Goodyear Tire & Rubber Co (GT)
Total 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 |
| Total assets | US$ in thousands | 20,964,000 | 22,549,000 | 22,025,000 | 21,991,000 | 21,582,000 | 22,499,000 | 22,814,000 | 23,171,000 | 22,431,000 | 23,378,000 | 22,901,000 | 22,622,000 | 21,402,000 | 21,617,000 | 21,180,000 | 16,569,000 | 16,506,000 | 16,192,000 | 15,827,000 | 16,691,000 |
| Total asset turnover | 0.90 | 0.84 | 0.88 | 0.89 | 0.93 | 0.90 | 0.90 | 0.90 | 0.93 | 0.88 | 0.88 | 0.83 | 0.82 | 0.74 | 0.69 | 0.77 | 0.75 | 0.76 | 0.80 | 0.85 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $18,878,000K ÷ $20,964,000K
= 0.90
The total asset turnover ratio of Goodyear Tire & Rubber Co has shown some fluctuations over the period from March 31, 2020, to December 31, 2024. The total asset turnover ratio measures the efficiency of a company in generating sales revenue from its total assets.
Initially, the total asset turnover ratio was 0.85 on March 31, 2020, decreased to 0.75 by December 31, 2020, and then saw a slight increase to 0.77 on March 31, 2021. However, it decreased notably to 0.69 by June 30, 2021, indicating a potential decrease in sales relative to the company's total assets during that period.
Subsequently, there was a slight recovery as the total asset turnover ratio increased to 0.88 by June 30, 2022, before stabilizing around the range of 0.84 to 0.93 from September 30, 2022, to December 31, 2024. These values suggest that the company was able to effectively utilize its total assets to generate sales revenue during this period.
While variability in the total asset turnover ratio can occur due to changes in sales volume, asset management efficiency, or asset base composition, the overall trend for Goodyear Tire & Rubber Co indicates a relatively stable performance in terms of utilizing its assets to generate revenue over the analyzed period.