Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Goodyear Tire & Rubber Co's Average Total Inventories for the quarter that ended in Dec. 2023 was $3,831 Mil. Goodyear Tire & Rubber Co's Revenue for the
three
months ended in Dec. 2023 was $5,116 Mil.
Goodyear Tire & Rubber Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.75.
Goodyear Tire & Rubber Co's Inventory-to-Revenue for the quarter that ended in Dec. 2023
declined
from Sep. 2023 (0.81) to Sep. 2023 (0.75)
A decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:
1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Goodyear Tire & Rubber Co's Days Inventory for the
three
months ended in Dec. 2023 was 85.89.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Goodyear Tire & Rubber Co's Inventory Turnover for the quarter that ended in Dec. 2023 was 1.06.
Goodyear Tire & Rubber Co Inventory-to-Revenue Historical Data
The historical data trend for Goodyear Tire & Rubber Co's Inventory-to-Revenue 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.
For the Auto Parts subindustry, Goodyear Tire & Rubber Co's Inventory-to-Revenue, along with its competitors' market caps and Inventory-to-Revenue 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 Inventory-to-Revenue Distribution
For the Vehicles & Parts industry and Consumer Cyclical sector, Goodyear Tire & Rubber Co's Inventory-to-Revenue distribution charts can be found below:
* The bar in red indicates where Goodyear Tire & Rubber Co's Inventory-to-Revenue falls into.
Goodyear Tire & Rubber Co Inventory-to-Revenue Calculation
Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.
Goodyear Tire & Rubber Co's Inventory-to-Revenue for the fiscal year that ended in Dec. 2023 is calculated as
* 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.
Goodyear Tire & Rubber Co (NAS:GT) Inventory-to-Revenue Explanation
An increase in Inventory-to-Revenue from one quarter to the next indicates that one of the following is happening:
1. investment in inventory is growing more rapidly than revenue
2. revenue are dropping
No matter which situation is causing the problem, an increase in the Inventory-to-Revenue may signal an oncoming cash flow problem.
Likewise, a decrease in the Inventory-to-Revenue from one quarter to next indicates that one of these is occurring:
1. investment in inventory is shrinking in relation to revenue
2. revenue are increasing
No matter which situation is causing the reduction in the Inventory-to-Revenue, either one suggests that business's inventory levels and its cash flow are effectively managed.
More Related Terms:
1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Goodyear Tire & Rubber Co's Days Inventory for the
three
months ended in Dec. 2023 is calculated as:
* 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.
Goodyear Tire & Rubber Co Inventory-to-Revenue Related Terms
Thank you for viewing the detailed overview of Goodyear Tire & Rubber Co's Inventory-to-Revenue provided by GuruFocus.com. Please click on the following links to see related term pages.
Goodyear Tire & Rubber Co (Goodyear Tire & Rubber Co) Business Description
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.
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