Goodyear Net Working Capital vs Current Deferred Revenue Analysis

GT Stock

USD 12.91 0.16 1.22%

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 Net Working Capital and its Current Deferred Revenue 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.

Net Working Capital vs Current Deferred Revenue

Net Working Capital vs Current Deferred Revenue Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Goodyear Tire Rubber Net Working Capital account and Current Deferred Revenue. At this time, the significance of the direction appears to have fragmental relationship.

The correlation between Goodyear Tire's Net Working Capital and Current Deferred Revenue is 0.52. Overlapping area represents the amount of variation of Net Working Capital that can explain the historical movement of Current Deferred Revenue 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 Net Working Capital and Current Deferred Revenue is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Working Capital of Goodyear Tire Rubber are associated (or correlated) with its Current Deferred Revenue. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Current Deferred Revenue has no effect on the direction of Net Working Capital i.e., Goodyear Tire's Net Working Capital and Current Deferred Revenue go up and down completely randomly.

Correlation Coefficient

0.52

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Net Working Capital

Current Deferred Revenue

Revenue that has been collected but not yet earned, typically from prepaid service contracts or subscriptions. This amount is considered a liability until the service is provided or the subscription period ends.

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

Gross Profit Total Revenue

Goodyear Tire fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Accounts Payable	Common Stock Total Equity	Intangible Assets	Common Stock
Total Assets		0.96	-0.62	0.97	0.26	0.93	0.66	0.29	0.28	0.88	0.1	0.27	0.8	0.52	0.8	0.85	0.47	0.46	0.91	0.57	0.74	0.5	0.95	0.91	0.32	0.05
Short Long Term Debt Total	0.96		-0.65	0.92	0.4	0.98	0.75	0.43	0.13	0.94	0.26	0.13	0.64	0.43	0.67	0.73	0.34	0.55	0.8	0.6	0.57	0.61	0.9	0.87	0.37	-0.11
Other Current Liab	-0.62	-0.65		-0.57	-0.48	-0.61	-0.57	-0.53	0.06	-0.65	-0.21	0.06	-0.3	0.13	-0.3	-0.58	0.0	-0.32	-0.42	-0.37	-0.3	-0.51	-0.6	-0.39	-0.24	0.1
Total Current Liabilities	0.97	0.92	-0.57		0.18	0.91	0.64	0.21	0.26	0.83	-0.03	0.26	0.83	0.47	0.79	0.89	0.52	0.32	0.91	0.59	0.74	0.56	0.98	0.89	0.36	0.17
Total Stockholder Equity	0.26	0.4	-0.48	0.18		0.45	0.56	0.94	-0.75	0.64	0.6	-0.75	-0.26	-0.07	-0.36	0.07	-0.58	0.46	-0.18	0.36	-0.4	0.66	0.16	0.26	0.36	-0.5
Property Plant And Equipment Net	0.93	0.98	-0.61	0.91	0.45		0.76	0.49	0.01	0.96	0.34	0.01	0.58	0.35	0.61	0.7	0.33	0.58	0.75	0.61	0.48	0.68	0.88	0.83	0.39	-0.19
Net Debt	0.66	0.75	-0.57	0.64	0.56	0.76		0.54	-0.29	0.79	0.44	-0.29	0.38	-0.04	0.27	0.49	0.2	0.47	0.43	0.89	0.19	0.77	0.59	0.66	0.7	-0.29
Retained Earnings	0.29	0.43	-0.53	0.21	0.94	0.49	0.54		-0.68	0.67	0.6	-0.68	-0.26	-0.1	-0.29	0.04	-0.51	0.48	-0.11	0.21	-0.38	0.72	0.16	0.23	0.14	-0.5
Cash	0.28	0.13	0.06	0.26	-0.75	0.01	-0.29	-0.68		-0.16	-0.5	1.0	0.58	0.52	0.76	0.28	0.66	-0.13	0.61	-0.22	0.77	-0.52	0.27	0.22	-0.37	0.47
Non Current Assets Total	0.88	0.94	-0.65	0.83	0.64	0.96	0.79	0.67	-0.16		0.42	-0.16	0.45	0.34	0.45	0.62	0.12	0.62	0.62	0.6	0.33	0.75	0.79	0.82	0.39	-0.27
Non Currrent Assets Other	0.1	0.26	-0.21	-0.03	0.6	0.34	0.44	0.6	-0.5	0.42		-0.5	-0.32	-0.18	-0.23	-0.22	-0.23	0.86	-0.17	0.26	-0.41	0.28	-0.05	0.15	0.22	-0.98
Cash And Short Term Investments	0.27	0.13	0.06	0.26	-0.75	0.01	-0.29	-0.68	1.0	-0.16	-0.5		0.58	0.52	0.76	0.28	0.66	-0.13	0.61	-0.22	0.77	-0.52	0.27	0.22	-0.37	0.47
Net Receivables	0.8	0.64	-0.3	0.83	-0.26	0.58	0.38	-0.26	0.58	0.45	-0.32	0.58		0.51	0.9	0.88	0.8	0.06	0.92	0.48	0.94	0.14	0.84	0.75	0.27	0.42
Common Stock Shares Outstanding	0.52	0.43	0.13	0.47	-0.07	0.35	-0.04	-0.1	0.52	0.34	-0.18	0.52	0.51		0.57	0.33	0.25	0.24	0.56	-0.04	0.55	-0.08	0.43	0.67	-0.18	0.22
Non Current Liabilities Total	0.8	0.67	-0.3	0.79	-0.36	0.61	0.27	-0.29	0.76	0.45	-0.23	0.76	0.9	0.57		0.74	0.8	0.21	0.97	0.29	0.95	0.01	0.79	0.71	0.04	0.3
Inventory	0.85	0.73	-0.58	0.89	0.07	0.7	0.49	0.04	0.28	0.62	-0.22	0.28	0.88	0.33	0.74		0.54	0.09	0.84	0.56	0.81	0.36	0.93	0.72	0.43	0.34
Other Current Assets	0.47	0.34	0.0	0.52	-0.58	0.33	0.2	-0.51	0.66	0.12	-0.23	0.66	0.8	0.25	0.8	0.54		0.02	0.73	0.32	0.78	-0.09	0.51	0.4	0.12	0.26
Other Stockholder Equity	0.46	0.55	-0.32	0.32	0.46	0.58	0.47	0.48	-0.13	0.62	0.86	-0.13	0.06	0.24	0.21	0.09	0.02		0.26	0.3	0.02	0.25	0.29	0.52	0.16	-0.83
Total Liab	0.91	0.8	-0.42	0.91	-0.18	0.75	0.43	-0.11	0.61	0.62	-0.17	0.61	0.92	0.56	0.97	0.84	0.73	0.26		0.42	0.92	0.22	0.9	0.81	0.17	0.27
Property Plant And Equipment Gross	0.57	0.6	-0.37	0.59	0.36	0.61	0.89	0.21	-0.22	0.6	0.26	-0.22	0.48	-0.04	0.29	0.56	0.32	0.3	0.42		0.28	0.55	0.59	0.62	0.93	-0.15
Total Current Assets	0.74	0.57	-0.3	0.74	-0.4	0.48	0.19	-0.38	0.77	0.33	-0.41	0.77	0.94	0.55	0.95	0.81	0.78	0.02	0.92	0.28		-0.07	0.77	0.64	0.08	0.48
Short Term Debt	0.5	0.61	-0.51	0.56	0.66	0.68	0.77	0.72	-0.52	0.75	0.28	-0.52	0.14	-0.08	0.01	0.36	-0.09	0.25	0.22	0.55	-0.07		0.46	0.45	0.41	-0.15
Accounts Payable	0.95	0.9	-0.6	0.98	0.16	0.88	0.59	0.16	0.27	0.79	-0.05	0.27	0.84	0.43	0.79	0.93	0.51	0.29	0.9	0.59	0.77	0.46		0.84	0.41	0.19
Common Stock Total Equity	0.91	0.87	-0.39	0.89	0.26	0.83	0.66	0.23	0.22	0.82	0.15	0.22	0.75	0.67	0.71	0.72	0.4	0.52	0.81	0.62	0.64	0.45	0.84		0.39	-0.02
Intangible Assets	0.32	0.37	-0.24	0.36	0.36	0.39	0.7	0.14	-0.37	0.39	0.22	-0.37	0.27	-0.18	0.04	0.43	0.12	0.16	0.17	0.93	0.08	0.41	0.41	0.39		-0.14
Common Stock	0.05	-0.11	0.1	0.17	-0.5	-0.19	-0.29	-0.5	0.47	-0.27	-0.98	0.47	0.42	0.22	0.3	0.34	0.26	-0.83	0.27	-0.15	0.48	-0.15	0.19	-0.02	-0.14

