Goodyear Tire & Rubber Co (Goodyear Tire & Rubber Co) Days Sales Outstanding : 54.49 (As of Dec. 2023)

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What is Goodyear Tire & Rubber Co Days Sales Outstanding?

Goodyear Tire & Rubber Co's average Accounts Receivable for the three months ended in Dec. 2023 was $3,055 Mil. Goodyear Tire & Rubber Co's Revenue for the three months ended in Dec. 2023 was $5,116 Mil. Hence, Goodyear Tire & Rubber Co's Days Sales Outstanding for the three months ended in Dec. 2023 was 54.49.

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

GT' s Days Sales Outstanding Range Over the Past 10 Years
Min: 42.58 Med: 46.03 Max: 54.56
Current: 54.56

During the past 13 years, Goodyear Tire & Rubber Co's highest Days Sales Outstanding was 54.56. The lowest was 42.58. And the median was 46.03.

GT's Days Sales Outstanding is ranked better than
57.26% of 1268 companies
in the Vehicles & Parts industry
Industry Median: 60.715 vs GT: 54.56

Goodyear Tire & Rubber Co's Days Sales Outstanding increased from Dec. 2022 (52.38) to Dec. 2023 (54.49).

Goodyear Tire & Rubber Co Days Sales Outstanding Historical Data

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

Goodyear Tire & Rubber Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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49.15

53.80

42.58

43.83

48.58

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 Sales Outstanding	Get a 7-Day Free Trial															52.38	54.06	58.84	56.89	54.49

Competitive Comparison of Goodyear Tire & Rubber Co's Days Sales Outstanding

For the Auto Parts subindustry, Goodyear Tire & Rubber Co's Days Sales Outstanding, along with its competitors' market caps and Days Sales Outstanding 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 Sales Outstanding Distribution in the Vehicles & Parts Industry

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

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

Goodyear Tire & Rubber Co Days Sales Outstanding Calculation

Days Sales Outstanding measures 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 Receivable are being managed.

Accounts Receivable can be measured by Days Sales Outstanding.

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

	Days Sales Outstanding (A: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2022 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (2610	+	2731)	/	2 )	/	20066	*	365
=	2670.5					/	20066	*	365
=	48.58

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

	Days Sales Outstanding (Q: Dec. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Sep. 2023 )	+	Accounts Receivable (A: Dec. 2023 ))	/	count )	/	Revenue (A: Dec. 2023 )	*	Days in Period
=	( (3379	+	2731)	/	2 )	/	5116	*	365 / 4
=	3055					/	5116	*	365 / 4
=	54.49

Goodyear Tire & Rubber Co (NAS:GT) Days Sales Outstanding Explanation

For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.

Goodyear Tire & Rubber Co Days Sales Outstanding Related Terms

Thank you for viewing the detailed overview of Goodyear Tire & Rubber Co's Days Sales Outstanding 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

Industry

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

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