Stock Analysis on Net

General Motors Co. (NYSE:GM)

Analysis of Geographic Areas 

Microsoft Excel

Area Asset Turnover

General Motors Co., asset turnover by geographic area

Microsoft Excel
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

Microsoft Excel
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

Microsoft Excel
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

Microsoft Excel
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

Microsoft Excel
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).