Goodyear Tire Rubber Stock Gross Profit

GT Stock

USD 10.74 0.26 2.36%

Goodyear Tire Rubber fundamentals help investors to digest information that contributes to Goodyear Tire's financial success or failures. It also enables traders to predict the movement of Goodyear Stock. The fundamental analysis module provides a way to measure Goodyear Tire's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Goodyear Tire stock.

	Last Reported	Projected for Next Year
Gross Profit	3.5 B	3.7 B
Gross Profit Margin	0.17	0.25

Gross Profit is likely to gain to about 3.7 B in 2024. Gross Profit Margin is likely to gain to 0.25 in 2024.

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Goodyear Tire Rubber Company Gross Profit Analysis

Goodyear Tire's Gross Profit is the most basic measure of business operational efficiency. It is simply the difference between sales revenue and the cost associated with making a product or providing a service. It is calculated before deducting administrative expenses, taxes, and interest payments.

Gross Profit

Revenue

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Cost of Revenue

More About Gross Profit | All Equity Analysis

Current Goodyear Tire Gross Profit

3.88 B

Most of Goodyear Tire's fundamental indicators, such as Gross Profit, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Goodyear Tire Rubber is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Goodyear Gross Profit Driver Correlations

Understanding the fundamental principles of building solid financial models for Goodyear Tire is extremely important. It helps to project a fair market value of Goodyear Stock properly, considering its historical fundamentals such as Gross Profit. Since Goodyear Tire's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Goodyear Tire's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Goodyear Tire's interrelated accounts and indicators.

