 2 1 -1 -2 2 3 -1 6 7 1 -3 10 -3 -1 -10 -3 10 -8 -15
Benchmarks
Cash Conversion Cycle, Competitors2
Ford Motor Co. 14 16 20 9 10 8 9 7 4 13 11 0 2 10 -3 -6 -3 8 -2 -4
Tesla Inc. 12 19 21 9 9 8 4 -2 -12 -13 -22 -26 -16 -13 -14 -7 11 28 27 16

Based on: 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), 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 Q3 2024 Calculation
Cash conversion cycle = Average inventory processing period + Average receivable collection period – Average payables payment period
= 43 + 3073 = 0

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Cash conversion cycle A financial metric that measures the length of time required for a company to convert cash invested in its operations to cash received as a result of its operations; equal to average inventory processing period plus average receivables collection period minus average payables payment period. General Motors Co. cash conversion cycle deteriorated from Q1 2024 to Q2 2024 but then improved from Q2 2024 to Q3 2024 exceeding Q1 2024 level.