General Motors Co's gross profit for the
three
months ended in Sep. 2024 was $6,396 Mil. General Motors Co's gross profit for the trailing twelve months (TTM) ended in Sep. 2024 was $21,861 Mil.
General Motors Co had a gross margin of 13.12% for the quarter that ended in Sep. 2024 => No sustainable competitive advantage
During the past 13 years, the highestGross Margin % of General Motors Co was 14.08%. The lowest was 8.86%. And the median was 11.84%.
General Motors Co Gross Profit Historical Data
The historical data trend for General Motors Co's Gross Profit 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.
Competitive Comparison of General Motors Co's Gross Profit
For the Auto Manufacturers subindustry, General Motors Co's Gross Profit, along with its competitors' market caps and Gross Profit 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 Profit Distribution in the Vehicles & Parts Industry
For the Vehicles & Parts industry and Consumer Cyclical sector, General Motors Co's Gross Profit distribution charts can be found below:
* The bar in red indicates where General Motors Co's Gross Profit falls into.
General Motors Co Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
General Motors Co's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as
Gross Profit for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $21,861 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
* 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.
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 (NYSE:GM) Gross Profit 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
General Motors Co Gross Profit Related Terms
Thank you for viewing the detailed overview of General Motors Co's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
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.
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