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General Motors Company  (GM)
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GM's Net Income Growth by Quarter and Year

General Motors's Net Income results by quarter and year




GM Net Income (in millions $) FY 2023 FY 2022 FY 2021 FY 2020
IV Quarter December 1,993.00 2,007.00 1,766.00 2,797.00
III Quarter September 2,994.00 3,252.00 2,386.00 4,018.00
II Quarter June 2,507.00 1,642.00 2,779.00 -780.00
I Quarter March 2,346.00 2,807.00 3,014.00 286.00
FY   9,840.00 9,708.00 9,945.00 6,321.00



GM Net Income fourth quarter 2023 Y/Y Growth Comment
General Motors Company reported decrease in Net Income in the fourth quarter 2023 by -0.7% to $ 1,993.00 millions, from the same quarter in 2022.
Despite modest results in the fourth quarter 2023, contraction in General Motors Company's Net Income appears to be smaller than Company's recent average decline.

According to the results reported in the fourth quarter 2023, General Motors Company achieved the best Net Income growth in EV, Auto & Truck Manufacturers industry. While General Motors Company' s Net Income decline of -0.7% ranks overall at the positon no. 63 in the fourth quarter 2023.




GM Net Income ( Y/Y Growth %) 2023
2022 2021 2020
IV Quarter December -0.7 % 13.65 % -36.86 % -
III Quarter September -7.93 % 36.3 % -40.62 % 73.86 %
II Quarter June 52.68 % -40.91 % - -
I Quarter March -16.42 % -6.87 % 953.85 % -86.67 %
FY   1.36 % -2.38 % 57.33 % -5.19 %

Financial Statements
General Motors's fourth quarter 2023 Net Income $ 1,993.00 millions GM's Income Statement
General Motors's fourth quarter 2022 Net Income $ 2,007.00 millions Quarterly GM's Income Statement
New: More GM's historic Net Income Growth >>


GM Net Income (Quarter on Quarter Growth %)

2023
2022 2021 2020
IV Quarter December -33.43 % -38.28 % -25.98 % -30.39 %
III Quarter September 19.43 % 98.05 % -14.14 % -
II Quarter June 6.86 % -41.5 % -7.8 % -
I Quarter March 16.89 % 58.95 % 7.76 % -
FY (Year on Year)   1.36 % -2.38 % 57.33 % -5.19 %




Net Income fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
EV, Auto & Truck Manufacturers Industry #1
Consumer Discretionary Sector #4
Overall #63

Net Income Y/Y Growth Statistics
High Average Low
1788.36 % -72.26 % -3426.14 %
(Sep 30 2019)   (June 30. 2008)
Net Income fourth quarter 2023 Y/Y Growth Company Ranking
Within: No.
EV, Auto & Truck Manufacturers Industry #1
Consumer Discretionary Sector #4
Overall #63
Net Income Y/Y Growth Statistics
High Average Low
1788.36 % -72.26 % -3426.14 %
(Sep 30 2019)   (June 30. 2008)

Net Income by Quarter for the Fiscal Years 2020, 2021, 2022, 2023

General Motors's Q/Q Net Income Growth


Net Income Q/Q Growth Statistics
High Average Low
1337.1 % 44.15 % -93.47 %
(June 30. 2007)  


GM's IV. Quarter Q/Q Net Income Comment
In the IV. Quarter 2023 General Motors Company reported fall in Net Income from the previous quarter by -33.43% to $ 1,993.00 millions, from $ 2,994.00 millions declared in the previous reporting period.

But that's not important problem, as Net Income generally gravitate to dip in this quarter.

Within EV, Auto & Truck Manufacturers industry only one company achieved higher sequential Net Income growth. While General Motors's Net Income growth quarter on quarter, overall rank is 95.


Net Income Q/Q Growth Company Ranking
Within: No.
EV, Auto & Truck Manufacturers Industry #2
Consumer Discretionary Sector #8
Overall #95
Net Income Q/Q Growth Company Ranking
Within: No.
EV, Auto & Truck Manufacturers Industry #2
Consumer Discretionary Sector #8
Overall #95
Net Income Q/Q Growth Statistics
High Average Low
1337.1 % 44.15 % -93.47 %
(June 30. 2007)  


GM's IV. Quarter Q/Q Net Income Comment
In the IV. Quarter 2023 General Motors Company disclosed fall in Net Income from the third quarter by -33.43% to $ 1,993.00 millions, from $ 2,994.00 millions released in the previous reporting period.

This is not big issue, as Net Income frequently tend to slow in this quarter.

Within EV, Auto & Truck Manufacturers industry only one company achieved higher sequential Net Income growth. While General Motors's Net Income growth quarter on quarter, overall rank is 95.