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Goodyear Tire Account Relationship Matchups

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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When determining whether Goodyear Tire Rubber is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Goodyear Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Goodyear Tire Rubber Stock. Highlighted below are key reports to facilitate an investment decision about Goodyear Tire Rubber Stock:

How To Invest In Goodyear

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Is Goodyear Stock a good investment?

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What is Goodyear Tire's Net Worth?

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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.

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When running Goodyear Tire's price analysis, check to measure Goodyear Tire's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Goodyear Tire is operating at the current time. Most of Goodyear Tire's value examination focuses on studying past and present price action to predict the probability of Goodyear Tire's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Goodyear Tire's price. Additionally, you may evaluate how the addition of Goodyear Tire to your portfolios can decrease your overall portfolio volatility.

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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.

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Goodyear Net Working Capital vs Current Deferred Revenue Analysis

Net Working Capital vs Current Deferred Revenue

Net Working Capital vs Current Deferred Revenue Correlation Analysis

Correlation Coefficient

Net Working Capital

Current Deferred Revenue

Goodyear Tire fundamental ratios Correlations

Goodyear Tire Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Goodyear Tire fundamental ratios Accounts

Building efficient market-beating portfolios requires time, education, and a lot of computing power!

Complementary Tools for Goodyear Stock analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Cash And Short Term Investments	+ 1.0	Cash
Property Plant And Equipment Net	+ 0.98	Short Long Term Debt Total
Accounts Payable	+ 0.98	Total Current Liabilities
Total Current Liabilities	+ 0.97	Total Assets
Total Liab	+ 0.97	Non Current Liabilities Total
Short Long Term Debt Total	+ 0.96	Total Assets

Common Stock	- 0.98	Non Currrent Assets Other
Common Stock	- 0.83	Other Stockholder Equity
Cash And Short Term Investments	- 0.75	Total Stockholder Equity
Cash	- 0.75	Total Stockholder Equity
Cash And Short Term Investments	- 0.68	Retained Earnings
Cash	- 0.68	Retained Earnings