Goodyear Tire & Rubber Co (GT)
Net profit margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -689,000 | -502,000 | -369,000 | 5,000 | 202,000 | 859,000 | 947,000 | 848,000 | 764,000 | 274,000 | 140,000 | -623,000 | -1,254,000 | -1,709,000 | -1,619,000 | -869,000 | -311,000 | 191,000 | 454,000 | 557,000 |
| Revenue (ttm) | US$ in thousands | 19,457,000 | 19,771,000 | 19,950,000 | 20,353,000 | 20,353,000 | 20,029,000 | 19,675,000 | 18,454,000 | 17,073,000 | 15,698,000 | 14,244,000 | 12,406,000 | 11,955,000 | 12,037,000 | 12,373,000 | 13,888,000 | 14,438,000 | 14,593,000 | 14,727,000 | 14,929,000 |
| Net profit margin | -3.54% | -2.54% | -1.85% | 0.02% | 0.99% | 4.29% | 4.81% | 4.60% | 4.47% | 1.75% | 0.98% | -5.02% | -10.49% | -14.20% | -13.08% | -6.26% | -2.15% | 1.31% | 3.08% | 3.73% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $-689,000K ÷ $19,457,000K
= -3.54%
The net profit margin of Goodyear Tire & Rubber Co. has displayed a declining trend over the past several quarters. In Q4 2023, the company experienced a negative net profit margin of -3.43%, indicating that the company's expenses exceeded its revenues, resulting in a loss. This follows a similar negative trend observed in Q3 2023, where the net profit margin was -2.47%.
Comparatively, in the earlier quarters of 2023, the net profit margin showed signs of improvement, albeit still remaining low. In Q2 2023, the net profit margin was -1.80%, and in Q1 2023, it increased slightly to 0.02%, marking the first positive net profit margin seen in the table.
In contrast, the net profit margins in the quarters of 2022 were notably higher, ranging from 4.49% in Q1 2022 to 4.71% in Q2 2022. This indicates a significant decline in profitability from the previous year.
Overall, the decreasing trend in net profit margins for Goodyear Tire & Rubber Co. signals potential challenges in generating profits and managing expenses efficiently, warranting further analysis of the company's operational performance and financial health.