Goodyear Tire & Rubber Co (GT)
Fixed asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 18,878,000 | 19,047,000 | 19,365,000 | 19,662,000 | 20,066,000 | 20,324,000 | 20,493,000 | 20,838,000 | 20,805,000 | 20,485,000 | 20,108,000 | 18,875,000 | 17,478,000 | 16,080,000 | 14,611,000 | 12,776,000 | 12,321,000 | 12,378,000 | 12,715,000 | 14,203,000 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | — | 9,277,000 | — | 9,270,000 | 8,866,000 | 9,049,000 | 9,279,000 | 9,326,000 | 9,213,000 | 9,322,000 | 7,683,000 | 7,924,000 | 7,692,000 | 7,668,000 | 7,812,000 |
| Fixed asset turnover | — | — | — | — | — | — | 2.21 | — | 2.24 | 2.31 | 2.22 | 2.03 | 1.87 | 1.75 | 1.57 | 1.66 | 1.55 | 1.61 | 1.66 | 1.82 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $18,878,000K ÷ $—K
= —
The fixed asset turnover ratio of Goodyear Tire & Rubber Co has shown a fluctuating trend over the given period. The ratio started at 1.82 on March 31, 2020, and gradually decreased to 1.55 by December 31, 2020. This indicates that the company generated $1.55 of revenue for every dollar invested in fixed assets by the end of 2020.
Subsequently, there was a slight recovery in the ratio to 1.66 by March 31, 2021, but then it declined again to 1.57 by June 30, 2021. However, the ratio improved consistently from that point onwards, reaching 2.22 by June 30, 2022. This suggests that the company was able to generate $2.22 in revenue for each dollar invested in fixed assets by mid-2022.
The ratio continued to increase, peaking at 2.31 by September 30, 2022, before dropping slightly to 2.24 by December 31, 2022. However, the ratio increased once more to 2.21 by June 30, 2023, indicating that the company was effectively utilizing its fixed assets to generate revenue.
It is worth noting that the data for the fixed asset turnover ratio is unavailable for the periods beyond June 30, 2023, as indicated by the presence of "—" in the data set. This limits our ability to provide a more current analysis. Overall, the general trend in the fixed asset turnover ratio suggests that Goodyear Tire & Rubber Co has been improving its efficiency in utilizing its fixed assets to generate revenue over the timeframe provided.