General Motors Company (GM)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	64,286,000	74,475,000	71,655,000	69,877,000	67,792,000	65,268,000	63,954,000	62,095,000	59,744,000	54,150,000	51,669,000	48,343,000	45,030,000	43,341,000	39,304,000	40,113,000	41,792,000	44,554,000	42,816,000	40,765,000
ROE		15.75%	13.46%	14.33%	13.44%	14.66%	14.83%	13.75%	16.00%	16.77%	20.54%	24.67%	18.94%	14.27%	7.81%	4.31%	12.14%	16.11%	20.13%	21.38%	22.38%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $10,126,000K ÷ $64,286,000K
= 15.75%

General Motors Company's return on equity (ROE) has shown some fluctuation over the past eight quarters.

The ROE increased from 12.01% in the second quarter of 2022 to 15.59% in the fourth quarter of 2023, which indicates an improvement in the company's ability to generate profits from the shareholders' equity.

However, there were fluctuations in between, with ROE ranging from 13.15% to 14.19% over the quarters. While these fluctuations may indicate some level of volatility in the company's profitability, the overall trend suggests that General Motors' management has been effective in utilizing its shareholders' equity to generate returns.

It would be important to further investigate the factors contributing to these fluctuations and assess the company's strategic initiatives to maintain and improve its ROE in the future.