General Motors Company (GM)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 10,688,000 | 12,024,000 | 12,640,000 | 11,734,000 | 11,822,000 | 11,455,000 | 9,877,000 | 11,502,000 | 12,813,000 | 14,089,000 | 16,449,000 | 11,772,000 | 8,201,000 | 4,356,000 | 2,046,000 | 5,858,000 | 7,501,000 | 9,291,000 | 9,303,000 | 9,270,000 |
| 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 |
| Pretax margin | 6.22% | 6.99% | 7.45% | 7.30% | 7.54% | 7.78% | 7.48% | 8.81% | 10.09% | 10.76% | 11.78% | 9.63% | 6.70% | 3.76% | 1.77% | 4.34% | 5.47% | 6.42% | 6.41% | 6.36% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $10,688,000K ÷ $171,841,000K
= 6.22%
General Motors Company's pretax margin, which measures the company's profitability before taxes, has shown some fluctuations over the past eight quarters. The pretax margin was at its highest in the first quarter of 2022 at 8.66% but has gradually decreased to 6.05% in the fourth quarter of 2023.
The consistent decline in pretax margin since the first quarter of 2022 suggests that the company may be facing challenges in maintaining the efficiency of its operations and controlling its costs. This trend warrants further investigation into the factors contributing to the declining profitability. Understanding the reasons behind the fluctuations in pretax margin is critical for management to make informed decisions and implement strategies to improve the company's financial performance.
Peer comparison
Dec 31, 2023