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GM (General Motors Co) ROC (Joel Greenblatt) % : 13.53% (As of Mar. 2025)


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What is General Motors Co ROC (Joel Greenblatt) %?

Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits). He defines ROC (Joel Greenblatt) % as EBIT divided by the total of Property, Plant and Equipment and net working capital. General Motors Co's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2025 was 13.53%.

The historical rank and industry rank for General Motors Co's ROC (Joel Greenblatt) % or its related term are showing as below:

GM' s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: 8.5   Med: 12.55   Max: 21.24
Current: 8.5

During the past 13 years, General Motors Co's highest ROC (Joel Greenblatt) % was 21.24%. The lowest was 8.50%. And the median was 12.55%.

GM's ROC (Joel Greenblatt) % is ranked worse than
58.68% of 1319 companies
in the Vehicles & Parts industry
Industry Median: 11.75 vs GM: 8.50

General Motors Co's 5-Year average Growth Rate of ROC (Joel Greenblatt) % was -1.00% per year.


General Motors Co ROC (Joel Greenblatt) % Historical Data

The historical data trend for General Motors Co's ROC (Joel Greenblatt) % 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.

* Premium members only.

General Motors Co ROC (Joel Greenblatt) % Chart

General Motors Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
ROC (Joel Greenblatt) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.73 15.34 13.50 11.59 8.98

General Motors Co Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
ROC (Joel Greenblatt) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 15.18 14.51 14.82 -8.74 13.53

Competitive Comparison of General Motors Co's ROC (Joel Greenblatt) %

For the Auto Manufacturers subindustry, General Motors Co's ROC (Joel Greenblatt) %, along with its competitors' market caps and ROC (Joel Greenblatt) % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


General Motors Co's ROC (Joel Greenblatt) % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, General Motors Co's ROC (Joel Greenblatt) % distribution charts can be found below:

* The bar in red indicates where General Motors Co's ROC (Joel Greenblatt) % falls into.


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General Motors Co ROC (Joel Greenblatt) % Calculation

Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits) . He defines Return on Capital as follows:

ROC (Joel Greenblatt) %=EBIT/Average of (Net fixed Assets + Net Working Capital)

EBIT stands for Earnings Before Interest and Taxes.

Fixed Assets are also known as non-current assets. They include the Property, Plant and Equipment that the firm needs in its operation.

GuruFocus calculates net working capital as: (Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Deferred Revenue + Other Current Liabilities). We're trying to account for OPERATING assets and liabilities (part of daily business) when calculating working capital. Cash and marketable securities are considered NON-OPERATING assets and are not included in calculation. We will also back out all interest bearing debt, short term debt and the portion of long term debt that is due in the current period from the current liabilities. This debt will be considered when computing cost of capital and it would be inappropriate to count it twice.

Working Capital(Q: Dec. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(59189 + 14564 + 7655) - (53463 + 3371 + -1)
=24575

Working Capital(Q: Mar. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(59453 + 15253 + 7811) - (54813 + 0 + 0)
=27704

When net working capital is negative, 0 is used.

So ROC (Joel Greenblatt) % of General Motors Co for the quarter that ended in Mar. 2025 can be restated as:

ROC (Joel Greenblatt) %(Q: Mar. 2025 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2024  Q: Mar. 2025
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=14896/( ( (83490 + max(24575, 0)) + (84367 + max(27704, 0)) )/ 2 )
=14896/( ( 108065 + 112071 )/ 2 )
=14896/110068
=13.53 %

Note: The EBIT data used here is four times the quarterly (Mar. 2025) EBIT data.

* 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.


General Motors Co  (NYSE:GM) ROC (Joel Greenblatt) % Explanation

The way Joel Greenblatt defines Return on Capital is a more accurate measure of how efficiently the company generates returns onthe capital actually invested in the business. EBIT is used instead of net income because the tax and interest payment may be affected by factors other than the core business operation. Intangible assets are not included in the calculation because they don't need to be replaced.

Joel Greenblatt uses his definition of Return on Capital and Earnings Yield (Joel Greenblatt) % to rank companies.


General Motors Co ROC (Joel Greenblatt) % Related Terms

Thank you for viewing the detailed overview of General Motors Co's ROC (Joel Greenblatt) % provided by GuruFocus.com. Please click on the following links to see related term pages.


General Motors Co Business Description

Address
300 Renaissance Center, Detroit, MI, USA, 48265-3000
General Motors Co. emerged from the bankruptcy of General Motors Corp. (old GM) in July 2009. GM has eight brands and operates under three segments: GM North America, GM International, and GM Financial. The United States now has four brands instead of eight under old GM. The company regained its US market share leadership in 2022, after losing it to Toyota due to the chip shortage in 2021. 2024's share was 17.0%. The Cruise autonomous vehicle arm, which GM now owns outright, previously operated driverless geofenced AV robotaxi services in San Francisco and other cities, but after a 2023 accident, GM decided that it will focus on personal AVs. GM Financial became the company's captive finance arm in 2010 via the purchase of AmeriCredit.
Executives
Rory Harvey officer: Executive Vice President 300 RENAISSANCE CENTER, M/C: 482-C24-A68, DETROIT MI 48265
Craig B. Glidden officer: Executive Vice President & GC 300 RENAISSANCE CENTER., M/C: 482-C25-A36, DETROIT MI 48265-3000
Mary T Barra officer: Vice President 300 RENAISSANCE CENTER, M/C: 482-C25-A36, DETROIT MI 48265-3000
Mark L Reuss officer: Vice President 300 RENAISSANCE CENTER, M/C: 482-C25-A36, DETROIT MI 48265-3000
Paul A Jacobson officer: Executive Vice President & CFO 300 RENAISSANCE CENTER, M/C: 482-C24-A68, DETROIT MI 48265
Julian G. Blissett officer: Executive Vice President 300 RENAISSANCE CENTER, M/C: 482-C24-A68, DETROIT MI 48265
Christopher Hatto officer: VP, Controller & CAO 27175 HAGGERTY ROAD, NOVI MI 49377
Gerald Johnson officer: Executive Vice President 300 RENAISSANCE CENTER, M/C: 482-C23-A68, DETROIT MI 48265
Jan E Tighe director C/O GOLDMAN SACHS & CO. LLC, 200 WEST STREET, NEW YORK NY 10282
Michael Robert Abbott officer: Executive Vice President 300 RENAISSANCE CENTER, M/C: 482-C24-A68, DETROIT MI 48265
Stephen K. Carlisle officer: Executive Vice President 300 RENAISSANCE CENTER, M/C: 482-C24-A68, DETROIT MI 48265
Jon Mcneill director 45500 FREMONT BLVD, FREMONT CA 94538
Joanne C. Crevoiserat director 6301 FITCH PATH, NEW ALBANY OH 43054
Wesley G Bush director 333 MAPLE AVENUE EAST, #3080, VIENNA VA 22180
Patricia F Russo director 300 RENAISSANCE CENTER, M/C: 482-C24-A68, DETROIT MI 48265