General Income Before Tax vs Gross Profit Analysis

0R0E Stock

52.70 0.90 1.74%

General Motors 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 General Motors Income Before Tax and its Gross Profit accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in General Motors Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

For more information on how to buy General Stock please use our How to Invest in General Motors guide.

Income Before Tax vs Gross Profit

Income Before Tax vs Gross Profit Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of General Motors Income Before Tax account and Gross Profit. At this time, the significance of the direction appears to have almost identical trend.

The correlation between General Motors' Income Before Tax and Gross Profit is 0.93. Overlapping area represents the amount of variation of Income Before Tax that can explain the historical movement of Gross Profit in the same time period over historical financial statements of General Motors Co, assuming nothing else is changed. The correlation between historical values of General Motors' Income Before Tax and Gross Profit is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Income Before Tax of General Motors Co are associated (or correlated) with its Gross Profit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Gross Profit has no effect on the direction of Income Before Tax i.e., General Motors' Income Before Tax and Gross Profit go up and down completely randomly.

Correlation Coefficient

0.93

Relationship Direction	Positive
Relationship Strength	Very Strong

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Income Before Tax

Income Before Tax which can also be referred as pre-tax income is reported on General Motors income statement and is an important metric when analyzing General Motors profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of General Motors Co minus its cost of goods sold. It is profit before General Motors operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Most indicators from General Motors' 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 Trending Equities to better understand how to build diversified portfolios, which includes a position in General Motors Co. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

For more information on how to buy General Stock please use our How to Invest in General Motors guide.Tax Provision is likely to drop to about 1.6 B in 2024. Selling General Administrative is likely to drop to about 6.5 B in 2024

	2020	2021	2023	2024 (projected)
Interest Income	366M	1.5B	1.3B	1.7B
Tax Provision	1.8B	2.8B	2.5B	1.6B

