Goodyear Tire & Rubber Co (GT)

Operating return on assets (Operating ROA)

		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
Total assets	US$ in thousands	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	17,185,000	18,299,000	18,470,000	18,273,000
Operating ROA		-11.96%	-17.37%	-15.81%	-13.57%	-13.03%	-11.63%	-11.58%	-12.11%	-12.80%	-13.61%	-14.04%	-22.40%	-26.00%	-25.04%	-24.86%	-18.75%	-15.39%	-12.72%	-11.79%	-11.25%

December 31, 2023 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $-2,581,000K ÷ $21,582,000K
= -11.96%

The operating return on assets (operating ROA) for Goodyear Tire & Rubber Co. has shown a declining trend over the past eight quarters. In Q1 2022, the operating ROA was at its highest level at 5.35%, and it has since decreased to 3.22% in Q4 2023. This indicates a decrease in the company's ability to generate operating income relative to its total assets. The fluctuations in operating ROA suggest that the company may be facing challenges in efficiently utilizing its assets to generate profits. Further investigation into the company's operations and financial performance may be warranted to identify the root causes of this downward trend in operating ROA.