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General Motors Company  (GM)
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General Motors's Effective Tax Rate by quarter

Trends, Rankings, Statistics



GM Effective Tax Rate (Jun 30 2024)
Q2
(Mar 31 2024)
Q1
(Dec 31 2023)
Q4
(Sep 30 2023)
Q3
(Jun 30 2023)
Q2
Y / Y Pre-Tax Income Change 20.27 % 33.87 % -56.16 % -15.45 % 42.07 %
Seq. Pre-Tax Income Change -1.94 % 227.31 % -67.23 % 14.36 % 9.15 %
Pre-Tax Income In Millions $3,643.00 $3,715.00 $1,135.00 $3,464.00 $3,029.00
Effective Tax Rate 21.05 % 20.51 % -75.51 % 13.57 % 17.23 %
Effective Tax Rate Total Ranking # 719 # 690 # # 401 # 550
Income taxes expenses / -benefit In Millions $767.00 $762.00 $-857.00 $470.00 $522.00
Y / Y Income taxes expenses / -benefit Change 46.93 % 78.04 % - -44.38 % 6.53 %
Seq. Income taxes expenses / -benefit Change 0.66 % - - -9.96 % 21.96 %


Commenting Second Quarter 2024 Effective Tax Rate
Company's effective tax rate in II. Quarter increased compared to the previous quarter to 21.05 %
, below company*s average Effective Tax Rate.


Looking into II. Quarter results within EV, Auto & Truck Manufacturers industry only one company achieved lower Effective Tax Rate. While Effective Tax Rate total ranking has deteriorated compare to previous quarter from 690 to 719.

GM's Effective Tax Rate second quarter 2024 Company Ranking
Within: No.
EV, Auto & Truck Manufacturers Industry # 2
Consumer Discretionary Sector # 28
Overall # 717

GM's Effective Tax Rate Statistics
High Average Low
253.51 % 27.5 % 3.8 %
(Dec 31 2017)   (Sep 30 2018)




Other Effective Tax Rate Profitability Ratios
GM's Cumulative Effective Tax Rate
EV, Auto & Truck Manufacturers Industry Effective Tax Rate Trends and Statistics
Consumer Discretionary Sector Effective Tax Rate Statistics
Effective Tax Rate Profitability Trends for overall market
GM's Effective Tax Rate Profitability versus EV, Auto & Truck Manufacturers Industry, Consumer Discretionary Sector and total Market
Highest Ranking Effective Tax Rate
Lowest Ranking Effective Tax Rate
Effective Tax Rate Profit Margin for GM's Competitors
Effective Tax Rate Profit Margin for General Motors's Suppliers
Effective Tax Rate Profit Margin for GM's Customers

You may also want to know
GM's Annual Growth Rates GM's Profitability Ratios GM's Asset Turnover Ratio GM's Dividend Growth
GM's Roe GM's Valuation Ratios GM's Financial Strength Ratios GM's Income taxes expenses / -benefit Growth
GM's Roa GM's Inventory Turnover Ratio GM's Growth Rates GM's Dividend Comparisons


Companies with similar Effective Tax Rate in the quarter ending Jun 30 2024, within EV, Auto & Truck Manufacturers Industry Effective Tax RateJun 30 2024 MRQ Income taxes expenses / -benefitJun 30 2024 MRQ Pre-Tax Income
Ford Motor Co  24.82 %$ 605.000  Millions$ 2,438.000  Millions
Federal Signal Corporation  21.55 %$ 16.700  Millions$ 77.500  Millions
General Motors Company  21.05 %$ 767.000  Millions$ 3,643.000  Millions
Tesla Inc   20.83 %$ 393.000  Millions$ 1,887.000  Millions




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