Interest Income Tax Provision

General Motors fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Total Current Liabilities	Total Stockholder Equity	Retained Earnings	Cash	Other Assets	Long Term Debt	Cash And Short Term Investments	Net Receivables	Good Will	Short Term Investments	Capital Surpluse	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Total Current Assets	Intangible Assets	Common Stock	Property Plant Equipment	Other Current Liab	Other Liab	Net Tangible Assets	Accounts Payable
Total Assets		0.96	0.86	0.94	0.95	0.92	-0.67	0.96	0.95	0.71	0.91	0.23	0.97	0.86	-0.64	0.0	0.93	0.96	-0.95	0.86	-0.79	-0.85	-0.8	0.93	0.7
Short Long Term Debt Total	0.96		0.82	0.9	0.9	0.88	-0.73	1.0	0.97	0.74	0.92	0.39	0.94	0.86	-0.71	0.12	0.91	0.94	-0.88	0.87	-0.7	-0.84	-0.83	0.91	0.74
Total Current Liabilities	0.86	0.82		0.75	0.8	0.77	-0.8	0.82	0.75	0.83	0.87	0.12	0.89	0.83	-0.46	0.17	0.87	0.92	-0.76	0.71	-0.6	-0.87	-0.83	0.81	0.88
Total Stockholder Equity	0.94	0.9	0.75		0.99	0.84	-0.5	0.9	0.9	0.73	0.78	0.3	0.87	0.9	-0.55	0.01	0.76	0.94	-0.89	0.75	-0.72	-0.72	-0.76	0.98	0.66
Retained Earnings	0.95	0.9	0.8	0.99		0.86	-0.55	0.9	0.91	0.76	0.78	0.29	0.88	0.9	-0.54	-0.02	0.78	0.96	-0.91	0.72	-0.75	-0.76	-0.77	0.98	0.68
Cash	0.92	0.88	0.77	0.84	0.86		-0.52	0.88	0.9	0.48	0.74	-0.04	0.82	0.64	-0.78	-0.23	0.89	0.84	-0.92	0.69	-0.95	-0.7	-0.62	0.78	0.49
Other Assets	-0.67	-0.73	-0.8	-0.5	-0.55	-0.52		-0.73	-0.64	-0.73	-0.84	-0.35	-0.77	-0.69	0.48	-0.49	-0.77	-0.71	0.61	-0.73	0.32	0.94	0.89	-0.63	-0.81
Long Term Debt	0.96	1.0	0.82	0.9	0.9	0.88	-0.73		0.97	0.74	0.92	0.39	0.94	0.86	-0.71	0.12	0.91	0.94	-0.88	0.87	-0.7	-0.84	-0.83	0.91	0.74
Cash And Short Term Investments	0.95	0.97	0.75	0.9	0.91	0.9	-0.64	0.97		0.68	0.85	0.41	0.89	0.79	-0.69	-0.07	0.87	0.91	-0.89	0.78	-0.76	-0.77	-0.72	0.89	0.62
Net Receivables	0.71	0.74	0.83	0.73	0.76	0.48	-0.73	0.74	0.68		0.75	0.55	0.76	0.93	-0.2	0.39	0.6	0.87	-0.56	0.58	-0.24	-0.75	-0.83	0.84	0.95
Good Will	0.91	0.92	0.87	0.78	0.78	0.74	-0.84	0.92	0.85	0.75		0.39	0.98	0.83	-0.5	0.23	0.94	0.87	-0.81	0.94	-0.54	-0.91	-0.85	0.82	0.78
Short Term Investments	0.23	0.39	0.12	0.3	0.29	-0.04	-0.35	0.39	0.41	0.55	0.39		0.33	0.46	0.05	0.32	0.13	0.32	-0.12	0.34	0.25	-0.28	-0.35	0.39	0.39
Capital Surpluse	0.97	0.94	0.89	0.87	0.88	0.82	-0.77	0.94	0.89	0.76	0.98	0.33		0.87	-0.53	0.14	0.95	0.93	-0.89	0.93	-0.64	-0.9	-0.85	0.9	0.77
Inventory	0.86	0.86	0.83	0.9	0.9	0.64	-0.69	0.86	0.79	0.93	0.83	0.46	0.87		-0.39	0.36	0.7	0.94	-0.74	0.75	-0.43	-0.8	-0.9	0.97	0.89
Other Current Assets	-0.64	-0.71	-0.46	-0.55	-0.54	-0.78	0.48	-0.71	-0.69	-0.2	-0.5	0.05	-0.53	-0.39		-0.08	-0.65	-0.54	0.62	-0.55	0.71	0.51	0.52	-0.5	-0.33
Other Stockholder Equity	0.0	0.12	0.17	0.01	-0.02	-0.23	-0.49	0.12	-0.07	0.39	0.23	0.32	0.14	0.36	-0.08		-0.01	0.1	0.14	0.28	0.45	-0.3	-0.54	0.16	0.54
Total Liab	0.93	0.91	0.87	0.76	0.78	0.89	-0.77	0.91	0.87	0.6	0.94	0.13	0.95	0.7	-0.65	-0.01		0.85	-0.88	0.87	-0.76	-0.87	-0.75	0.76	0.65
Total Current Assets	0.96	0.94	0.92	0.94	0.96	0.84	-0.71	0.94	0.91	0.87	0.87	0.32	0.93	0.94	-0.54	0.1	0.85		-0.87	0.75	-0.68	-0.85	-0.85	0.97	0.83
Intangible Assets	-0.95	-0.88	-0.76	-0.89	-0.91	-0.92	0.61	-0.88	-0.89	-0.56	-0.81	-0.12	-0.89	-0.74	0.62	0.14	-0.88	-0.87		-0.79	0.87	0.83	0.73	-0.87	-0.51
Common Stock	0.86	0.87	0.71	0.75	0.72	0.69	-0.73	0.87	0.78	0.58	0.94	0.34	0.93	0.75	-0.55	0.28	0.87	0.75	-0.79		-0.51	-0.83	-0.81	0.77	0.63
Property Plant Equipment	-0.79	-0.7	-0.6	-0.72	-0.75	-0.95	0.32	-0.7	-0.76	-0.24	-0.54	0.25	-0.64	-0.43	0.71	0.45	-0.76	-0.68	0.87	-0.51		0.55	0.41	-0.62	-0.23
Other Current Liab	-0.85	-0.84	-0.87	-0.72	-0.76	-0.7	0.94	-0.84	-0.77	-0.75	-0.91	-0.28	-0.9	-0.8	0.51	-0.3	-0.87	-0.85	0.83	-0.83	0.55		0.93	-0.8	-0.79
Other Liab	-0.8	-0.83	-0.83	-0.76	-0.77	-0.62	0.89	-0.83	-0.72	-0.83	-0.85	-0.35	-0.85	-0.9	0.52	-0.54	-0.75	-0.85	0.73	-0.81	0.41	0.93		-0.86	-0.88
Net Tangible Assets	0.93	0.91	0.81	0.98	0.98	0.78	-0.63	0.91	0.89	0.84	0.82	0.39	0.9	0.97	-0.5	0.16	0.76	0.97	-0.87	0.77	-0.62	-0.8	-0.86		0.77
Accounts Payable	0.7	0.74	0.88	0.66	0.68	0.49	-0.81	0.74	0.62	0.95	0.78	0.39	0.77	0.89	-0.33	0.54	0.65	0.83	-0.51	0.63	-0.23	-0.79	-0.88	0.77

