General Motors Co (BSP:GMCO34) Tax Rate % : 20.51% (As of Mar. 2024)

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What is General Motors Co Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. General Motors Co's Tax Expense for the three months ended in Mar. 2024 was R$3,795 Mil. General Motors Co's Pre-Tax Income for the three months ended in Mar. 2024 was R$18,500 Mil. Therefore, General Motors Co's Tax Rate % for the quarter that ended in Mar. 2024 was 20.51%.

General Motors Co Tax Rate % Historical Data

The historical data trend for General Motors Co's Tax Rate % 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 Tax Rate % Chart

General Motors Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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10.34

21.91

21.79

16.28

5.41

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
Tax Rate %	Get a 7-Day Free Trial															15.42	17.23	13.57	-75.53	20.51

General Motors Co Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

General Motors Co's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2023 )	/	Pre-Tax Income (A: Dec. 2023 )
	=	2758.587	/	50972.619
	=	5.41 %

General Motors Co's Tax Rate % for the quarter that ended in Mar. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Mar. 2024 )	/	Pre-Tax Income (Q: Mar. 2024 )
	=	3794.608	/	18499.957
	=	20.51 %

General Motors Co Tax Rate % Related Terms

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General Motors Co (BSP:GMCO34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » General Motors Co (BSP:GMCO34) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

GM:USA GM:Peru GM:Mexico 1GM:Italy 8GMd:UK 0R0E:UK 8GM:Germany 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.

General Motors Co (BSP:GMCO34) Headlines

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