General Motors's 12 Months Net Income Growth Year on Year


Net Income TTM Growth

12 Months Ending
(Dec 31 2023)
12 Months Ending
(Sep 30 2023)
12 Months Ending
(Jun 30 2023)
12 Months Ending
(Mar 31 2023)
12 Months Ending
(Dec 31 2022)
Cumulative Net Income 12 Months Ending $ 9,840.00 $ 9,854.00 $ 10,112.00 $ 9,247.00 $ 9,708.00
Y / Y Net Income Growth (TTM) 1.36 % 4.09 % 17.57 % -5.04 % -2.38 %
Year on Year Net Income Growth Overall Ranking # 723 # 1226 # 1606 # 61 # 309
Seqeuential Net Income Change (TTM) -0.14 % -2.55 % 9.35 % -4.75 % 2.55 %
Seq. Net Income Growth (TTM) Overall Ranking # 106 # 780 # 255 # 76 # 1035




Cumulative Net Income growth Comment
Assuming the General Motors's fiscal year would have ended in Dec 31 2023, General Motors would have reprted above average annual Net Income improvement of 1.36% year on year, of $ 9,840 millions.
This marks a slow-down of the companys growth trends and from the 4.09% growth in Sep 30 2023. But still, General Motors had highest Net Income growth, in EV, Auto & Truck Manufacturers industry.

Within the Consumer Discretionary sector 31 other companies have achieved higher trailing twelve month Net Income growth. While Total ranking has impoved so far to 723, from total ranking in previous quarter at 1226.

Net Income TTM Q/Q Growth Statistics
High Average Low
1788.36 %
-72.26 %
-3426.14 %
 

Net Income TTM Y/Y Growth Company Ranking
Within: No.
EV, Auto & Truck Manufacturers Industry # 1
Consumer Discretionary Sector # 32
Overall # 723

Net Income TTM Y/Y Growth Statistics
High Average Low
1788.36 %
-72.26 %
-3426.14 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 1
Sector # 6
S&P 500 # 106
Cumulative Net Income growth Comment
Assuming the General Motors's fiscal year would have ended in Dec 31 2023, General Motors would have reprted above average annual Net Income improvement of 1.36% year on year, of $ 9,840 millions.
This marks a slow-down of the companys growth trends and from the 4.09% growth in Sep 30 2023. But still, General Motors had highest Net Income growth, in EV, Auto & Truck Manufacturers industry.

Within the Consumer Discretionary sector 31 other companies have achieved higher trailing twelve month Net Income growth. While Total ranking has impoved so far to 723, from total ranking in previous quarter at 1226.

Net Income TTM Q/Q Growth Statistics
High Average Low
1788.36 %
-72.26 %
-3426.14 %
 


Net Income TTM Y/Y Growth Company Ranking
Within: No.
EV, Auto & Truck Manufacturers Industry # 1
Consumer Discretionary Sector # 32
Overall # 723

Net Income TTM Y/Y Growth Statistics
High Average Low
1788.36 %
-72.26 %
-3426.14 %
 


Net Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 1
Sector # 6
S&P 500 # 106




Other Net Income Growth
EV, Auto & Truck Manufacturers Industry Net Income Growth Trends and Statistics
Consumer Discretionary Sector Net Income Growth Statistics
Net Income Growth Trends for overall market
GM's Net Income Growth Ratio versus EV, Auto & Truck Manufacturers Industry, Consumer Discretionary Sector and total Market
Highest Ranking Net Income Growth
Lowest Ranking Net Income Growth
Net Income Growth for GM's Competitors
Net Income Growth for General Motors's Suppliers
Net Income Growth for GM's Customers

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GM's Roe GM's Valuation Ratios GM's Financial Strength Ratios GM's Dividend Payout Ratio
GM's Roa GM's Inventory Turnover Ratio GM's Growth Rates GM's Dividend Comparisons



Companies with similar Net Income growth for the quarter ending Dec 31 2023 within Consumer Discretionary SectorY/Y Change %Net Income for the quarter ending Dec 31 2023
Graybar Electric Company Inc -0.31%$ -0.309 millions
General Motors Company-0.70%$ -0.698 millions
Tapestry Inc -2.30%$ -2.304 millions
Under Armour Inc -6.15%$ -6.146 millions
Lsi Industries Inc -7.96%$ -7.963 millions
Power Solutions International Inc -10.18%$ -10.183 millions
Toyota Motor Corp-13.28%$ -13.276 millions
Bel Fuse Inc-14.27%$ -14.267 millions
Weyco Group inc -16.44%$ -16.435 millions
Standard Motor Products Inc -17.77%$ -17.774 millions
Patrick Industries Inc -23.30%$ -23.303 millions
Tempur Sealy International Inc -24.20%$ -24.195 millions
Columbia Sportswear Company-25.74%$ -25.738 millions
Canada Goose Holdings Inc -27.17%$ -27.167 millions
General Electric Company-28.88%$ -28.878 millions
Johnson Outdoors Inc -32.73%$ -32.727 millions
Borgwarner Inc -37.28%$ -37.276 millions
Ethan Allen Interiors Inc -38.18%$ -38.184 millions
Harley davidson Inc -41.32%$ -41.316 millions
Arrow Electronics Inc -44.58%$ -44.584 millions
Capri Holdings Ltd-53.33%$ -53.333 millions
Brunswick Corporation-57.02%$ -57.022 millions
Universal Security Instruments Inc-70.06%$ -70.064 millions
Jerash Holdings us Inc -73.94%$ -73.937 millions
Wesco International Inc -75.27%$ -75.275 millions
Lci Industries-84.14%$ -84.139 millions
Garrett Motion Inc -92.11%$ -92.105 millions
Fox Factory Holding Corp -92.35%$ -92.351 millions
Emerson Electric Co -94.33%$ -94.325 millions
Luvu Brands Inc -95.83%$ -95.827 millions




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