Stock Analysis on Net

General Motors Co. (NYSE:GM)

Analysis of Short-term (Operating) Activity Ratios

Microsoft Excel

Short-term Activity Ratios (Summary)

General Motors Co., short-term (operating) activity ratios

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Turnover Ratios
Inventory turnover 10.37 8.59 8.26 7.74 9.53
Receivables turnover 13.38 12.74 10.80 15.36 13.52
Payables turnover 5.88 5.03 4.62 4.93 4.89
Working capital turnover 13.97 21.98 15.52 14.76 107.17
Average No. Days
Average inventory processing period 35 43 44 47 38
Add: Average receivable collection period 27 29 34 24 27
Operating cycle 62 72 78 71 65
Less: Average payables payment period 62 73 79 74 75
Cash conversion cycle 0 -1 -1 -3 -10

Based on: 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).

Short-term activity ratio Description The company
Inventory turnover An activity ratio calculated as cost of goods sold divided by inventory. General Motors Co. inventory turnover ratio improved from 2022 to 2023 and from 2023 to 2024.
Receivables turnover An activity ratio equal to revenue divided by receivables. General Motors Co. receivables turnover ratio improved from 2022 to 2023 and from 2023 to 2024.
Payables turnover An activity ratio calculated as cost of goods sold divided by payables. General Motors Co. payables turnover ratio increased from 2022 to 2023 and from 2023 to 2024.
Working capital turnover An activity ratio calculated as revenue divided by working capital. General Motors Co. working capital turnover ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024.

Short-term activity ratio Description The company
Average inventory processing period An activity ratio equal to the number of days in the period divided by inventory turnover over the period. General Motors Co. number of days of inventory outstanding improved from 2022 to 2023 and from 2023 to 2024.
Average receivable collection period An activity ratio equal to the number of days in the period divided by receivables turnover. General Motors Co. number of days of receivables outstanding improved from 2022 to 2023 and from 2023 to 2024.
Operating cycle Equal to average inventory processing period plus average receivables collection period. General Motors Co. operating cycle improved from 2022 to 2023 and from 2023 to 2024.
Average payables payment period An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period. General Motors Co. number of days of payables outstanding decreased from 2022 to 2023 and from 2023 to 2024.
Cash conversion cycle A financial metric that measures the length of time required for a company to convert cash invested in its operations to cash received as a result of its operations; equal to average inventory processing period plus average receivables collection period minus average payables payment period.

Inventory Turnover

General Motors Co., inventory turnover calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in millions)
Automotive and other cost of sales 151,065 141,330 126,892 100,544 97,539
Inventories 14,564 16,461 15,366 12,988 10,235
Short-term Activity Ratio
Inventory turnover1 10.37 8.59 8.26 7.74 9.53
Benchmarks
Inventory Turnover, Competitors2
Ford Motor Co. 10.60 9.62 9.55 9.50 10.43
Tesla Inc. 6.68 5.81 4.72 6.99 6.07
Inventory Turnover, Sector
Automobiles & Components 9.38 8.11 7.61 8.29 9.35
Inventory Turnover, Industry
Consumer Discretionary 7.78 6.99 6.67 7.04 7.48

Based on: 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).

1 2024 Calculation
Inventory turnover = Automotive and other cost of sales ÷ Inventories
= 151,065 ÷ 14,564 = 10.37

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Inventory turnover An activity ratio calculated as cost of goods sold divided by inventory. General Motors Co. inventory turnover ratio improved from 2022 to 2023 and from 2023 to 2024.

Receivables Turnover

General Motors Co., receivables turnover calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in millions)
Automotive net sales and revenue 171,606 157,658 143,975 113,590 108,673
Accounts and notes receivable, net of allowance 12,827 12,378 13,333 7,394 8,035
Short-term Activity Ratio
Receivables turnover1 13.38 12.74 10.80 15.36 13.52
Benchmarks
Receivables Turnover, Competitors2
Ford Motor Co. 11.73 10.63 9.48 11.11 11.60
Tesla Inc. 22.11 27.59 27.60 28.14 16.72
Receivables Turnover, Sector
Automobiles & Components 13.83 13.35 11.70 14.20 12.86
Receivables Turnover, Industry
Consumer Discretionary 18.67 17.85 17.96 21.22 21.85

Based on: 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).

1 2024 Calculation
Receivables turnover = Automotive net sales and revenue ÷ Accounts and notes receivable, net of allowance
= 171,606 ÷ 12,827 = 13.38

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Receivables turnover An activity ratio equal to revenue divided by receivables. General Motors Co. receivables turnover ratio improved from 2022 to 2023 and from 2023 to 2024.

Payables Turnover

General Motors Co., payables turnover calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in millions)
Automotive and other cost of sales 151,065 141,330 126,892 100,544 97,539
Accounts payable, principally trade 25,680 28,114 27,486 20,391 19,928
Short-term Activity Ratio
Payables turnover1 5.88 5.03 4.62 4.93 4.89
Benchmarks
Payables Turnover, Competitors2
Ford Motor Co. 6.57 5.79 5.25 5.13 5.08
Tesla Inc. 6.43 5.48 3.97 4.01 4.12
Payables Turnover, Sector
Automobiles & Components 6.26 5.41 4.71 4.84 4.88
Payables Turnover, Industry
Consumer Discretionary 5.36 5.18 4.80 4.66 4.74

Based on: 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).

1 2024 Calculation
Payables turnover = Automotive and other cost of sales ÷ Accounts payable, principally trade
= 151,065 ÷ 25,680 = 5.88

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Payables turnover An activity ratio calculated as cost of goods sold divided by payables. General Motors Co. payables turnover ratio increased from 2022 to 2023 and from 2023 to 2024.

