Goodyear Tire & Rubber Co (WBO:GYT) Days Sales Outstanding : 61.64 (As of Sep. 2024)

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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 Sep. 2024 was €2,936 Mil. Goodyear Tire & Rubber Co's Revenue for the three months ended in Sep. 2024 was €4,346 Mil. Hence, Goodyear Tire & Rubber Co's Days Sales Outstanding for the three months ended in Sep. 2024 was 61.64.

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

WBO:GYT' s Days Sales Outstanding Range Over the Past 10 Years
Min: 42.58 Med: 46.03 Max: 59.66
Current: 59.66

During the past 13 years, Goodyear Tire & Rubber Co's highest Days Sales Outstanding was 59.66. The lowest was 42.58. And the median was 46.03.

WBO:GYT's Days Sales Outstanding is ranked better than
50.62% of 1288 companies
in the Vehicles & Parts industry
Industry Median: 60.145 vs WBO:GYT: 59.66

Goodyear Tire & Rubber Co's Days Sales Outstanding increased from Sep. 2023 (56.49) to Sep. 2024 (61.64).

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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48.56

56.53

41.32

42.52

49.28

Goodyear Tire & Rubber Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Sales Outstanding	Get a 7-Day Free Trial															56.49	55.15	57.87	60.37	61.64

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
=	( (2463.84	+	2504.327)	/	2 )	/	18400.522	*	365
=	2484.0835					/	18400.522	*	365
=	49.28

Goodyear Tire & Rubber Co's Days Sales Outstanding for the quarter that ended in Sep. 2024 is calculated as:

	Days Sales Outstanding (Q: Sep. 2024 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jun. 2024 )	+	Accounts Receivable (A: Sep. 2024 ))	/	count )	/	Revenue (A: Sep. 2024 )	*	Days in Period
=	( (2826.947	+	3045.38)	/	2 )	/	4346.424	*	365 / 4
=	2936.1635					/	4346.424	*	365 / 4
=	61.64

Goodyear Tire & Rubber Co (WBO:GYT) 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

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Goodyear Tire & Rubber Co Business Description

Industry

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

Comparable Companies

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.

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