GM Asset Turnover vs Quick Ratio Analysis
| GM Stock | USD 42.37 0.07 0.16% |
GM financial indicator trend analysis is much more than just examining General Motors latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether General Motors is a good investment. Please check the relationship between GM Asset Turnover and its Quick Ratio accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in General Motors. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population.
Asset Turnover vs Quick Ratio
Asset Turnover vs Quick Ratio Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of General Motors Asset Turnover account and Quick Ratio. At this time, the significance of the direction appears to have strong contrarian relationship.
The correlation between GM's Asset Turnover and Quick Ratio is -0.66. Overlapping area represents the amount of variation of Asset Turnover that can explain the historical movement of Quick Ratio in the same time period over historical financial statements of General Motors, assuming nothing else is changed. The correlation between historical values of GM's Asset Turnover and Quick Ratio is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Asset Turnover of General Motors are associated (or correlated) with its Quick Ratio. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Quick Ratio has no effect on the direction of Asset Turnover i.e., GM's Asset Turnover and Quick Ratio go up and down completely randomly.
Correlation Coefficient | -0.66 |
| Relationship Direction | Negative |
| Relationship Strength | Weak |
Asset Turnover
The ratio of net sales to average total assets, indicating how efficiently a company uses its assets to generate sales.Quick Ratio
A measure of a company's ability to meet its short-term obligations with its most liquid assets. It is calculated as (current assets - inventories) divided by current liabilities.Most indicators from GM's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into General Motors current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in General Motors. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. At this time, GM's Selling General Administrative is very stable compared to the past year. As of the 19th of April 2024, Sales General And Administrative To Revenue is likely to grow to 0.08, while Tax Provision is likely to drop about 2 B.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 17.9B | 21.0B | 30.5B | 19.3B | Total Revenue | 127.0B | 156.7B | 171.8B | 127.4B |
GM fundamental ratios Correlations
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GM Account Relationship Matchups
High Positive Relationship
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GM fundamental ratios Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Total Assets | 228.0B | 235.2B | 244.7B | 264.0B | 273.1B | 194.8B | |
| Other Current Liab | 23.3B | 19.9B | 17.8B | 22.4B | 24.6B | 19.5B | |
| Total Stockholder Equity | 41.8B | 45.0B | 59.7B | 67.8B | 64.3B | 34.2B | |
| Other Liab | 30.2B | 32.6B | 28.8B | 23.7B | 21.3B | 20.3B | |
| Retained Earnings | 26.9B | 32.0B | 41.9B | 49.3B | 55.4B | 58.2B | |
| Accounts Payable | 21.0B | 19.9B | 20.4B | 27.5B | 28.1B | 19.8B | |
| Other Assets | 29.2B | 140.0B | 32.6B | 29.9B | 26.9B | 34.1B | |
| Long Term Debt | 65.9B | 73.0B | 75.7B | 75.9B | 82.8B | 57.2B | |
| Inventory | 10.4B | 10.2B | 13.0B | 15.4B | 16.5B | 13.2B | |
| Other Current Assets | 8.0B | 7.4B | 6.4B | 6.8B | 7.2B | 5.4B | |
| Total Liab | 182.1B | 185.5B | 178.9B | 191.8B | 204.8B | 172.0B | |
| Intangible Assets | 3.5B | 3.3B | 3.2B | 3.0B | 2.9B | 2.8B | |
| Property Plant Equipment | 38.8B | 37.6B | 41.1B | 77.9B | 70.2B | 42.8B | |
| Cash | 19.1B | 20.0B | 20.1B | 19.2B | 18.9B | 15.7B | |
| Short Term Investments | 4.2B | 9.0B | 8.6B | 12.2B | 7.6B | 7.5B | |
| Common Stock Shares Outstanding | 1.4B | 1.4B | 1.5B | 1.5B | 1.4B | 1.5B | |
| Short Long Term Debt Total | 103.3B | 110.9B | 109.4B | 114.7B | 122.6B | 75.1B | |
| Total Current Liabilities | 84.9B | 79.9B | 74.4B | 91.2B | 94.4B | 78.8B | |
| Property Plant And Equipment Net | 80.8B | 77.5B | 79.0B | 77.9B | 80.9B | 59.8B | |
| Current Deferred Revenue | 3.2B | 3.1B | 2.5B | 2.5B | 2.8B | 4.9B | |
| Net Debt | 84.3B | 90.9B | 89.3B | 95.5B | 103.8B | 55.0B | |
| Non Current Assets Total | 153.0B | 154.3B | 162.6B | 163.6B | 171.4B | 131.7B | |
| Non Currrent Assets Other | 33.7B | 39.1B | 47.7B | 50.0B | 52.8B | 27.9B | |
| Cash And Short Term Investments | 23.2B | 29.0B | 28.7B | 31.3B | 26.5B | 28.7B | |
| Net Receivables | 33.4B | 34.2B | 34.0B | 47.0B | 51.5B | 28.7B | |
| Liabilities And Stockholders Equity | 228.0B | 235.2B | 244.7B | 264.0B | 273.1B | 213.5B | |
| Non Current Liabilities Total | 97.2B | 105.6B | 104.5B | 100.6B | 110.3B | 93.8B | |
| Other Stockholder Equity | 26.1B | 26.5B | 27.1B | 26.4B | 19.1B | 27.3B | |
| Property Plant And Equipment Gross | 80.8B | 77.5B | 79.0B | 77.9B | 123.8B | 62.7B | |
| Total Current Assets | 75.0B | 80.9B | 82.1B | 100.5B | 101.6B | 81.8B | |
| Accumulated Other Comprehensive Income | (11.2B) | (13.5B) | (9.3B) | (7.9B) | (10.2B) | (10.8B) | |
| Short Term Debt | 37.4B | 36.9B | 33.7B | 38.8B | 39.0B | 24.6B | |
| Net Tangible Assets | 36.5B | 39.8B | 54.7B | 62.8B | 72.3B | 38.8B | |
| Noncontrolling Interest In Consolidated Entity | 3.9B | 4.2B | 4.6B | 6.1B | 7.0B | 7.3B | |
| Retained Earnings Total Equity | 22.3B | 26.9B | 32.0B | 41.9B | 48.2B | 50.6B |
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Try AI Portfolio ArchitectCheck out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in General Motors. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in population. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.
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When running GM's price analysis, check to measure GM's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy GM is operating at the current time. Most of GM's value examination focuses on studying past and present price action to predict the probability of GM's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move GM's price. Additionally, you may evaluate how the addition of GM to your portfolios can decrease your overall portfolio volatility.
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Is GM's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of GM. If investors know GM will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about GM listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.135 | Dividend Share 0.36 | Earnings Share 7.32 | Revenue Per Share 125.984 | Quarterly Revenue Growth (0) |
The market value of General Motors is measured differently than its book value, which is the value of GM that is recorded on the company's balance sheet. Investors also form their own opinion of GM's value that differs from its market value or its book value, called intrinsic value, which is GM's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because GM's market value can be influenced by many factors that don't directly affect GM's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between GM's value and its price as these two are different measures arrived at by different means. Investors typically determine if GM is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, GM's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.