General Motors Company (GM)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 9,298,000 | 10,315,000 | 9,324,000 | 6,634,000 | 5,481,000 |
| Revenue | US$ in thousands | 171,842,000 | 156,735,000 | 127,004,000 | 122,485,000 | 137,237,000 |
| Operating profit margin | 5.41% | 6.58% | 7.34% | 5.42% | 3.99% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $9,298,000K ÷ $171,842,000K
= 5.41%
The operating profit margin of General Motors Company has shown some fluctuation over the past five years. In 2019, the operating profit margin was 3.99%, which increased to 5.42% in 2020. Subsequently, there was a further increase to 7.34% in 2021, indicating improved operational efficiency. However, in 2022, there was a slight decline to 6.58%, and this trend continued with a decrease to 5.41% in 2023. This suggests that the company's ability to generate profits from its core business operations has moderated in the most recent year. It would be important to assess the factors contributing to this change and evaluate the company's strategies to sustain and enhance its operating profitability in the future.
Peer comparison
Dec 31, 2023