Goodyear Tire & Rubber Co (STU:GTR) Change In Inventory : €645 Mil (TTM As of Mar. 2024)

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What is Goodyear Tire & Rubber Co Change In Inventory?

Goodyear Tire & Rubber Co's change in inventory for the quarter that ended in Mar. 2024 was €-154 Mil. It means Goodyear Tire & Rubber Co's inventory increased by €154 Mil from Dec. 2023 to Mar. 2024 .

Goodyear Tire & Rubber Co's change in inventory for the fiscal year that ended in Dec. 2023 was €833 Mil. It means Goodyear Tire & Rubber Co's inventory declined by €833 Mil from Dec. 2022 to Dec. 2023 .

Goodyear Tire & Rubber Co's Total Inventories for the quarter that ended in Mar. 2024 was €3,525 Mil.

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 quarter that ended in Mar. 2024 was 92.32.

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 Mar. 2024 was 0.99.

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 quarter that ended in Mar. 2024 was 0.83.

Goodyear Tire & Rubber Co Change In Inventory Historical Data

The historical data trend for Goodyear Tire & Rubber Co's Change In Inventory 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 Change In Inventory Chart

Goodyear Tire & Rubber Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Change In Inventory

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5.40

586.09

-869.07

-983.65

832.64

Goodyear Tire & Rubber Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Change In Inventory	Get a 7-Day Free Trial															42.96	168.91	338.26	291.61	-153.64

Goodyear Tire & Rubber Co Change In Inventory Calculation

Change In Inventory is the difference between last period's ending inventory and the current period's ending inventory.

Change In Inventory for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was €645 Mil.

Goodyear Tire & Rubber Co (STU:GTR) Change In Inventory Explanation

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 quarter that ended in is calculated as:

Days Inventory	=	Average Total Inventories	/	Cost of Goods Sold	*	Days in Period
	=	3457.793	/	3417.8	*	365 / 4
	=	92.32

2. 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 Mar. 2024 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	3417.8	/	3457.793
	=	0.99

3. 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 quarter that ended in Mar. 2024 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	3457.793	/	4174.04
	=	0.83

Goodyear Tire & Rubber Co Change In Inventory Related Terms

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Goodyear Tire & Rubber Co (STU:GTR) Business Description

Industry

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Traded in Other Exchanges

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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.