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

General Motors's Operating Income results by quarter and year




GM Operating Income (in millions $) FY 2023 FY 2022 FY 2021 FY 2020
IV Quarter December - 2,611.00 1,520.00 2,767.00
III Quarter September - 3,392.00 1,645.00 4,424.00
II Quarter June 2,789.00 2,116.00 2,882.00 -1,214.00
I Quarter March 2,578.00 2,196.00 3,277.00 657.00
FY   5,367.00 10,315.00 9,324.00 6,634.00



GM Operating Income second quarter 2023 Y/Y Growth Comment
General Motors Company achieved in the second quarter 2023, above Company average Operating Income growth of 31.81% year on year, to $ 2,789.00 millions.

Among companies who have reported second quarter 2023 results in the Auto & Truck Manufacturers industry only one Company has achieved higher year on year Operating Income results in the second quarter 2023. While General Motors Company' s Operating Income rise of 31.81% ranks overall at the positon no. 96 in the second quarter 2023.

Explain Operating Income growth


GM Operating Income ( Y/Y Growth %) 2023
2022 2021 2020
IV Quarter December - 71.78 % -45.07 % -
III Quarter September - 106.2 % -62.82 % 92.01 %
II Quarter June 31.81 % -26.58 % - -
I Quarter March 17.4 % -32.99 % 398.78 % -47.19 %
FY   - 10.63 % 40.55 % 21.04 %

Financial Statements
General Motors's second quarter 2023 Operating Income $ 2,789.00 millions GM's Income Statement
General Motors's second quarter 2022 Operating Income $ 2,116.00 millions Quarterly GM's Income Statement
New: More GM's historic Operating Income Growth >>


GM Operating Income (Quarter on Quarter Growth %)

2023
2022 2021 2020
IV Quarter December - -23.02 % -7.6 % -37.45 %
III Quarter September - 60.3 % -42.92 % -
II Quarter June 8.18 % -3.64 % -12.05 % -
I Quarter March -1.26 % 44.47 % 18.43 % -
FY (Year on Year)   - 10.63 % 40.55 % 21.04 %




Operating Income second quarter 2023 Y/Y Growth Company Ranking
Within: No.
Auto & Truck Manufacturers Industry #2
Consumer Discretionary Sector #11
Overall #96

Operating Income Y/Y Growth Statistics
High Average Low
1019.03 % -178.04 % -8476.42 %
(Jun 30 2021)   (Sep. 30, 2015)
Operating Income second quarter 2023 Y/Y Growth Company Ranking
Within: No.
Auto & Truck Manufacturers Industry #2
Consumer Discretionary Sector #11
Overall #96
Operating Income Y/Y Growth Statistics
High Average Low
1019.03 % -178.04 % -8476.42 %
(Jun 30 2021)   (Sep. 30, 2015)

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

General Motors's Q/Q Operating Income Growth


Operating Income Q/Q Growth Statistics
High Average Low
218.97 % 14.82 % -92.69 %
(Mar 31 2019)  


GM's II. Quarter Q/Q Operating Income Comment
General Motors Company achieved in the II. Quarter 2023 below company average Operating Income increase of 8.18% quarter on quarter, to $ 2,789.00 millions.

II. Quarter 2023 GM's Operating Income sequential growth were contradictory, even if below the average, yet it presents absolute recovery relative to the -3.64% in the II. Quarter a year ago Pranav D'souza, a business advisor said.

Within Auto & Truck Manufacturers industry 4 other companies have achieved higher Operating Income quarter on quarter growth. While General Motors's Operating Income growth quarter on quarter, overall rank is 1026.


Operating Income Q/Q Growth Company Ranking
Within: No.
Auto & Truck Manufacturers Industry #5
Consumer Discretionary Sector #54
Overall #1026
Operating Income Q/Q Growth Company Ranking
Within: No.
Auto & Truck Manufacturers Industry #5
Consumer Discretionary Sector #54
Overall #1026
Operating Income Q/Q Growth Statistics
High Average Low
218.97 % 14.82 % -92.69 %
(Mar 31 2019)  


GM's II. Quarter Q/Q Operating Income Comment
General Motors Company achieved in the II. Quarter 2023 below company average Operating Income increase of 8.18% quarter on quarter, to $ 2,789.00 millions.

Albeit the II. Quarter 2023 results were beneath the average , it has been yet encouraging news, as the II. Quarter expension, transcends the -3.64% growth in the same quarter a year ago

Within Auto & Truck Manufacturers industry 4 other companies have achieved higher Operating Income quarter on quarter growth. While General Motors's Operating Income growth quarter on quarter, overall rank is 1026.


