Goodyear Intangible Assets vs Good Will Analysis
GT Stock | USD 13.07 0.08 0.62% |
Goodyear Tire financial indicator trend analysis is much more than just examining Goodyear Tire Rubber latest accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Goodyear Tire Rubber is a good investment. Please check the relationship between Goodyear Tire Intangible Assets and its Good Will accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Goodyear Tire Rubber. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.
Intangible Assets vs Good Will
Intangible Assets vs Good Will Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Goodyear Tire Rubber Intangible Assets account and Good Will. At this time, the significance of the direction appears to have very strong relationship.
The correlation between Goodyear Tire's Intangible Assets and Good Will is 0.82. Overlapping area represents the amount of variation of Intangible Assets that can explain the historical movement of Good Will in the same time period over historical financial statements of Goodyear Tire Rubber, assuming nothing else is changed. The correlation between historical values of Goodyear Tire's Intangible Assets and Good Will is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Intangible Assets of Goodyear Tire Rubber are associated (or correlated) with its Good Will. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Good Will has no effect on the direction of Intangible Assets i.e., Goodyear Tire's Intangible Assets and Good Will go up and down completely randomly.
Correlation Coefficient | 0.82 |
Relationship Direction | Positive |
Relationship Strength | Strong |
Intangible Assets
Non-physical assets possessed by a company, such as patents, trademarks, and copyrights, which provide long-term value.Good Will
An intangible asset that arises when a company acquires another business for more than the fair market value of its net identifiable assets, representing the value of the brand, customer base, and other intangible factors.Most indicators from Goodyear Tire's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Goodyear Tire Rubber current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Goodyear Tire Rubber. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. Issuance Of Capital Stock is likely to gain to about 10.9 M in 2024, whereas Selling General Administrative is likely to drop slightly above 2.7 B in 2024.
2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 3.8B | 3.9B | 3.5B | 3.7B | Total Revenue | 17.5B | 20.8B | 20.1B | 16.7B |
Goodyear Tire fundamental ratios Correlations
Click cells to compare fundamentals
Goodyear Tire Account Relationship Matchups
High Positive Relationship
High Negative Relationship
Goodyear Tire fundamental ratios Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Total Assets | 17.2B | 16.5B | 21.4B | 22.4B | 21.6B | 15.3B | |
Short Long Term Debt Total | 6.5B | 6.9B | 8.4B | 8.9B | 8.6B | 4.9B | |
Other Current Liab | 734M | 865M | 822M | 72M | 1.2B | 988.8M | |
Total Current Liabilities | 5.3B | 5.1B | 6.6B | 7.1B | 7.1B | 4.5B | |
Total Stockholder Equity | 4.4B | 3.1B | 5.0B | 5.3B | 4.7B | 2.8B | |
Property Plant And Equipment Net | 8.1B | 7.9B | 9.3B | 9.3B | 9.5B | 6.4B | |
Net Debt | 5.6B | 5.3B | 7.3B | 7.7B | 7.7B | 8.1B | |
Retained Earnings | 6.1B | 4.8B | 5.6B | 5.8B | 5.1B | 3.2B | |
Cash | 908M | 1.5B | 1.1B | 1.2B | 902M | 1.3B | |
Non Current Assets Total | 11.3B | 10.9B | 14.1B | 13.8B | 13.9B | 8.7B | |
Non Currrent Assets Other | 696M | 875M | 1.0B | 965M | 1.1B | 598.5M | |
Cash And Short Term Investments | 908M | 1.5B | 1.1B | 1.2B | 902M | 1.3B | |
Net Receivables | 1.9B | 1.7B | 2.4B | 2.6B | 2.7B | 2.3B | |
Common Stock Shares Outstanding | 239M | 233M | 234M | 264M | 285M | 218.9M | |
Liabilities And Stockholders Equity | 17.2B | 16.5B | 21.4B | 22.4B | 21.6B | 15.3B | |
Non Current Liabilities Total | 7.4B | 8.1B | 9.6B | 9.8B | 9.6B | 7.5B | |
Inventory | 2.9B | 2.2B | 3.6B | 4.6B | 3.7B | 2.7B | |
Other Current Assets | 234M | 237M | 262M | 257M | 319M | 336.8M | |
Other Stockholder Equity | 2.1B | 2.2B | 3.1B | 3.1B | 3.1B | 1.6B | |
Total Liab | 12.6B | 13.2B | 16.2B | 17.0B | 16.7B | 12.0B | |
Property Plant And Equipment Gross | 8.1B | 7.9B | 20.5B | 20.6B | 21.9B | 23.0B | |
Total Current Assets | 5.9B | 5.6B | 7.3B | 8.7B | 7.7B | 6.5B | |
Accumulated Other Comprehensive Income | (4.1B) | (4.1B) | (4.0B) | (3.9B) | (3.8B) | (4.0B) | |
Short Term Debt | 1.1B | 756M | 953M | 822M | 993M | 664.2M | |
Accounts Payable | 2.9B | 2.9B | 4.1B | 4.8B | 4.3B | 2.4B | |
Intangible Assets | 137M | 135M | 1.0B | 1.0B | 969M | 1.0B | |
Other Liab | 1.9B | 2.0B | 2.1B | 1.7B | 1.6B | 3.0B | |
Other Assets | 2.2B | 3.3B | 2.7B | 2.4B | 2.8B | 1.8B | |
Long Term Debt | 4.8B | 5.4B | 6.6B | 7.3B | 6.8B | 5.5B | |
Good Will | 565M | 408M | 1.0B | 1.0B | 781M | 732.8M | |
Property Plant Equipment | 8.1B | 7.9B | 9.3B | 9.3B | 10.7B | 7.2B | |
Current Deferred Revenue | 536M | 540M | 689M | 1.4B | 663M | 755.9M | |
Net Tangible Assets | 3.6B | 2.5B | 3.0B | 5.3B | 6.1B | 6.4B | |
Noncontrolling Interest In Consolidated Entity | 194M | 181M | 185M | 166M | 149.4M | 179.4M | |
Retained Earnings Total Equity | 6.1B | 4.8B | 5.6B | 5.8B | 6.6B | 4.7B | |
Long Term Debt Total | 4.8B | 5.4B | 6.6B | 7.3B | 8.4B | 6.0B |
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Is Goodyear Tire's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Goodyear Tire. If investors know Goodyear will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Goodyear Tire listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.66) | Earnings Share (2.27) | Revenue Per Share 68.929 | Quarterly Revenue Growth (0.08) | Return On Assets 0.0161 |
The market value of Goodyear Tire Rubber is measured differently than its book value, which is the value of Goodyear that is recorded on the company's balance sheet. Investors also form their own opinion of Goodyear Tire's value that differs from its market value or its book value, called intrinsic value, which is Goodyear Tire's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Goodyear Tire's market value can be influenced by many factors that don't directly affect Goodyear Tire's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Goodyear Tire's value and its price as these two are different measures arrived at by different means. Investors typically determine if Goodyear Tire is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Goodyear Tire's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.