General Motors Company (GM)

Operating 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
Operating income (ttm)	US$ in thousands	9,298,000	10,991,000	11,370,000	10,697,000	10,315,000	9,224,000	7,477,000	8,243,000	9,324,000	10,571,000	13,350,000	9,254,000	6,634,000	3,313,000	1,193,000	4,894,000	5,481,000	6,864,000	6,170,000	5,160,000
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
Operating profit margin		5.41%	6.39%	6.70%	6.65%	6.58%	6.27%	5.66%	6.32%	7.34%	8.07%	9.56%	7.57%	5.42%	2.86%	1.03%	3.62%	3.99%	4.74%	4.25%	3.54%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $9,298,000K ÷ $171,841,000K
= 5.41%

General Motors Company's operating profit margin has been relatively stable over the past eight quarters, ranging from 5.41% to 6.70%. The operating profit margin represents the percentage of revenue that remains as profit after deducting operating expenses. The company's operating profit margin peaked at 6.70% in the second quarter of 2023, indicating improved operational efficiency and cost management. However, it slightly declined to 5.41% by the end of December 2023. This suggests that the company may have faced increased operating expenses or experienced a decrease in revenue in the latter part of 2023. Overall, General Motors Company's operating profit margin reflects the company's ability to generate profits from its core business operations, and its stability indicates consistent management of operating costs.