Total Asset Turnover
since 2010
Calculation
General Motors Co., total asset turnover, long-term trends, calculation
| Total asset turnover | = | Automotive net sales and revenue1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|
| Dec 31, 2025 | 0.60 | = | 167,971) | ÷ | 281,284) |
| Dec 31, 2024 | 0.61 | = | 171,606) | ÷ | 279,761) |
| Dec 31, 2023 | 0.58 | = | 157,658) | ÷ | 273,064) |
| Dec 31, 2022 | 0.55 | = | 143,975) | ÷ | 264,037) |
| Dec 31, 2021 | 0.46 | = | 113,590) | ÷ | 244,718) |
| Dec 31, 2020 | 0.46 | = | 108,673) | ÷ | 235,194) |
| Dec 31, 2019 | 0.54 | = | 122,697) | ÷ | 228,037) |
| Dec 31, 2018 | 0.59 | = | 133,045) | ÷ | 227,339) |
| Dec 31, 2017 | 0.63 | = | 133,449) | ÷ | 212,482) |
| Dec 31, 2016 | 0.71 | = | 156,849) | ÷ | 221,690) |
| Dec 31, 2015 | 0.75 | = | 145,922) | ÷ | 194,520) |
| Dec 31, 2014 | 0.85 | = | 151,092) | ÷ | 177,677) |
| Dec 31, 2013 | 0.91 | = | 152,092) | ÷ | 166,344) |
| Dec 31, 2012 | 1.01 | = | 150,295) | ÷ | 149,422) |
| Dec 31, 2011 | 1.03 | = | 148,866) | ÷ | 144,603) |
| Dec 31, 2010 | 0.97 | = | 135,311) | ÷ | 138,898) |
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31).
1 US$ in millions
The total asset turnover ratio for the period examined demonstrates a consistent downward trend over the majority of the timeframe. Initially, the ratio fluctuated around 1.0, but experienced a notable decline beginning in 2015. While a slight recovery occurred in the most recent years, the ratio remains below its earlier levels.
- Overall Trend
- From 2010 to 2015, the total asset turnover ratio exhibited relative stability, ranging between 0.75 and 1.03. However, a clear declining trend commenced in 2015, continuing through 2019. The ratio reached its lowest point at 0.46 in both 2019 and 2020. A modest increase was observed in 2022, 2023, and 2024, but the ratio has stabilized around 0.60.
- Initial Period (2010-2015)
- During this period, the ratio remained relatively high, indicating efficient asset utilization. The slight variations suggest minor changes in the relationship between net sales and total assets from year to year. The ratio peaked at 1.03 in 2011, then gradually decreased to 0.75 by 2015.
- Decline (2015-2020)
- The period from 2015 to 2020 witnessed a significant decrease in the total asset turnover ratio. This suggests that the company generated less revenue for each dollar of assets it held. The decline could be attributed to factors such as increased asset investment without a corresponding increase in sales, or a decrease in sales relative to the asset base. The ratio fell from 0.75 in 2015 to 0.46 in 2019 and remained at that level in 2020.
- Recent Stabilization (2020-2025)
- From 2020 onwards, the ratio showed a slight improvement, increasing to 0.55 in 2022 and reaching 0.61 in 2024. However, the ratio has since stabilized at 0.60 in 2025. This indicates that while asset utilization has improved somewhat, it has not returned to the levels observed in the earlier part of the decade. The stabilization suggests that the factors driving the earlier decline may have been addressed, but further improvements are needed to significantly enhance asset efficiency.
In summary, the total asset turnover ratio indicates a decreasing trend in asset utilization efficiency over the analyzed period, with a slight recovery in recent years that has now plateaued. Further investigation would be required to determine the underlying causes of these trends and assess the company’s strategies for improving asset efficiency.
Comparison to Competitors
General Motors Co., total asset turnover, long-term trends, comparison to competitors
| General Motors Co. | Ford Motor Co. | Tesla Inc. | |
|---|---|---|---|
| Dec 31, 2025 | 0.60 | — | 0.69 |
| Dec 31, 2024 | 0.61 | 0.61 | 0.80 |
| Dec 31, 2023 | 0.58 | 0.61 | 0.91 |
| Dec 31, 2022 | 0.55 | 0.58 | 0.99 |
| Dec 31, 2021 | 0.46 | 0.49 | 0.87 |
| Dec 31, 2020 | 0.46 | 0.43 | 0.60 |
| Dec 31, 2019 | 0.54 | 0.56 | 0.72 |
| Dec 31, 2018 | 0.59 | 0.58 | 0.72 |
| Dec 31, 2017 | 0.63 | 0.56 | 0.41 |
| Dec 31, 2016 | 0.71 | 0.59 | 0.31 |
| Dec 31, 2015 | 0.75 | 0.62 | 0.50 |
| Dec 31, 2014 | 0.85 | 0.65 | 0.55 |
| Dec 31, 2013 | 0.91 | 0.69 | 0.83 |
| Dec 31, 2012 | 1.01 | 0.66 | 0.37 |
| Dec 31, 2011 | 1.03 | 0.72 | 0.29 |
| Dec 31, 2010 | 0.97 | 0.72 | 0.30 |
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31).
Comparison to Sector (Automobiles & Components)
General Motors Co., total asset turnover, long-term trends, comparison to sector (automobiles & components)
| General Motors Co. | Automobiles & Components | |
|---|---|---|
| Dec 31, 2025 | 0.60 | — |
| Dec 31, 2024 | 0.61 | 0.64 |
| Dec 31, 2023 | 0.58 | 0.64 |
| Dec 31, 2022 | 0.55 | 0.62 |
| Dec 31, 2021 | 0.46 | 0.52 |
| Dec 31, 2020 | 0.46 | 0.46 |
| Dec 31, 2019 | 0.54 | 0.56 |
| Dec 31, 2018 | 0.59 | 0.59 |
| Dec 31, 2017 | 0.63 | 0.58 |
| Dec 31, 2016 | 0.71 | 0.63 |
| Dec 31, 2015 | 0.75 | 0.68 |
| Dec 31, 2014 | 0.85 | 0.74 |
| Dec 31, 2013 | 0.91 | 0.79 |
| Dec 31, 2012 | 1.01 | 0.81 |
| Dec 31, 2011 | 1.03 | 0.85 |
| Dec 31, 2010 | 0.97 | 0.83 |
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31).
Comparison to Industry (Consumer Discretionary)
General Motors Co., total asset turnover, long-term trends, comparison to industry (consumer discretionary)
| General Motors Co. | Consumer Discretionary | |
|---|---|---|
| Dec 31, 2025 | 0.60 | — |
| Dec 31, 2024 | 0.61 | 0.93 |
| Dec 31, 2023 | 0.58 | 0.97 |
| Dec 31, 2022 | 0.55 | 0.96 |
| Dec 31, 2021 | 0.46 | 0.88 |
| Dec 31, 2020 | 0.46 | 0.84 |
| Dec 31, 2019 | 0.54 | 0.94 |
| Dec 31, 2018 | 0.59 | 0.96 |
| Dec 31, 2017 | 0.63 | 0.93 |
| Dec 31, 2016 | 0.71 | 0.96 |
| Dec 31, 2015 | 0.75 | 0.98 |
| Dec 31, 2014 | 0.85 | 1.02 |
| Dec 31, 2013 | 0.91 | 1.04 |
| Dec 31, 2012 | 1.01 | 1.06 |
| Dec 31, 2011 | 1.03 | 1.08 |
| Dec 31, 2010 | 0.97 | 1.04 |
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31).