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General Motors Account Relationship Matchups

General Motors fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	227.3B	228.0B	235.2B	244.7B	281.4B	252.5B
Short Long Term Debt Total	73.1B	65.9B	73.0B	75.7B	87.0B	78.1B
Total Current Liabilities	84.9B	79.9B	74.4B	91.2B	104.8B	89.7B
Total Stockholder Equity	38.9B	41.8B	45.0B	59.7B	68.7B	48.5B
Retained Earnings	26.9B	32.0B	41.9B	49.3B	56.6B	34.8B
Cash	20.8B	19.1B	20.0B	20.1B	23.1B	21.0B
Other Assets	30.1B	29.0B	30.2B	26.2B	23.6B	22.9B
Long Term Debt	73.1B	65.9B	73.0B	75.7B	87.0B	78.1B
Cash And Short Term Investments	26.8B	23.2B	29.0B	28.7B	33.0B	29.0B
Net Receivables	6.8B	8.0B	7.4B	13.3B	15.3B	9.2B
Good Will	1.9B	1.9B	1.9B	1.9B	2.2B	2.1B
Short Term Investments	6.0B	4.2B	9.0B	8.6B	9.9B	7.9B
Capital Surpluse	25.6B	26.1B	26.5B	27.1B	31.1B	28.7B
Inventory	10.4B	10.2B	13.0B	15.4B	17.7B	12.7B
Other Current Assets	5.8B	5.2B	4.1B	4.7B	4.2B	3.8B
Other Stockholder Equity	(11.2B)	(13.5B)	(9.3B)	(7.9B)	(7.1B)	(7.5B)
Total Liab	188.5B	186.2B	190.2B	185.0B	212.7B	204.0B
Total Current Assets	75.0B	80.9B	82.1B	100.5B	115.5B	88.5B
Intangible Assets	3.7B	3.5B	3.3B	3.2B	2.9B	2.8B
Property Plant Equipment	39.9B	38.6B	42.2B	46.3B	41.7B	38.0B
Other Current Liab	6.2B	6.2B	6.2B	5.5B	5.0B	4.9B
Other Liab	30.2B	31.7B	27.8B	23.7B	21.3B	22.8B
Net Tangible Assets	36.5B	39.8B	54.7B	62.8B	72.3B	49.9B
Accounts Payable	21.0B	19.9B	20.4B	27.5B	31.6B	24.4B

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General Income Before Tax vs Gross Profit Analysis

Income Before Tax vs Gross Profit

Income Before Tax vs Gross Profit Correlation Analysis

Correlation Coefficient

Income Before Tax

Gross Profit

General Motors fundamental ratios Correlations

General Motors Account Relationship Matchups

High Positive Relationship

High Negative Relationship

General Motors fundamental ratios Accounts

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Long Term Debt	+ 1.0	Short Long Term Debt Total
Retained Earnings	+ 0.99	Total Stockholder Equity
Net Tangible Assets	+ 0.98	Total Stockholder Equity
Net Tangible Assets	+ 0.98	Retained Earnings
Capital Surpluse	+ 0.98	Good Will
Capital Surpluse	+ 0.97	Total Assets

Property Plant Equipment	- 0.95	Cash
Intangible Assets	- 0.95	Total Assets
Intangible Assets	- 0.92	Cash
Other Current Liab	- 0.91	Good Will
Intangible Assets	- 0.91	Retained Earnings
Other Liab	- 0.9	Inventory