General Motors Company (GM)

Total 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
Total assets	US$ in thousands	279,761,000	289,289,000	282,956,000	276,591,000	273,064,000	281,705,000	275,833,000	267,004,000	264,037,000	260,529,000	253,517,000	251,492,000	244,718,000	238,557,000	241,803,000	238,411,000	235,194,000	239,671,000	237,535,000	246,624,000
Total asset turnover		0.67	0.63	0.63	0.63	0.63	0.61	0.62	0.60	0.59	0.57	0.52	0.52	0.52	0.55	0.58	0.51	0.52	0.48	0.49	0.55

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $187,441,000K ÷ $279,761,000K
= 0.67

General Motors Company's total asset turnover has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The company's total asset turnover ratio ranged from a low of 0.48 in September 2020 to a high of 0.67 in December 2024.

The total asset turnover ratio measures how efficiently the company is utilizing its assets to generate sales. A higher ratio indicates that the company is generating more revenue per dollar of assets, which is generally considered positive.

In the case of General Motors, the upward trend in total asset turnover from late 2023 to the end of 2024 suggests that the company may have improved its asset utilization efficiency during this period. This could be due to better management of inventory, more effective use of fixed assets, or increased sales volume without a corresponding increase in total assets.

It is essential for investors and analysts to continue monitoring General Motors' total asset turnover ratio, as it provides valuable insights into the company's operational efficiency and financial performance.