	Total Assets	Total Stockholder Equity	Net Debt	Retained Earnings	Net Receivables	Total Liab	Total Current Assets	Short Term Debt	Accounts Payable	Intangible Assets	Common Stock	Long Term Debt	Good Will	Property Plant Equipment	Current Deferred Revenue	Short Term Investments	Net Tangible Assets	Long Term Debt Total	Capital Surpluse	Deferred Long Term Liab	Long Term Investments	Short Long Term Debt	Net Invested Capital	Net Working Capital	Capital Stock
Total Assets		0.26	0.66	0.29	0.8	0.91	0.74	0.56	0.95	0.32	0.05	0.93	0.58	0.81	0.54	0.28	0.42	0.72	0.27	0.4	0.41	0.39	0.52	-0.02	0.52
Total Stockholder Equity	0.26		0.56	0.94	-0.26	-0.18	-0.4	0.65	0.16	0.36	-0.5	0.26	0.25	0.5	0.02	0.62	0.71	0.34	-0.05	0.78	0.77	0.73	0.39	0.0	0.37
Net Debt	0.66	0.56		0.54	0.38	0.43	0.19	0.81	0.59	0.7	-0.29	0.73	0.55	0.81	0.36	0.68	0.86	0.72	-0.13	0.66	0.72	0.77	0.71	-0.33	0.83
Retained Earnings	0.29	0.94	0.54		-0.26	-0.11	-0.38	0.69	0.16	0.14	-0.5	0.24	0.05	0.47	-0.1	0.67	0.68	0.19	-0.27	0.86	0.84	0.8	0.19	-0.07	0.19
Net Receivables	0.8	-0.26	0.38	-0.26		0.92	0.94	0.18	0.84	0.27	0.42	0.72	0.56	0.5	0.57	-0.04	0.12	0.56	0.3	-0.04	-0.02	0.01	0.48	0.06	0.44
Total Liab	0.91	-0.18	0.43	-0.11	0.92		0.92	0.29	0.9	0.17	0.27	0.83	0.48	0.6	0.54	0.02	0.11	0.59	0.3	0.06	0.08	0.07	0.35	-0.02	0.36
Total Current Assets	0.74	-0.4	0.19	-0.38	0.94	0.92		-0.02	0.77	0.08	0.48	0.67	0.46	0.33	0.61	-0.22	-0.07	0.44	0.38	-0.25	-0.23	-0.22	0.31	0.2	0.24
Short Term Debt	0.56	0.65	0.81	0.69	0.18	0.29	-0.02		0.54	0.5	-0.16	0.46	0.35	0.79	0.13	0.77	0.65	0.46	-0.21	0.84	0.87	0.9	0.45	-0.45	0.6
Accounts Payable	0.95	0.16	0.59	0.16	0.84	0.9	0.77	0.54		0.41	0.19	0.86	0.67	0.79	0.65	0.29	0.29	0.72	0.34	0.3	0.32	0.29	0.58	0.04	0.57
Intangible Assets	0.32	0.36	0.7	0.14	0.27	0.17	0.08	0.5	0.41		-0.14	0.44	0.82	0.61	0.47	0.47	0.53	0.7	0.23	0.22	0.3	0.37	0.91	-0.16	0.97
Common Stock	0.05	-0.5	-0.29	-0.5	0.42	0.27	0.48	-0.16	0.19	-0.14		-0.12	0.0	-0.25	0.15	-0.3	-0.37	-0.2	0.09	-0.36	-0.36	-0.34	-0.09	0.1	-0.13
Long Term Debt	0.93	0.26	0.73	0.24	0.72	0.83	0.67	0.46	0.86	0.44	-0.12		0.61	0.8	0.6	0.28	0.51	0.86	0.3	0.3	0.33	0.3	0.59	-0.03	0.62
Good Will	0.58	0.25	0.55	0.05	0.56	0.48	0.46	0.35	0.67	0.82	0.0	0.61		0.6	0.7	0.28	0.27	0.67	0.51	0.07	0.11	0.18	0.92	0.2	0.82
Property Plant Equipment	0.81	0.5	0.81	0.47	0.5	0.6	0.33	0.79	0.79	0.61	-0.25	0.8	0.6		0.35	0.6	0.6	0.86	0.11	0.56	0.6	0.61	0.63	-0.34	0.73
Current Deferred Revenue	0.54	0.02	0.36	-0.1	0.57	0.54	0.61	0.13	0.65	0.47	0.15	0.6	0.7	0.35		0.01	0.2	0.52	0.5	-0.07	-0.04	-0.07	0.64	0.52	0.52
Short Term Investments	0.28	0.62	0.68	0.67	-0.04	0.02	-0.22	0.77	0.29	0.47	-0.3	0.28	0.28	0.6	0.01		0.58	0.34	-0.49	0.7	0.69	0.73	0.37	-0.33	0.5
Net Tangible Assets	0.42	0.71	0.86	0.68	0.12	0.11	-0.07	0.65	0.29	0.53	-0.37	0.51	0.27	0.6	0.2	0.58		0.57	-0.24	0.71	0.75	0.77	0.57	-0.2	0.63
Long Term Debt Total	0.72	0.34	0.72	0.19	0.56	0.59	0.44	0.46	0.72	0.7	-0.2	0.86	0.67	0.86	0.52	0.34	0.57		0.36	0.24	0.29	0.28	0.74	-0.17	0.79
Capital Surpluse	0.27	-0.05	-0.13	-0.27	0.3	0.3	0.38	-0.21	0.34	0.23	0.09	0.3	0.51	0.11	0.5	-0.49	-0.24	0.36		-0.36	-0.34	-0.41	0.34	0.4	0.19
Deferred Long Term Liab	0.4	0.78	0.66	0.86	-0.04	0.06	-0.25	0.84	0.3	0.22	-0.36	0.3	0.07	0.56	-0.07	0.7	0.71	0.24	-0.36		0.99	0.93	0.24	-0.25	0.32
Long Term Investments	0.41	0.77	0.72	0.84	-0.02	0.08	-0.23	0.87	0.32	0.3	-0.36	0.33	0.11	0.6	-0.04	0.69	0.75	0.29	-0.34	0.99		0.95	0.3	-0.29	0.4
Short Long Term Debt	0.39	0.73	0.77	0.8	0.01	0.07	-0.22	0.9	0.29	0.37	-0.34	0.3	0.18	0.61	-0.07	0.73	0.77	0.28	-0.41	0.93	0.95		0.36	-0.4	0.47
Net Invested Capital	0.52	0.39	0.71	0.19	0.48	0.35	0.31	0.45	0.58	0.91	-0.09	0.59	0.92	0.63	0.64	0.37	0.57	0.74	0.34	0.24	0.3	0.36		0.13	0.93
Net Working Capital	-0.02	0.0	-0.33	-0.07	0.06	-0.02	0.2	-0.45	0.04	-0.16	0.1	-0.03	0.2	-0.34	0.52	-0.33	-0.2	-0.17	0.4	-0.25	-0.29	-0.4	0.13		-0.2
Capital Stock	0.52	0.37	0.83	0.19	0.44	0.36	0.24	0.6	0.57	0.97	-0.13	0.62	0.82	0.73	0.52	0.5	0.63	0.79	0.19	0.32	0.4	0.47	0.93	-0.2

