Goodyear Tire & Rubber Co (Goodyear Tire & Rubber Co) Days Payable : 94.57 (As of Dec. 2023)

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What is Goodyear Tire & Rubber Co Days Payable?

Goodyear Tire & Rubber Co's average Accounts Payable for the three months ended in Dec. 2023 was $4,218 Mil. Goodyear Tire & Rubber Co's Cost of Goods Sold for the three months ended in Dec. 2023 was $4,070 Mil. Hence, Goodyear Tire & Rubber Co's Days Payable for the three months ended in Dec. 2023 was 94.57.

The historical rank and industry rank for Goodyear Tire & Rubber Co's Days Payable or its related term are showing as below:

GT' s Days Payable Range Over the Past 10 Years
Min: 78.41 Med: 90.55 Max: 103.33
Current: 97.23

During the past 13 years, Goodyear Tire & Rubber Co's highest Days Payable was 103.33. The lowest was 78.41. And the median was 90.55.

GT's Days Payable is ranked better than
70.1% of 1261 companies
in the Vehicles & Parts industry
Industry Median: 65.94 vs GT: 97.23

Goodyear Tire & Rubber Co's Days Payable declined from Dec. 2022 (98.07) to Dec. 2023 (94.57). It may suggest that Goodyear Tire & Rubber Co accelerated paying its suppliers.

Goodyear Tire & Rubber Co Days Payable Historical Data

The historical data trend for Goodyear Tire & Rubber Co's Days Payable 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 Days Payable Chart

Goodyear Tire & Rubber Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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91.67

103.33

94.54

96.36

100.62

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
Days Payable	Get a 7-Day Free Trial															98.07	100.71	97.52	92.66	94.57

Competitive Comparison of Goodyear Tire & Rubber Co's Days Payable

For the Auto Parts subindustry, Goodyear Tire & Rubber Co's Days Payable, along with its competitors' market caps and Days Payable 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.

Goodyear Tire & Rubber Co's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Goodyear Tire & Rubber Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Goodyear Tire & Rubber Co's Days Payable falls into.

Goodyear Tire & Rubber Co Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Goodyear Tire & Rubber Co's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (4803	+	4326)	/	2 )	/	16557	*	365
=	4564.5					/	16557	*	365
=	100.62

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

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (4110	+	4326)	/	2 )	/	4070	*	365 / 4
=	4218					/	4070	*	365 / 4
=	94.57

Goodyear Tire & Rubber Co Days Payable 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 » Days Payable

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