General Motors Co (MEX:GM) Gross Margin % : 13.12% (As of Sep. 2024)

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What is General Motors Co Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. General Motors Co's Gross Profit for the three months ended in Sep. 2024 was MXN125,939 Mil. General Motors Co's Revenue for the three months ended in Sep. 2024 was MXN960,020 Mil. Therefore, General Motors Co's Gross Margin % for the quarter that ended in Sep. 2024 was 13.12%.

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

MEX:GM' s Gross Margin % Range Over the Past 10 Years
Min: 8.86 Med: 11.84 Max: 14.08
Current: 11.96

During the past 13 years, the highest Gross Margin % of General Motors Co was 14.08%. The lowest was 8.86%. And the median was 11.84%.

MEX:GM's Gross Margin % is ranked worse than
78.89% of 1279 companies
in the Vehicles & Parts industry
Industry Median: 20.04 vs MEX:GM: 11.96

General Motors Co had a gross margin of 13.12% for the quarter that ended in Sep. 2024 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for General Motors Co was 5.30% per year.

General Motors Co Gross Margin % Historical Data

The historical data trend for General Motors Co's Gross Margin % 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 Gross Margin % Chart

General Motors Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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10.18

11.16

14.08

13.39

11.14

General Motors Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Gross Margin %	Get a 7-Day Free Trial															12.14	7.70	13.74	13.02	13.12

Competitive Comparison of General Motors Co's Gross Margin %

For the Auto Manufacturers subindustry, General Motors Co's Gross Margin %, along with its competitors' market caps and Gross Margin % 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 Gross Margin % Distribution in the Vehicles & Parts Industry

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

* The bar in red indicates where General Motors Co's Gross Margin % falls into.

General Motors Co Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

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

Gross Margin % (A: Dec. 2023 )	=	Gross Profit (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	324853.2	/	2916888.723
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(2916888.723 - 2592035.565)	/	2916888.723
	=	11.14 %

General Motors Co's Gross Margin for the quarter that ended in Sep. 2024 is calculated as

Gross Margin % (Q: Sep. 2024 )	=	Gross Profit (Q: Sep. 2024 )	/	Revenue (Q: Sep. 2024 )
	=	125939.2	/	960020.267
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(960020.267 - 834081.108)	/	960020.267
	=	13.12 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

General Motors Co (MEX:GM) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

General Motors Co had a gross margin of 13.12% for the quarter that ended in Sep. 2024 => No sustainable competitive advantage

Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.

General Motors Co Gross Margin % Related Terms

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General Motors Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » General Motors Co (MEX:GM) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

GM:USA GM:Peru 1GM:Italy 8GMd:UK 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 us market share leader crown in 2022, after losing it to Toyota due to the chip shortage in 2021. 2023's share was 16.5%. 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. It restarted service in 2024 but not in California. GM owns over 80% of Cruise. GM Financial became the company's captive finance arm in October 2010 via the purchase of AmeriCredit.