General Motors Company (GM)

Return on assets (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
Net income (ttm)	US$ in thousands	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	6,732,000	8,970,000	9,153,000	9,125,000
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
ROA		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%	2.95%	3.87%	3.92%	3.91%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $10,126,000K ÷ $273,064,000K
= 3.71%

General Motors Company's return on assets (ROA) has exhibited some fluctuation over the past 8 quarters. In the most recent quarter as of December 31, 2023, the ROA stands at 3.67%. This represents a slight increase from the previous quarter's ROA of 3.52% as of September 30, 2023. The trend in ROA shows slight variations within the range of 3.03% to 3.69% over the period.

ROA measures the efficiency of the company in generating profits from its assets. A higher ROA indicates that the company is utilizing its assets more efficiently to generate earnings. The upward movement in the ROA from the previous quarter may suggest that General Motors has improved its ability to generate earnings relative to its assets in the most recent period. However, it is important to further assess the components of the ROA, namely the net income and the total assets, to understand the drivers behind this trend.

Overall, the trend in General Motors' ROA indicates that the company has been able to maintain a relatively stable level of efficiency in generating profits from its assets over the past 8 quarters. This suggests that the company has been effectively managing its assets to generate returns for its shareholders.