Working Capital Turnover

General Motors Co., working capital turnover calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in millions)
Current assets 108,545 101,618 100,451 82,103 80,924
Less: Current liabilities 96,265 94,445 91,173 74,408 79,910
Working capital 12,280 7,173 9,278 7,695 1,014
 
Automotive net sales and revenue 171,606 157,658 143,975 113,590 108,673
Short-term Activity Ratio
Working capital turnover1 13.97 21.98 15.52 14.76 107.17
Benchmarks
Working Capital Turnover, Competitors2
Ford Motor Co. 9.80 8.32 7.60 6.91 5.93
Tesla Inc. 3.31 4.64 5.73 7.28 2.53
Working Capital Turnover, Sector
Automobiles & Components 7.44 8.76 8.69 8.80 7.75
Working Capital Turnover, Industry
Consumer Discretionary 13.56 14.99 18.57 11.02 13.68

Based on: 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).

1 2024 Calculation
Working capital turnover = Automotive net sales and revenue ÷ Working capital
= 171,606 ÷ 12,280 = 13.97

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Working capital turnover An activity ratio calculated as revenue divided by working capital. General Motors Co. working capital turnover ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024.

Average Inventory Processing Period

General Motors Co., average inventory processing period calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data
Inventory turnover 10.37 8.59 8.26 7.74 9.53
Short-term Activity Ratio (no. days)
Average inventory processing period1 35 43 44 47 38
Benchmarks (no. days)
Average Inventory Processing Period, Competitors2
Ford Motor Co. 34 38 38 38 35
Tesla Inc. 55 63 77 52 60
Average Inventory Processing Period, Sector
Automobiles & Components 39 45 48 44 39
Average Inventory Processing Period, Industry
Consumer Discretionary 47 52 55 52 49

Based on: 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).

1 2024 Calculation
Average inventory processing period = 365 ÷ Inventory turnover
= 365 ÷ 10.37 = 35

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Average inventory processing period An activity ratio equal to the number of days in the period divided by inventory turnover over the period. General Motors Co. number of days of inventory outstanding improved from 2022 to 2023 and from 2023 to 2024.

Average Receivable Collection Period

General Motors Co., average receivable collection period calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data
Receivables turnover 13.38 12.74 10.80 15.36 13.52
Short-term Activity Ratio (no. days)
Average receivable collection period1 27 29 34 24 27
Benchmarks (no. days)
Average Receivable Collection Period, Competitors2
Ford Motor Co. 31 34 39 33 31
Tesla Inc. 17 13 13 13 22
Average Receivable Collection Period, Sector
Automobiles & Components 26 27 31 26 28
Average Receivable Collection Period, Industry
Consumer Discretionary 20 20 20 17 17

Based on: 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).

1 2024 Calculation
Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ 13.38 = 27

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Average receivable collection period An activity ratio equal to the number of days in the period divided by receivables turnover. General Motors Co. number of days of receivables outstanding improved from 2022 to 2023 and from 2023 to 2024.

Operating Cycle

General Motors Co., operating cycle calculation, comparison to benchmarks

No. days

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data
Average inventory processing period 35 43 44 47 38
Average receivable collection period 27 29 34 24 27
Short-term Activity Ratio
Operating cycle1 62 72 78 71 65
Benchmarks
Operating Cycle, Competitors2
Ford Motor Co. 65 72 77 71 66
Tesla Inc. 72 76 90 65 82
Operating Cycle, Sector
Automobiles & Components 65 72 79 70 67
Operating Cycle, Industry
Consumer Discretionary 67 72 75 69 66

Based on: 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).

1 2024 Calculation
Operating cycle = Average inventory processing period + Average receivable collection period
= 35 + 27 = 62

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Operating cycle Equal to average inventory processing period plus average receivables collection period. General Motors Co. operating cycle improved from 2022 to 2023 and from 2023 to 2024.

Average Payables Payment Period

General Motors Co., average payables payment period calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data
Payables turnover 5.88 5.03 4.62 4.93 4.89
Short-term Activity Ratio (no. days)
Average payables payment period1 62 73 79 74 75
Benchmarks (no. days)
Average Payables Payment Period, Competitors2
Ford Motor Co. 56 63 70 71 72
Tesla Inc. 57 67 92 91 89
Average Payables Payment Period, Sector
Automobiles & Components 58 67 77 75 75
Average Payables Payment Period, Industry
Consumer Discretionary 68 70 76 78 77

Based on: 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).

1 2024 Calculation
Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ 5.88 = 62

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Average payables payment period An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period. General Motors Co. number of days of payables outstanding decreased from 2022 to 2023 and from 2023 to 2024.

Cash Conversion Cycle

General Motors Co., cash conversion cycle calculation, comparison to benchmarks

No. days

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data
Average inventory processing period 35 43 44 47 38
Average receivable collection period 27 29 34 24 27
Average payables payment period 62 73 79 74 75
Short-term Activity Ratio
Cash conversion cycle1 0 -1 -1 -3 -10
Benchmarks
Cash Conversion Cycle, Competitors2
Ford Motor Co. 9 9 7 0 -6
Tesla Inc. 15 9 -2 -26 -7
Cash Conversion Cycle, Sector
Automobiles & Components 7 5 2 -5 -8
Cash Conversion Cycle, Industry
Consumer Discretionary -1 2 -1 -9 -11

Based on: 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).

1 2024 Calculation
Cash conversion cycle = Average inventory processing period + Average receivable collection period – Average payables payment period
= 35 + 2762 = 0

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Cash conversion cycle A financial metric that measures the length of time required for a company to convert cash invested in its operations to cash received as a result of its operations; equal to average inventory processing period plus average receivables collection period minus average payables payment period.