General Motors Company (GM)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 187,442,000 | 171,842,000 | 156,735,000 | 127,004,000 | 122,485,000 |
| Total assets | US$ in thousands | 279,761,000 | 273,064,000 | 264,037,000 | 244,718,000 | 235,194,000 |
| Total asset turnover | 0.67 | 0.63 | 0.59 | 0.52 | 0.52 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $187,442,000K ÷ $279,761,000K
= 0.67
General Motors Company's total asset turnover has shown a positive trend over the past five years, increasing from 0.52 in 2020 to 0.67 in 2024. This ratio indicates that for every dollar of total assets the company owns, it generates revenue equivalent to the total asset turnover ratio.
The upward trend in total asset turnover suggests that General Motors has become more efficient in generating revenue from its assets over the years. A higher total asset turnover ratio signifies that the company is utilizing its assets more effectively to generate sales.
Overall, General Motors Company's improving total asset turnover ratio reflects positively on its asset management efficiency and operational performance, indicating a better utilization of its assets to drive revenue growth.
Peer comparison
Dec 31, 2024