General Motors Company (GM)

Return on assets (ROA)

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Net income (ttm)	US$ in thousands	6,008,000	11,070,000	11,078,000	10,711,000	10,126,000	10,024,000	10,265,000	9,391,000	9,935,000	9,677,000	8,792,000	9,936,000	10,019,000	11,124,000	12,749,000	9,155,000	6,427,000	3,387,000	1,693,000	4,869,000
Total assets	US$ in thousands	279,761,000	289,289,000	282,956,000	276,591,000	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
ROA		2.15%	3.83%	3.92%	3.87%	3.71%	3.56%	3.72%	3.52%	3.76%	3.71%	3.47%	3.95%	4.09%	4.66%	5.27%	3.84%	2.73%	1.41%	0.71%	1.97%

December 31, 2024 calculation

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

General Motors Company's return on assets (ROA) has shown fluctuations over the reported period. The ROA started at 1.97% as of March 31, 2020, and gradually declined to a low point of 0.71% by June 30, 2020. Subsequently, there was an upward trend in ROA, reaching 5.27% by June 30, 2021, marking a significant improvement from the previous periods.

The ROA then stabilized around the 3-4% range from September 2021 to December 2023, indicating a consistent level of efficiency in utilizing its assets to generate earnings. However, there was a slight decline in ROA to 2.15% by December 31, 2024, indicating a decrease in profitability relative to the previous quarters.

Overall, General Motors Company's ROA performance has shown variability but has generally maintained a moderate level of return on assets, reflecting its ability to generate profits relative to the assets it holds. Continued monitoring of ROA trends will be important to assess the company's efficiency in utilizing its assets effectively in the future.