Analysis of Long-term (Investment) Activity Ratios
Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.
Long-term Activity Ratios (Summary)
General Motors Co., long-term (investment) activity ratios
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-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover | An activity ratio calculated as total revenue divided by net fixed assets. | General Motors Co. net fixed asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023. |
| Net fixed asset turnover (including operating lease, right-of-use asset) | An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). | General Motors Co. net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023. |
| Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | General Motors Co. total asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
| Equity turnover | An activity ratio calculated as total revenue divided by shareholders’ equity. | General Motors Co. equity turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
Net Fixed Asset Turnover
General Motors Co., net fixed asset turnover calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Automotive net sales and revenue | 157,658) | 143,975) | 113,590) | 108,673) | 122,697) | |
| Property, net | 50,321) | 45,248) | 41,115) | 37,632) | 38,750) | |
| Long-term Activity Ratio | ||||||
| Net fixed asset turnover1 | 3.13 | 3.18 | 2.76 | 2.89 | 3.17 | |
| Benchmarks | ||||||
| Net Fixed Asset Turnover, Competitors2 | ||||||
| Ford Motor Co. | 4.06 | 4.00 | 3.40 | 3.13 | 3.94 | |
| Tesla Inc. | 3.26 | 3.46 | 2.85 | 2.47 | 2.36 | |
| Net Fixed Asset Turnover, Sector | ||||||
| Automobiles & Components | 3.48 | 3.53 | 3.02 | 2.93 | 3.40 | |
| Net Fixed Asset Turnover, Industry | ||||||
| Consumer Discretionary | 3.50 | 3.47 | 3.31 | 3.37 | 3.71 | |
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
Net fixed asset turnover = Automotive net sales and revenue ÷ Property, net
= 157,658 ÷ 50,321 = 3.13
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover | An activity ratio calculated as total revenue divided by net fixed assets. | General Motors Co. net fixed asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023. |
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset)
General Motors Co., net fixed asset turnover (including operating lease, right-of-use asset) calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Automotive net sales and revenue | 157,658) | 143,975) | 113,590) | 108,673) | 122,697) | |
| Property, net | 50,321) | 45,248) | 41,115) | 37,632) | 38,750) | |
| Operating lease right of use assets (included in Other assets) | 979) | 1,100) | 1,100) | 1,000) | 1,100) | |
| Property, net (including operating lease, right-of-use asset) | 51,300) | 46,348) | 42,215) | 38,632) | 39,850) | |
| Long-term Activity Ratio | ||||||
| Net fixed asset turnover (including operating lease, right-of-use asset)1 | 3.07 | 3.11 | 2.69 | 2.81 | 3.08 | |
| Benchmarks | ||||||
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2 | ||||||
| Ford Motor Co. | 3.89 | 3.85 | 3.28 | 3.02 | 3.79 | |
| Tesla Inc. | 2.85 | 3.12 | 2.58 | 2.20 | 2.12 | |
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Sector | ||||||
| Automobiles & Components | 3.29 | 3.37 | 2.89 | 2.81 | 3.26 | |
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry | ||||||
| Consumer Discretionary | 2.68 | 2.66 | 2.51 | 2.57 | 3.13 | |
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
Net fixed asset turnover (including operating lease, right-of-use asset) = Automotive net sales and revenue ÷ Property, net (including operating lease, right-of-use asset)
= 157,658 ÷ 51,300 = 3.07
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover (including operating lease, right-of-use asset) | An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). | General Motors Co. net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023. |
Total Asset Turnover
General Motors Co., total asset turnover calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Automotive net sales and revenue | 157,658) | 143,975) | 113,590) | 108,673) | 122,697) | |
| Total assets | 273,064) | 264,037) | 244,718) | 235,194) | 228,037) | |
| Long-term Activity Ratio | ||||||
| Total asset turnover1 | 0.58 | 0.55 | 0.46 | 0.46 | 0.54 | |
| Benchmarks | ||||||
| Total Asset Turnover, Competitors2 | ||||||
| Ford Motor Co. | 0.61 | 0.58 | 0.49 | 0.43 | 0.56 | |
| Tesla Inc. | 0.91 | 0.99 | 0.87 | 0.60 | 0.72 | |
| Total Asset Turnover, Sector | ||||||
| Automobiles & Components | 0.64 | 0.62 | 0.52 | 0.46 | 0.56 | |
| Total Asset Turnover, Industry | ||||||
| Consumer Discretionary | 0.97 | 0.96 | 0.88 | 0.84 | 0.94 | |
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
Total asset turnover = Automotive net sales and revenue ÷ Total assets
= 157,658 ÷ 273,064 = 0.58
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | General Motors Co. total asset turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |
Equity Turnover
General Motors Co., equity turnover calculation, comparison to benchmarks
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Automotive net sales and revenue | 157,658) | 143,975) | 113,590) | 108,673) | 122,697) | |
| Stockholders’ equity | 64,286) | 67,792) | 59,744) | 45,030) | 41,792) | |
| Long-term Activity Ratio | ||||||
| Equity turnover1 | 2.45 | 2.12 | 1.90 | 2.41 | 2.94 | |
| Benchmarks | ||||||
| Equity Turnover, Competitors2 | ||||||
| Ford Motor Co. | 3.88 | 3.45 | 2.60 | 3.78 | 4.33 | |
| Tesla Inc. | 1.55 | 1.82 | 1.78 | 1.42 | 3.71 | |
| Equity Turnover, Sector | ||||||
| Automobiles & Components | 2.48 | 2.40 | 2.12 | 2.62 | 3.57 | |
| Equity Turnover, Industry | ||||||
| Consumer Discretionary | 3.86 | 4.21 | 3.74 | 4.82 | 5.84 | |
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
Equity turnover = Automotive net sales and revenue ÷ Stockholders’ equity
= 157,658 ÷ 64,286 = 2.45
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Equity turnover | An activity ratio calculated as total revenue divided by shareholders’ equity. | General Motors Co. equity turnover ratio improved from 2021 to 2022 and from 2022 to 2023. |