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Goodyear Gross Profit Historical Pattern

Today, most investors in Goodyear Tire Stock are looking for potential investment opportunities by analyzing not only static indicators but also various Goodyear Tire's growth ratios. Consistent increases or drops in fundamental ratios usually indicate a possible pattern that can be successfully translated into profits. However, when comparing two companies, knowing each company's gross profit growth rates may not be enough to decide which company is a better investment. That's why investors frequently use a static breakdown of Goodyear Tire gross profit as a starting point in their analysis.

Goodyear Tire Gross Profit

Timeline

Gross Profit varies significantly from one sector to another and tells an investor how much money a business would have made if it didn't have to pay any overhead expenses such as salary, taxes, or rent.

Competition

Predict Goodyear Tire

Gross Profit Over Time

According to the company disclosure, Goodyear Tire Rubber reported 3.88 B of gross profit. This is 74.69% lower than that of the Automobile Components sector and significantly higher than that of the Consumer Discretionary industry. The gross profit for all United States stocks is 85.82% higher than that of the company.

Goodyear Gross Profit Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Goodyear Tire's direct or indirect competition against its Gross Profit to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Goodyear Tire could also be used in its relative valuation, which is a method of valuing Goodyear Tire by comparing valuation metrics of similar companies.

Goodyear Tire is currently under evaluation in gross profit category among its peers.

Goodyear Tire ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Goodyear Tire's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Goodyear Tire's managers, analysts, and investors.

Environmental

Governance

Social

Goodyear Fundamentals

	Return On Equity	-0.0612
	Return On Asset	0.0219
	Profit Margin	(0.02) %
	Operating Margin	0.05 %
	Current Valuation	12.29 B
	Shares Outstanding	284.92 M
	Shares Owned By Insiders	7.68 %
	Shares Owned By Institutions	86.94 %
	Number Of Shares Shorted	22.57 M
	Price To Earning	3.22 X
	Price To Book	0.64 X
	Price To Sales	0.16 X
	Revenue	20.07 B
	Gross Profit	3.88 B
	EBITDA	856 M
	Net Income	(687 M)
	Cash And Equivalents	1.25 B
	Cash Per Share	4.41 X
	Total Debt	8.65 B
	Debt To Equity	1.77 %
	Current Ratio	1.29 X
	Book Value Per Share	16.65 X
	Cash Flow From Operations	1.03 B
	Short Ratio	3.72 X
	Earnings Per Share	(1.04) X
	Price To Earnings To Growth	1.67 X
	Target Price	13.43
	Number Of Employees	71 K
	Beta	1.7
	Market Capitalization	3.06 B
	Total Asset	21.58 B
	Retained Earnings	5.09 B
	Working Capital	503 M
	Current Asset	5.18 B
	Current Liabilities	3.95 B
	Five Year Return	2.81 %
	Net Asset	21.58 B

About Goodyear Tire Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Goodyear Tire Rubber's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Goodyear Tire using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Goodyear Tire Rubber based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Please read more on our fundamental analysis page.

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When running Goodyear Tire's price analysis, check to measure Goodyear Tire's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Goodyear Tire is operating at the current time. Most of Goodyear Tire's value examination focuses on studying past and present price action to predict the probability of Goodyear Tire's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Goodyear Tire's price. Additionally, you may evaluate how the addition of Goodyear Tire to your portfolios can decrease your overall portfolio volatility.

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