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


Operating Income TTM Growth

12 Months Ending
(Jun 30 2023)
12 Months Ending
(Mar 31 2023)
12 Months Ending
(Dec 31 2022)
12 Months Ending
(Sep 30 2022)
12 Months Ending
(Jun 30 2022)
Cumulative Operating Income 12 Months Ending $ 11,370.00 $ 10,697.00 $ 10,315.00 $ 9,224.00 $ 7,477.00
Y / Y Operating Income Growth (TTM) 52.07 % 29.77 % 10.63 % -12.74 % -43.99 %
Year on Year Operating Income Growth Overall Ranking # 1918 # 98 # 389 # 118 # 1902
Seqeuential Operating Income Change (TTM) 6.29 % 3.7 % 11.83 % 23.36 % -9.29 %
Seq. Operating Income Growth (TTM) Overall Ranking # 1455 # 98 # 1601 # 326 # 2023




Cumulative Operating Income growth Comment
General Motors saw improvement in Operating Income growth trend, posting cumulative 12 months Operating Income growth of 52.07% year on year, to $ 11,370 millions if the fiscal year would have ended in Jun 30 2023.
General Motors's trailing twelve months Operating Income growth was higher than company's average -175.94% and higher than 29.77% growth in Mar 31 2023.
But sequential increase was less at 6.29 % from $10697 millions reported in the period from Mar 31 2023 to Jun 30 2022 Pranav D'souza added on.
Yet this was confirmation of convincing trend, while the average sequential growth lays at -175.94%.
The progress is even higher from the previous reporting period showed at 6.29 % rise from $10697 millions in twelve months ending a quarter before.

In the Consumer Discretionary sector 83 other companies have achieved higher trailing twelve month Operating Income growth. While Operating Income growth total ranking has deteriorated compare to previous quarter from 98 to 1918.

Operating Income TTM Q/Q Growth Statistics
High Average Low
1019.03 %
-175.94 %
-8476.42 %
 

Operating Income TTM Y/Y Growth Company Ranking
Within: No.
Auto & Truck Manufacturers Industry # 7
Consumer Discretionary Sector # 84
Overall # 1918

Operating Income TTM Y/Y Growth Statistics
High Average Low
1019.03 %
-175.94 %
-8476.42 %
 


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 7
Sector # 55
S&P 500 # 1455
Cumulative Operating Income growth Comment
General Motors saw improvement in Operating Income growth trend, posting cumulative 12 months Operating Income growth of 52.07% year on year, to $ 11,370 millions if the fiscal year would have ended in Jun 30 2023.
General Motors's trailing twelve months Operating Income growth was higher than company's average -175.94% and higher than 29.77% growth in Mar 31 2023.
But from twelve months ended Mar 31 2023 rise was beneth at 6.29 % from $10697 millions reported in twelve months ending a quarter Mar 31 2023.
Still this was validation of convincing trend, as the typical sequential growth stands at -175.94%.
The growth is even more impressive sequentially exhibited at 6.29 % jump from $10697 millions in the period from Mar 31 2023 to Jun 30 2022.

In the Consumer Discretionary sector 83 other companies have achieved higher trailing twelve month Operating Income growth. While Operating Income growth total ranking has deteriorated compare to previous quarter from 98 to 1918.

Operating Income TTM Q/Q Growth Statistics
High Average Low
1019.03 %
-175.94 %
-8476.42 %
 


Operating Income TTM Y/Y Growth Company Ranking
Within: No.
Auto & Truck Manufacturers Industry # 7
Consumer Discretionary Sector # 84
Overall # 1918

Operating Income TTM Y/Y Growth Statistics
High Average Low
1019.03 %
-175.94 %
-8476.42 %
 


Operating Income TTM Q/Q Growth Company Ranking
Within: No.
Industry # 7
Sector # 55
S&P 500 # 1455




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

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GM's Roa GM's Inventory Turnover Ratio GM's Growth Rates GM's Dividend Comparisons



Companies with similar Operating Income increase for the quarter ending Jun 30 2023 within Consumer Discretionary SectorY/Y Change %Operating Income for the quarter ending Jun 30 2023
Gentex Corporation48.37%$ 48.372 millions
Lsi Industries Inc 42.70%$ 42.696 millions
Motorcar Parts Of America Inc42.34%$ 42.345 millions
Skechers Usa Inc41.24%$ 41.240 millions
Borgwarner Inc 40.81%$ 40.809 millions
General Motors Company31.81%$ 31.805 millions
Allison Transmission Holdings Inc 29.41%$ 29.412 millions
Federal Signal Corporation28.57%$ 28.571 millions
Crocs inc 28.44%$ 28.442 millions
Deckers Outdoor Corp25.55%$ 25.550 millions
A O Smith Corporation21.88%$ 21.884 millions
Garrett Motion Inc 20.87%$ 20.870 millions
Acushnet Holdings Corp 20.26%$ 20.264 millions
Otis Worldwide Corporation19.10%$ 19.097 millions
Flexsteel Industries Inc 18.79%$ 18.789 millions
Weyco Group inc 18.27%$ 18.270 millions




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