Goodyear Tire & Rubber Co (Goodyear Tire & Rubber Co) Accounts Receivable

: $2,731 Mil (As of Dec. 2023)

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Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Goodyear Tire & Rubber Co's accounts receivables for the quarter that ended in Dec. 2023 was $2,731 Mil.

Accounts receivable can be measured by Days Sales Outstanding. Goodyear Tire & Rubber Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 was 48.71.

In Ben Graham's calculation of Net-Net Working Capital, accounts receivable are only considered to be worth 75% of book value. Goodyear Tire & Rubber Co's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was $-42.69.

Goodyear Tire & Rubber Co Accounts Receivable Historical Data

The historical data trend for Goodyear Tire & Rubber Co's Accounts Receivable 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.

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Goodyear Tire & Rubber Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Accounts Receivable

1,941.00

1,691.00

2,387.00

2,610.00

2,731.00

Goodyear Tire & Rubber Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Accounts Receivable																2,610.00	3,244.00	3,033.00	3,379.00	2,731.00

Goodyear Tire & Rubber Co Accounts Receivable Calculation

Accounts Receivable is money owed to a business by customers and shown on its Balance Sheet as an asset.

Goodyear Tire & Rubber Co Accounts Receivable Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days Sales Outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's accounts receivables are being managed.

Goodyear Tire & Rubber Co's Days Sales Outstanding for the quarter that ended in Dec. 2023 is calculated as:

	Days Sales Outstanding
=	Accounts Receivable	/	Revenue	*	Days in Period
=	2731	/	5116	*	91
=	48.71

2. In Ben Graham's calculation of Net-Net Working Capital (NNWC), Goodyear Tire & Rubber Co's accounts receivable are only considered to be worth 75% of book value:

Goodyear Tire & Rubber Co's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is calculated as:

	Net-Net Working Capital Per Share
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(902	+	0.75 * 2731	+	0.5 * 3698	-	16745
-	0	-	169)	/	283.786
=	-42.69

Be Aware

Net receivables tells us a great deal about the different competitors in the same industry. In competitive industries, some attempt to gain advantage by offering better credit terms, causing increase in sales and receivables.

If company consistently shows lower % Net receivables to gross sales than competitors, then it usually has some kind of competitive advantage which requires further digging.

Average Days Sales Outstanding is a good indicator for measuring a company's sales channel and customers. A company may book great revenue and earnings growth but never receive payment from their customers. This may force a write-off in the future and depress future earnings.

Goodyear Tire & Rubber Co Accounts Receivable Related Terms

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Goodyear Tire & Rubber Co (Goodyear Tire & Rubber Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Goodyear Tire & Rubber Co (NAS:GT) » Definitions » Accounts Receivable

Comparable Companies

Traded in Other Exchanges

GT:Mexico GTR:Germany GYT:Austria

Address

200 Innovation Way, Akron, OH, USA, 44316-0001

Website

https://www.goodyear.com

Goodyear Tire & Rubber Co manufactures and sells a variety of rubber tires under the Goodyear brand name. The firm's tires are used for automobiles, trucks, buses, aircraft, motorcycles, mining equipment, farm equipment, and industrial equipment. The company operates its business through three operating segments representing its regional tire businesses: Americas; Europe, the Middle East, and Africa (EMEA); and the Asia Pacific.

Executives

Darren R Wells	officer: Vice President & Treasurer	THE GOODYEAR TIRE & RUBBER COMPANY, 1144 EAST MARKET STREET, AKRON OH 44316-0001
Roger Wood	director	3850 HAMLIN RD., AUBURN HILLS MI 48326
Max H Mitchell	director	CRANE CO, 100 FIRST STAMFORD PLACE, STAMFORD CT 06902
Joseph R Hinrichs	director	FORD MOTOR COMPANY, ONE AMERICAN ROAD, DEARBORN MI 48126
Margaret V Snyder	officer: Vice President and Controller	200 INNOVATION WAY, AKRON OH 44316
Christina L Zamarro	officer: EVP & Chief Financial Officer	200 INNOVATION WAY, AKRON OH 44316
Norma Clayton	director	1915 REXFORD ROAD, CHARLOTTE NC 28211
Richard J Kramer	officer: Senior Vice President	THE GOODYEAR TIRE & RUBBER COMPANY, 1144 EAST MARKET STREET, AKRON OH 44316-0001
Stephen R Mcclellan	officer: Pres., NAT Consumer Business	1144 EAST MARKET STREET, AKRON OH 44316
Prashanth Mahendra-rajah	director	C/O WABCO HOLDINGS INC., ONE CENTENNIAL AVENUE, PISCATAWAY NJ 08855
Karla R Lewis	director	C/O RELIANCE STEEL & ALUMINUM CO., 16100 N. 71ST STREET, SUITE 400, SCOTTSDALE AZ 85254
Nathaniel Madarang	officer: President, Asia Pacific	200 INNOVATION WAY, AKRON OH 44316
Jonathan Bellissimo	officer: SR VP Global Operations & Tech	200 INNOVATION WAY, AKRON OH 44316
Hera K Siu	director	200 INNOVATION WAY, AKRON OH 44316
David Emmitt Phillips	officer: Sr VP and General Counsel	200 INNOVATION WAY, AKRON OH 44316