General Motors Co (General Motors Co) Days Payable : 70.72 (As of Mar. 2024)

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What is General Motors Co Days Payable?

General Motors Co's average Accounts Payable for the three months ended in Mar. 2024 was $28,754 Mil. General Motors Co's Cost of Goods Sold for the three months ended in Mar. 2024 was $37,102 Mil. Hence, General Motors Co's Days Payable for the three months ended in Mar. 2024 was 70.72.

The historical rank and industry rank for General Motors Co's Days Payable or its related term are showing as below:

GM' s Days Payable Range Over the Past 10 Years
Min: 59.26 Med: 66.46 Max: 71.88
Current: 69.08

During the past 13 years, General Motors Co's highest Days Payable was 71.88. The lowest was 59.26. And the median was 66.46.

GM's Days Payable is ranked better than
52.26% of 1261 companies
in the Vehicles & Parts industry
Industry Median: 65.67 vs GM: 69.08

General Motors Co's Days Payable declined from Mar. 2023 (73.84) to Mar. 2024 (70.72). It may suggest that General Motors Co accelerated paying its suppliers.

General Motors Co Days Payable Historical Data

The historical data trend for General Motors Co's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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General Motors Co Days Payable Chart

General Motors Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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64.13

68.67

67.43

64.36

66.45

General Motors Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															73.84	68.01	70.82	67.28	70.72

Competitive Comparison of General Motors Co's Days Payable

For the Auto Manufacturers subindustry, General Motors Co's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

General Motors Co's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, General Motors Co's Days Payable distribution charts can be found below:

* The bar in red indicates where General Motors Co's Days Payable falls into.

General Motors Co Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

General Motors Co's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (27486	+	28114)	/	2 )	/	152704	*	365
=	27800					/	152704	*	365
=	66.45

General Motors Co's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (28114	+	29393)	/	2 )	/	37102	*	365 / 4
=	28753.5					/	37102	*	365 / 4
=	70.72

General Motors Co Days Payable Related Terms

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General Motors Co (General Motors Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » General Motors Co (NYSE:GM) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

GM:Peru GM:Mexico 1GM:Italy 8GMd:UK 0R0E:UK 8GM:Germany 8GM:Germany 8GM:Germany 8GM:Germany GMCO34:Brazil GMOT:Austria

Address

300 Renaissance Center, Detroit, MI, USA, 48265-3000

Website

https://www.gm.com

General Motors Co. emerged from the bankruptcy of General Motors Corp. (old GM) in July 2009. GM has eight brands and operates under four segments: GM North America, GM International, Cruise, and GM Financial. The United States now has four brands instead of eight under old GM. The company regained its U.S. market share leader crown in 2022, after losing it to Toyota due to the chip shortage in 2021, with share up 170 basis points to 16.4%, a full percentage point ahead of Toyota. GM's Cruise autonomous vehicle arm has previously done driverless geofenced AV robotaxi services in San Francisco and other cities but stopped in late 2023 after an accident. GM owns over 80% of Cruise. GM Financial became the company's captive finance arm in October 2010 via the purchase of AmeriCredit.

Executives

Mark L Reuss	officer: Vice President	300 RENAISSANCE CENTER, M/C: 482-C25-A36, DETROIT MI 48265-3000
Jan E Tighe	director	C/O GOLDMAN SACHS & CO. LLC, 200 WEST STREET, NEW YORK NY 10282
Rory Harvey	officer: Executive Vice President	300 RENAISSANCE CENTER, M/C: 482-C24-A68, DETROIT MI 48265
Michael Robert Abbott	officer: Executive Vice President	300 RENAISSANCE CENTER, M/C: 482-C24-A68, DETROIT MI 48265
Paul A Jacobson	officer: Executive Vice President & CFO	300 RENAISSANCE CENTER, M/C: 482-C24-A68, DETROIT MI 48265
Gerald Johnson	officer: Executive Vice President	300 RENAISSANCE CENTER, M/C: 482-C23-A68, DETROIT MI 48265
Stephen K. Carlisle	officer: Executive Vice President	300 RENAISSANCE CENTER, M/C: 482-C24-A68, DETROIT MI 48265
Jon Mcneill	director	45500 FREMONT BLVD, FREMONT CA 94538
Joanne C. Crevoiserat	director	6301 FITCH PATH, NEW ALBANY OH 43054
Wesley G Bush	director	333 MAPLE AVENUE EAST, #3080, VIENNA VA 22180
Julian G. Blissett	officer: Executive Vice President	300 RENAISSANCE CENTER, M/C: 482-C24-A68, DETROIT MI 48265
Patricia F Russo	director	300 RENAISSANCE CENTER, M/C: 482-C24-A68, DETROIT MI 48265
Douglas L Parks	officer: Executive Vice President	300 RENAISSANCE CENTER, M/C: 482-C23-A68, DETROIT MI 48265
Craig B. Glidden	officer: Executive Vice President & GC	300 RENAISSANCE CENTER., M/C: 482-C25-A36, DETROIT MI 48265-3000
Christopher Hatto	officer: VP, Controller & CAO	27175 HAGGERTY ROAD, NOVI MI 49377