Goodyear Tire & Rubber Co (GT)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | -3.55% | -1.83% | -0.94% | 1.00% | 2.10% | 3.21% | 3.56% | 3.47% | 3.27% | 1.88% | 0.79% | -6.03% | -9.80% | -8.66% | -7.32% | -0.45% | 2.06% | 3.16% | 3.87% | 4.59% |
| 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% |
| Pretax margin | -3.49% | -2.37% | -1.51% | 0.77% | 1.93% | 5.18% | 5.70% | 5.24% | 5.04% | 2.73% | 1.61% | -6.02% | -9.57% | -10.37% | -9.00% | -1.09% | 1.13% | 2.37% | 5.00% | 5.58% |
| 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% |
Goodyear Tire & Rubber Co.'s profitability ratios show fluctuations over the quarters. The gross profit margin decreased from 18.51% in Q4 2022 to 17.49% in Q4 2023. This indicates a decline in the company's ability to generate profit after accounting for the cost of goods sold.
Similarly, the operating profit margin decreased from 5.07% in Q4 2022 to 3.46% in Q4 2023. This signifies a decrease in the efficiency of the company's operations in generating profit before interest and taxes.
The pretax margin also experienced a downward trend, decreasing from 1.92% in Q4 2022 to -3.37% in Q4 2023. This indicates that the company's profitability before accounting for taxes worsened significantly.
Furthermore, the net profit margin, which takes into account all expenses including taxes, decreased from 0.97% in Q4 2022 to -3.43% in Q4 2023. This suggests a decrease in the company's ability to convert revenue into profit after accounting for all expenses.
Overall, the declining trends in Goodyear Tire & Rubber Co.'s profitability ratios highlight challenges the company may be facing in managing costs, generating revenue, and maintaining profitability.
Return on investment
| 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 return on assets (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% |
| Return on assets (ROA) | -3.19% | -2.23% | -1.62% | 0.02% | 0.90% | 3.67% | 4.14% | 3.75% | 3.57% | 1.27% | 0.66% | -3.76% | -7.60% | -10.55% | -10.23% | -5.21% | -1.81% | 1.04% | 2.46% | 3.05% |
| Return on total capital | -3.15% | 1.10% | 3.92% | 11.99% | 15.91% | 29.02% | 29.89% | 26.81% | 24.95% | 18.24% | 13.56% | -13.43% | -26.64% | -32.27% | -27.85% | 5.01% | 11.56% | 14.31% | 22.22% | 24.19% |
| Return on equity (ROE) | -14.76% | -10.05% | -7.23% | 0.10% | 3.81% | 16.89% | 18.30% | 16.48% | 15.28% | 6.35% | 3.32% | -20.06% | -40.74% | -59.76% | -57.15% | -24.76% | -7.15% | 3.95% | 9.37% | 11.58% |
Goodyear Tire & Rubber Co.'s profitability ratios reflect a mixed performance over the past eight quarters.
1. Operating Return on Assets (Operating ROA): The Operating ROA has shown a declining trend from 5.23% in Q3 2022 to 3.22% in Q4 2023. This indicates that the company's ability to generate profits from its assets has weakened over this period.
2. Return on Assets (ROA): The ROA has also exhibited a deteriorating trend, with negative values recorded in Q4 2022 and Q1 2023. Although it improved slightly in subsequent quarters, the negative figures indicate that the company is struggling to generate profits from its total assets.
3. Return on Total Capital: The Return on Total Capital has been on a downward trajectory, decreasing from 9.02% in Q2 2022 to 5.65% in Q4 2023. This suggests that the company's ability to generate returns from its total invested capital has weakened over the analyzed period.
4. Return on Equity (ROE): The ROE has fluctuated significantly, with negative values recorded in Q4 2022 and Q1 2023. Despite showing some improvement in later quarters, the performance remains volatile, indicating challenges in creating value for shareholders.
Overall, the analysis of Goodyear Tire & Rubber Co.'s profitability ratios highlights a general downward trend in profitability indicators over the past eight quarters, signaling potential operational and financial challenges that the company may be facing.