Analysis of Geographic Areas
General Motors Co. operates in 2 regions: U.S. and Non-U.S..
Area Asset Turnover
General Motors Co., asset turnover by geographic area
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| U.S. | 2.27 | 2.14 | 1.69 | 1.64 | 1.70 |
| Non-U.S. | 1.66 | 1.58 | 1.29 | 1.34 | 1.67 |
Based on: 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).
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | U.S. | U.S. area asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
| Non-U.S. | Non-U.S. area asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
Area Asset Turnover: U.S.
General Motors Co.; U.S.; area asset turnover calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Net sales and revenue | 139,605) | 127,833) | 104,483) | 101,431) | 110,614) |
| Long-lived assets | 61,539) | 59,612) | 61,644) | 61,705) | 64,910) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 2.27 | 2.14 | 1.69 | 1.64 | 1.70 |
Based on: 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).
1 2023 Calculation
Area asset turnover = Net sales and revenue ÷ Long-lived assets
= 139,605 ÷ 61,539 = 2.27
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | U.S. | U.S. area asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
Area Asset Turnover: Non-U.S.
General Motors Co.; Non-U.S.; area asset turnover calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Net sales and revenue | 32,237) | 28,902) | 22,521) | 21,054) | 26,623) |
| Long-lived assets | 19,363) | 18,338) | 17,400) | 15,746) | 15,962) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 1.66 | 1.58 | 1.29 | 1.34 | 1.67 |
Based on: 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).
1 2023 Calculation
Area asset turnover = Net sales and revenue ÷ Long-lived assets
= 32,237 ÷ 19,363 = 1.66
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Non-U.S. | Non-U.S. area asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
Net sales and revenue
General Motors Co., net sales and revenue by geographic area
US$ in millions
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| U.S., Automotive | 127,472) | 116,798) | 92,771) | 89,204) | 97,887) |
| U.S., GM Financial | 12,133) | 11,035) | 11,712) | 12,227) | 12,727) |
| U.S. | 139,605) | 127,833) | 104,483) | 101,431) | 110,614) |
| Non-U.S., Automotive | 30,186) | 27,177) | 20,819) | 19,469) | 24,810) |
| Non-U.S., GM Financial | 2,051) | 1,725) | 1,702) | 1,585) | 1,813) |
| Non-U.S. | 32,237) | 28,902) | 22,521) | 21,054) | 26,623) |
| Total consolidated | 171,842) | 156,735) | 127,004) | 122,485) | 137,237) |
Based on: 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).
Long-lived assets
General Motors Co., long-lived assets by geographic area
US$ in millions
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| U.S., Automotive | 34,142) | 30,201) | 27,192) | 24,932) | 25,401) |
| U.S., GM Financial | 27,397) | 29,411) | 34,452) | 36,773) | 39,509) |
| U.S. | 61,539) | 59,612) | 61,644) | 61,705) | 64,910) |
| Non-U.S., Automotive | 16,054) | 14,907) | 13,771) | 12,516) | 13,190) |
| Non-U.S., GM Financial | 3,309) | 3,431) | 3,629) | 3,230) | 2,772) |
| Non-U.S. | 19,363) | 18,338) | 17,400) | 15,746) | 15,962) |
| Total consolidated | 80,902) | 77,950) | 79,044) | 77,451) | 80,872) |
Based on: 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).