General Motors Company (GM)
Operating return on assets (Operating ROA)
| 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 |
| Total assets | US$ in thousands | 273,064,000 | 264,037,000 | 244,718,000 | 235,194,000 | 228,037,000 |
| Operating ROA | 3.41% | 3.91% | 3.81% | 2.82% | 2.40% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $9,298,000K ÷ $273,064,000K
= 3.41%
General Motors Company's operating return on assets (operating ROA) has exhibited a positive trend over the past five years. The operating ROA increased from 2.40% in 2019 to 3.91% in 2022 before slightly decreasing to 3.41% in 2023. This indicates that the company has been able to generate more operating income relative to its total assets, reflecting improved operational efficiency and profitability. However, the slight decline in 2023 suggests a potential need for further examination of the company's operating performance and asset utilization. Overall, the trend in GM's operating ROA demonstrates a positive trajectory, which may indicate effective management of operating resources and an ability to generate income from its asset base.
Peer comparison
Dec 31, 2023