Goodyear Tire & Rubber Co (GT)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | -2,581,000 | -3,907,000 | -3,608,000 | -3,145,000 | -2,922,000 | -2,720,000 | -2,651,000 | -2,739,000 | -2,739,000 | -2,941,000 | -2,973,000 | -3,711,000 | -4,292,000 | -4,055,000 | -3,935,000 | -3,130,000 | -2,645,000 | -2,327,000 | -2,178,000 | -2,055,000 |
| 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 |
| Operating profit margin | -13.27% | -19.76% | -18.09% | -15.45% | -14.36% | -13.58% | -13.47% | -14.84% | -16.04% | -18.73% | -20.87% | -29.91% | -35.90% | -33.69% | -31.80% | -22.54% | -18.32% | -15.95% | -14.79% | -13.77% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $-2,581,000K ÷ $19,457,000K
= -13.27%
The operating profit margin of Goodyear Tire & Rubber Co. has demonstrated a declining trend over the past eight quarters, indicating a decrease in the company's profitability from Q1 2022 to Q4 2023. The margin decreased from 6.07% in Q1 2022 to 3.46% in Q4 2023. The company experienced its highest operating profit margin in Q1 2023 at 4.24%, followed by a slight decline in the subsequent quarters. This trend suggests that the company may be facing challenges in managing its operating expenses or generating sufficient revenues to maintain its profitability levels. Further analysis of the company's cost structure and revenue sources may be required to identify the factors contributing to this downward trend in operating profit margin.