General Motors Company (GM)

Return on assets (ROA)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net income	US$ in thousands	6,008,000	10,022,000	9,934,000	10,019,000	6,427,000
Total assets	US$ in thousands	279,761,000	273,064,000	264,037,000	244,718,000	235,194,000
ROA		2.15%	3.67%	3.76%	4.09%	2.73%

December 31, 2024 calculation

ROA = Net income ÷ Total assets
= $6,008,000K ÷ $279,761,000K
= 2.15%

General Motors Company's return on assets (ROA) has shown fluctuation over the years based on the provided data. In December 2020, the ROA was 2.73%, indicating that for every dollar of assets, the company generated 2.73 cents in net income.

The ROA increased to 4.09% by the end of December 2021, reflecting an improvement in the company's ability to generate earnings from its assets. However, in the following years, there was a slight decline in ROA with figures of 3.76% in 2022 and 3.67% in 2023. This suggests that the company's profitability relative to its assets experienced some level of moderation during these periods.

By December 2024, General Motors' ROA decreased further to 2.15%, reflecting a notable decline in the company's ability to generate profit from its assets compared to the previous years. It is crucial for investors and stakeholders to closely monitor these changes in ROA as it provides insights into the company's efficiency in utilizing its assets to generate profits.