Goodyear Tire & Rubber Co (GT)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 18,878,000 | 20,066,000 | 20,805,000 | 17,478,000 | 12,321,000 |
| Property, plant and equipment | US$ in thousands | — | — | 9,270,000 | 9,326,000 | 7,924,000 |
| Fixed asset turnover | — | — | 2.24 | 1.87 | 1.55 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $18,878,000K ÷ $—K
= —
The fixed asset turnover ratio for Goodyear Tire & Rubber Co has shown a positive trend over the past few years, increasing from 1.55 in December 31, 2020, to 1.87 in December 31, 2021, and further to 2.24 in December 31, 2022. This indicates that the company is generating more revenue relative to its investment in fixed assets, which is generally a positive sign of operational efficiency and asset utilization. However, the data for December 31, 2023, and December 31, 2024, is not available. It would be important to assess the reasons behind this lack of data to fully understand the trend in fixed asset turnover for Goodyear Tire & Rubber Co.