General Motors Company (GM)
Operating return on assets (Operating ROA)
| 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 |
| Total assets | US$ in thousands | 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 | 228,037,000 | 231,529,000 | 233,737,000 | 233,132,000 |
| Operating ROA | 3.41% | 3.90% | 4.12% | 4.01% | 3.91% | 3.54% | 2.95% | 3.28% | 3.81% | 4.43% | 5.52% | 3.88% | 2.82% | 1.38% | 0.50% | 1.98% | 2.40% | 2.96% | 2.64% | 2.21% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $9,298,000K ÷ $273,064,000K
= 3.41%
General Motors Company's operating return on assets (operating ROA) measures the company's ability to generate operating income from its assets. The trend in operating ROA can provide insights into the company's operational efficiency and profitability.
Looking at the data provided, General Motors' operating ROA has fluctuated over the past eight quarters, ranging from a low of 2.95% in June 2022 to a high of 4.12% in June 2023. The overall trend has shown some variability, with a general upward trajectory from September 2022 to June 2023, followed by a slight decline in the most recent quarter, ending December 2023.
The increase in operating ROA from September 2022 to June 2023 suggests improved operational efficiency and profitability during that period. However, the slight decrease in December 2023 indicates a potential reversal in that trend.
It is important to consider the factors driving these fluctuations, such as changes in revenue, operating expenses, and asset utilization. Additionally, it would be beneficial to compare General Motors' operating ROA with industry benchmarks and its competitors to gain a broader perspective on its performance.
Overall, while the recent fluctuations in operating ROA may indicate some variability in General Motors' operational effectiveness, further analysis and comparison with industry standards can provide a more comprehensive understanding of the company's performance.
Peer comparison
Dec 31, 2023