General Motors Company Financial Performance from Time to Time
General Motors Company Financial Performance from Time to Time- General Motors Company (GM) is a multinational
automotive manufacturing company headquartered in Detroit, Michigan, United
States. Historically, it was founded on September 16th, 1908, by William C.
Durant, Charles Stewart Mott, and Frederic L. Smith.
Along with the development of the business, General Motors has some vehicle brands, namely Baojun, Buick, Cadillac, Chevrolet and Wuling. In its business, this company design, build and sell trucks, crossovers, cars, and automobile parts and provide software-enabled services and subscriptions worldwide. Totally, as of 2023, there are 122 Facilities and 4,232 dealers in USA.
Based on the workforce of the company, General Motors has employed around 165,000 across the globe. Most of the employees is in the USA with 89 thousand of employees. Furthermore, operationally, in 2023, the General Motors can sale of 6 million of vehicles with North America region contributes of 3 million of vehicles, followed by the region in Asia/Pacific, Middle East, and Africa contributing 2.6 million of vehicles.
The Assets, Liabilities, and Equities of General Motors Company
Financially, based on the financial fundamentals of General Motors, this
company in 2023 has positive structures. Although this company experienced
negative performance in 2008, they can manage and improve their structures. In
2023, the assets of the company are 273 billion US dollars and liabilities of the company 204 billion US dollars. From 2009 till 2023, the General Motors show
positive equity, but in 2008, company suffered with negative in equity with the
value of – 85 billion US dollars.
Based on some financial ratios (Debt to Assets Ratio (D/A) and Debt to
Equity Ratio (D/E)), most of the value showed stable performance. The average
value of Debt-to-asset ratio is 0.86. This value means that the percentage of
liabilities is 84% from the Assets. Meanwhile, the debt-to-equity ratio is
about 3.11. This value means that the value of liabilities is 300% or 3 times
from the equity.
The Revenue and Net Income of General Motors
Based on the financial performance of General Motors, the company showed
some negative performance in 2008, 2009, and 2017 and the rest of these years,
this company experience the net income. In 2023, this company has revenue of 171
billion US Dollars with net income around 10.1 billion US Dollars.
In some financial ratio, the company has some value of it. The average Net Profit Margin is about 0.024. This value means that the net income is 2.4% of its revenue. In other interpretation, every one US Dollar of Revenue can become net income about 0.018 US Dollar. Meanwhile, the average for Return on Assets (ROA) and Return of Equity (ROE) is about 0.007 and 0.14, respectively. This ROA of 0.007 means that the net income of the company is around 7% of its Assets. Every asset of that has been used, the company can generate net income around 2%. Furthermore, the Return of Equity (ROE) is about 0.14 which means that the net income of the company comes from equity is 14%.
Bibliography of General Motors Company Financial Performance from Time to Time
Wikipedia. 2022. General Motors. Accessed via https://en.wikipedia.org/wiki/General_Motors on
April 25th, 2022.
General Motors. 2024. General Motors SEC Filings 10-K. Accessed via https://investor.gm.com/sec-filings on
April 25th, 2024.