Goodyear Change To Inventory vs Free Cash Flow Analysis

GT Stock  USD 10.03  0.04  0.40%   
Goodyear Tire financial indicator trend analysis is much more than just examining Goodyear Tire Rubber latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Goodyear Tire Rubber is a good investment. Please check the relationship between Goodyear Tire Change To Inventory and its Free Cash Flow accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Goodyear Tire Rubber. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.

Change To Inventory vs Free Cash Flow

JavaScript chart by amCharts 3.21.15201420162018202020222024-1B-800M-600M-400M-200M0200M400M600M800M1B -600M-500M-400M-300M-200M-100M0100M200M300M400M500M600M700M800M
JavaScript chart by amCharts 3.21.15Change To Inventorytotal: 411.4MFree Cash Flowtotal: 1.2B

Change To Inventory vs Free Cash Flow Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Goodyear Tire Rubber Change To Inventory account and Free Cash Flow. At this time, the significance of the direction appears to have very week relationship.
Change To InventoryFree Cash FlowDiversified AwayChange To InventoryFree Cash FlowDiversified Away100%
The correlation between Goodyear Tire's Change To Inventory and Free Cash Flow is 0.22. Overlapping area represents the amount of variation of Change To Inventory that can explain the historical movement of Free Cash Flow in the same time period over historical financial statements of Goodyear Tire Rubber, assuming nothing else is changed. The correlation between historical values of Goodyear Tire's Change To Inventory and Free Cash Flow is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Change To Inventory of Goodyear Tire Rubber are associated (or correlated) with its Free Cash Flow. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Free Cash Flow has no effect on the direction of Change To Inventory i.e., Goodyear Tire's Change To Inventory and Free Cash Flow go up and down completely randomly.

Correlation Coefficient

0.22
Relationship DirectionPositive 
Relationship StrengthVery Weak

Change To Inventory

The increase or decrease in the amount of inventory a company has over a certain period.

Free Cash Flow

The amount of cash a company generates after accounting for cash outflows to support operations and maintain its capital assets.
Most indicators from Goodyear Tire's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Goodyear Tire Rubber 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 Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Goodyear Tire Rubber. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in estimate.
Issuance Of Capital Stock is likely to gain to about 10.9 M in 2024, whereas Selling General Administrative is likely to drop slightly above 2.7 B in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit3.8B3.9B3.5B3.7B
Total Revenue17.5B20.8B20.1B16.7B

Goodyear Tire fundamental ratios Correlations

0.960.070.970.260.930.660.290.280.880.10.270.80.520.80.850.470.460.910.570.740.560.950.910.320.05
0.960.140.920.40.980.750.430.130.940.260.130.640.430.670.730.340.550.80.60.570.690.90.870.37-0.11
0.070.140.170.020.180.15-0.2-0.180.090.07-0.180.110.020.020.190.080.030.080.460.020.150.250.20.64-0.06
0.970.920.170.180.910.640.210.260.83-0.030.260.830.470.790.890.520.320.910.590.740.620.980.890.360.17
0.260.40.020.180.450.560.94-0.750.640.6-0.75-0.26-0.07-0.360.07-0.580.46-0.180.36-0.40.650.160.260.36-0.5
0.930.980.180.910.450.760.490.010.960.340.010.580.350.610.70.330.580.750.610.480.750.880.830.39-0.19
0.660.750.150.640.560.760.54-0.290.790.44-0.290.38-0.040.270.490.20.470.430.890.190.810.590.660.7-0.29
0.290.43-0.20.210.940.490.54-0.680.670.6-0.68-0.26-0.1-0.290.04-0.510.48-0.110.21-0.380.690.160.230.14-0.5
0.280.13-0.180.26-0.750.01-0.29-0.68-0.16-0.51.00.580.520.760.280.66-0.130.61-0.220.77-0.490.270.22-0.370.47
0.880.940.090.830.640.960.790.67-0.160.42-0.160.450.340.450.620.120.620.620.60.330.80.790.820.39-0.27
0.10.260.07-0.030.60.340.440.6-0.50.42-0.5-0.32-0.18-0.23-0.22-0.230.86-0.170.26-0.410.3-0.050.150.22-0.98
0.270.13-0.180.26-0.750.01-0.29-0.681.0-0.16-0.50.580.520.760.280.66-0.130.61-0.220.77-0.490.270.22-0.370.47
0.80.640.110.83-0.260.580.38-0.260.580.45-0.320.580.510.90.880.80.060.920.480.940.180.840.750.270.42
0.520.430.020.47-0.070.35-0.04-0.10.520.34-0.180.520.510.570.330.250.240.56-0.040.55-0.070.430.67-0.180.22
0.80.670.020.79-0.360.610.27-0.290.760.45-0.230.760.90.570.740.80.210.970.290.950.070.790.710.040.3
0.850.730.190.890.070.70.490.040.280.62-0.220.280.880.330.740.540.090.840.560.810.410.930.720.430.34
0.470.340.080.52-0.580.330.2-0.510.660.12-0.230.660.80.250.80.540.020.730.320.78-0.060.510.40.120.26
0.460.550.030.320.460.580.470.48-0.130.620.86-0.130.060.240.210.090.020.260.30.020.280.290.520.16-0.83
0.910.80.080.91-0.180.750.43-0.110.610.62-0.170.610.920.560.970.840.730.260.420.920.290.90.810.170.27
0.570.60.460.590.360.610.890.21-0.220.60.26-0.220.48-0.040.290.560.320.30.420.280.630.590.620.93-0.15
0.740.570.020.74-0.40.480.19-0.380.770.33-0.410.770.940.550.950.810.780.020.920.28-0.020.770.640.080.48
0.560.690.150.620.650.750.810.69-0.490.80.3-0.490.18-0.070.070.41-0.060.280.290.63-0.020.540.510.5-0.16
0.950.90.250.980.160.880.590.160.270.79-0.050.270.840.430.790.930.510.290.90.590.770.540.840.410.19
0.910.870.20.890.260.830.660.230.220.820.150.220.750.670.710.720.40.520.810.620.640.510.840.39-0.02
0.320.370.640.360.360.390.70.14-0.370.390.22-0.370.27-0.180.040.430.120.160.170.930.080.50.410.39-0.14
0.05-0.11-0.060.17-0.5-0.19-0.29-0.50.47-0.27-0.980.470.420.220.30.340.26-0.830.27-0.150.48-0.160.19-0.02-0.14
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Goodyear Tire Account Relationship Matchups

