Michelin (XPAR:ML) Other Operating Expense : €200 Mil (TTM As of Dec. 2023)

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What is Michelin Other Operating Expense?

Michelin's Other Operating Expense for the six months ended in Dec. 2023 was €133 Mil. Its Other Operating Expense for the trailing twelve months (TTM) ended in Dec. 2023 was €200 Mil.

Michelin's quarterly Other Operating Expense declined from Dec. 2022 (€222 Mil) to Jun. 2023 (€67 Mil) but then increased from Jun. 2023 (€67 Mil) to Dec. 2023 (€133 Mil).

Michelin's annual Other Operating Expense increased from Dec. 2021 (€54 Mil) to Dec. 2022 (€292 Mil) but then declined from Dec. 2022 (€292 Mil) to Dec. 2023 (€200 Mil).

Michelin Other Operating Expense Historical Data

The historical data trend for Michelin's Other Operating Expense 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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Michelin Other Operating Expense Chart

Michelin Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Other Operating Expense

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17.00

258.00

54.00

292.00

200.00

Michelin Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Other Operating Expense	Get a 7-Day Free Trial															-14.00	70.00	222.00	67.00	133.00

Michelin Other Operating Expense Calculation

GuruFocus uses a standardized financial statement format for all companies. For non-financial companies, GuruFocus lists Selling, General, & Admin. Expense, , Research & Development, and Other Operating Expense under the "Total Operating Expense" section.

Other Operating Expense sometimes includes:
Restructuring, and merger
Acquisition related and other
Litigation settlement charge
Other (too numerous to list)

Some companies can and do choose to report each of these items separately. Yet, there are a variety of Other Operating Expense which are simply too numerous to list.

Other Operating Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the semi-annually data reported by the company within the most recent 12 months, which was €200 Mil.

Michelin Other Operating Expense Related Terms

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Michelin (XPAR:ML) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Michelin (XPAR:ML) » Definitions » Other Operating Expense

Comparable Companies

Traded in Other Exchanges

MGDDY:USA MGDDF:USA MLp:UK 0OFM:UK MCHA:Germany

Address

23, Place des Carmes, Dechaux, Puy-de-Dome, Clermont-Ferrand, FRA, 63000

Website

https://www.michelin.com

Michelin manufactures tires for passenger vehicles. The company also makes tires for all types of commercial vehicles as well as bicycle, motorcycle, earthmover, aviation, and agricultural tires. Its operations are organized into three operating segments namely Automotive and related distribution; Road transportation and related distribution; Specialty businesses and related distribution. The company generates maximum revenue from Automotive and related distribution segment.