General Motors Company (GM)

Fixed asset turnover

		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
Revenue (ttm)	US$ in thousands	187,441,000	182,718,000	178,093,000	174,871,000	171,842,000	171,971,000	169,728,000	160,740,000	156,734,000	147,210,000	132,101,000	130,509,000	127,004,000	130,938,000	139,639,000	122,250,000	122,485,000	115,793,000	115,786,000	135,068,000
Property, plant and equipment	US$ in thousands	—	—	—	—	—	80,460,000	47,941,000	46,895,000	77,949,000	42,795,000	41,800,000	41,708,000	41,115,000	39,637,000	38,822,000	37,797,000	37,632,000	36,989,000	37,066,000	37,969,000
Fixed asset turnover		—	—	—	—	—	2.14	3.54	3.43	2.01	3.44	3.16	3.13	3.09	3.30	3.60	3.23	3.25	3.13	3.12	3.56

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $187,441,000K ÷ $—K
= —

General Motors Company's fixed asset turnover ratio has shown some fluctuations over the years. From March 31, 2020, to June 30, 2021, the ratio ranged between 3.12 and 3.60, indicating that the company generated between $3.12 and $3.60 in revenues for every dollar invested in fixed assets during this period.

There was a slight decline in the ratio to 3.09 by December 31, 2021, which then increased to 3.16 by June 30, 2022. The ratio peaked at 3.54 on June 30, 2023, before dropping significantly to 2.14 by September 30, 2023. This drop could indicate issues with asset utilization efficiency or changes in the business's operating model impacting revenue generation relative to fixed asset levels.

The data for the fixed asset turnover ratio is incomplete for the period beyond December 31, 2023. The absence of values for the last four quarters may suggest a lack of reported financial information or a potential discontinuation of this metric in the available data.

It is essential for investors and stakeholders to monitor changes in the fixed asset turnover ratio over time to assess General Motors Company's efficiency in utilizing its fixed assets to generate revenue. Changes in this ratio can provide insights into the company's operational performance and efficiency in capital investments.