Goodyear Tire fundamental ratios Accounts

201920202021202220232024 (projected)
Total Assets17.2B16.5B21.4B22.4B21.6B15.3B
Short Long Term Debt Total6.5B6.9B8.4B8.9B8.6B4.9B
Other Current Liab734M1.2B1.3B1.3B1.6B1.0B
Total Current Liabilities5.3B5.1B6.6B7.1B7.1B4.5B
Total Stockholder Equity4.4B3.1B5.0B5.3B4.7B2.8B
Property Plant And Equipment Net8.1B7.9B9.3B9.3B9.5B6.4B
Net Debt5.6B5.3B7.3B7.7B7.7B8.1B
Retained Earnings6.1B4.8B5.6B5.8B5.1B3.2B
Cash908M1.5B1.1B1.2B902M1.3B
Non Current Assets Total11.3B10.9B14.1B13.8B13.9B8.7B
Non Currrent Assets Other696M875M1.0B965M1.1B598.5M
Cash And Short Term Investments908M1.5B1.1B1.2B902M1.3B
Net Receivables1.9B1.7B2.4B2.6B2.7B2.3B
Common Stock Shares Outstanding239M233M234M264M285M218.9M
Liabilities And Stockholders Equity17.2B16.5B21.4B22.4B21.6B15.3B
Non Current Liabilities Total7.4B8.1B9.6B9.8B9.6B7.5B
Inventory2.9B2.2B3.6B4.6B3.7B2.7B
Other Current Assets234M237M262M257M319M336.8M
Other Stockholder Equity2.1B2.2B3.1B3.1B3.1B1.6B
Total Liab12.6B13.2B16.2B17.0B16.7B12.0B
Property Plant And Equipment Gross8.1B7.9B20.5B20.6B21.9B23.0B
Total Current Assets5.9B5.6B7.3B8.7B7.7B6.5B
Accumulated Other Comprehensive Income(4.1B)(4.1B)(4.0B)(3.9B)(3.8B)(4.0B)
Short Term Debt1.1B954M1.2B1.0B1.2B686.8M
Accounts Payable2.9B2.9B4.1B4.8B4.3B2.4B
Intangible Assets137M135M1.0B1.0B969M1.0B
Other Liab1.9B2.0B2.1B1.7B1.6B3.0B
Other Assets2.2B3.3B2.7B2.4B2.8B1.8B
Long Term Debt4.8B5.4B6.6B7.3B6.8B5.5B
Good Will565M408M1.0B1.0B781M732.8M
Property Plant Equipment8.1B7.9B9.3B9.3B10.7B7.2B
Current Deferred Revenue536M540M689M1.4B663M755.9M
Net Tangible Assets3.6B2.5B3.0B5.3B6.1B6.4B
Noncontrolling Interest In Consolidated Entity194M181M185M166M149.4M179.4M
Retained Earnings Total Equity6.1B4.8B5.6B5.8B6.6B4.7B
Long Term Debt Total4.8B5.4B6.6B7.3B8.4B6.0B

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