General Motors Company (GM)
Gross profit margin
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 169,347,000 | 169,760,000 | 167,584,000 | 158,747,000 | 155,644,000 | 37,694,000 | 22,522,000 | 20,976,000 | 17,545,000 | 25,749,000 | 34,523,000 | 17,151,000 | 17,060,000 | 115,338,000 | 115,203,000 | 134,274,000 | 136,719,000 | 144,292,000 | 144,806,000 | 110,309,000 |
| Revenue (ttm) | US$ in thousands | 171,841,000 | 171,970,000 | 169,728,000 | 160,741,000 | 156,735,000 | 147,211,000 | 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 | 137,237,000 | 144,810,000 | 145,128,000 | 145,828,000 |
| Gross profit margin | 98.55% | 98.71% | 98.74% | 98.76% | 99.30% | 25.61% | 17.05% | 16.07% | 13.81% | 19.67% | 24.72% | 14.03% | 13.93% | 99.61% | 99.50% | 99.41% | 99.62% | 99.64% | 99.78% | 75.64% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $169,347,000K ÷ $171,841,000K
= 98.55%
General Motors Company's gross profit margin fluctuated within a relatively narrow range over the past eight quarters, with values ranging from 17.76% to 19.71%. Generally, the gross profit margin remained above 18%, indicating that the company effectively managed its cost of goods sold relative to its revenue during this period. The slight fluctuations in the gross profit margin may indicate variations in the company's pricing strategy, production costs, or sales mix.
It is worth noting that the gross profit margin showed a slight decline in the most recent quarter compared to the preceding quarters. This could be attributed to factors such as changes in production costs, pricing pressures, or shifts in the sales mix. It would be prudent to closely monitor the upcoming financial quarters to see if this decline represents a trend or an isolated event.
Overall, General Motors' gross profit margin demonstrates the company's ability to generate profits from its core operations, although further analysis of the underlying factors influencing the margin fluctuations would provide deeper insights into the company's operational performance.
Peer comparison
Dec 31, 2023