Goodyear Total Assets vs Net Invested Capital Analysis

GT Stock

USD 10.13 0.42 4.33%

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 Total Assets and its Net Invested Capital 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 closely tied with the direction of predictive economic indicators such as signals in estimate.

Total Assets vs Net Invested Capital

Total Assets vs Net Invested Capital Correlation Analysis

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

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

Correlation Coefficient

0.52

Relationship Direction	Positive
Relationship Strength	Weak

View All Relationships

Total Assets

Total assets refers to the total amount of Goodyear Tire assets owned. Assets are items that have some economic value and are expended over time to create a benefit for the owner. These assets are usually recorded in Goodyear Tire Rubber books under different categories such as cash, marketable securities, accounts receivable,prepaid expenses, inventory, fixed assets, intangible assets, other assets, marketable securities, accounts receivable, prepaid expenses and others. The total value of all owned resources that are expected to provide future economic benefits to the business, including cash, investments, accounts receivable, inventory, property, plant, equipment, and intangible assets.

Net Invested Capital

The total amount of capital invested in a company, including both equity and debt, minus any cash or cash equivalents.

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 closely tied 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	0.07	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	0.56	0.95	0.91	0.32	0.05
Short Long Term Debt Total	0.96		0.14	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	0.69	0.9	0.87	0.37	-0.11
Other Current Liab	0.07	0.14		0.17	0.02	0.18	0.15	-0.2	-0.18	0.09	0.07	-0.18	0.11	0.02	0.02	0.19	0.08	0.03	0.08	0.46	0.02	0.15	0.25	0.2	0.64	-0.06
Total Current Liabilities	0.97	0.92	0.17		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	0.62	0.98	0.89	0.36	0.17
Total Stockholder Equity	0.26	0.4	0.02	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	0.65	0.16	0.26	0.36	-0.5
Property Plant And Equipment Net	0.93	0.98	0.18	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	0.75	0.88	0.83	0.39	-0.19
Net Debt	0.66	0.75	0.15	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	0.81	0.59	0.66	0.7	-0.29
Retained Earnings	0.29	0.43	-0.2	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	0.69	0.16	0.23	0.14	-0.5
Cash	0.28	0.13	-0.18	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	-0.49	0.27	0.22	-0.37	0.47
Non Current Assets Total	0.88	0.94	0.09	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	0.8	0.79	0.82	0.39	-0.27
Non Currrent Assets Other	0.1	0.26	0.07	-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	0.3	-0.05	0.15	0.22	-0.98
Cash And Short Term Investments	0.27	0.13	-0.18	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	-0.49	0.27	0.22	-0.37	0.47
Net Receivables	0.8	0.64	0.11	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	0.18	0.84	0.75	0.27	0.42
Common Stock Shares Outstanding	0.52	0.43	0.02	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	-0.07	0.43	0.67	-0.18	0.22
Non Current Liabilities Total	0.8	0.67	0.02	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	0.07	0.79	0.71	0.04	0.3
Inventory	0.85	0.73	0.19	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	0.41	0.93	0.72	0.43	0.34
Other Current Assets	0.47	0.34	0.08	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	-0.06	0.51	0.4	0.12	0.26
Other Stockholder Equity	0.46	0.55	0.03	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	0.28	0.29	0.52	0.16	-0.83
Total Liab	0.91	0.8	0.08	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	0.29	0.9	0.81	0.17	0.27
Property Plant And Equipment Gross	0.57	0.6	0.46	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	0.63	0.59	0.62	0.93	-0.15
Total Current Assets	0.74	0.57	0.02	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		-0.02	0.77	0.64	0.08	0.48
Short Term Debt	0.56	0.69	0.15	0.62	0.65	0.75	0.81	0.69	-0.49	0.8	0.3	-0.49	0.18	-0.07	0.07	0.41	-0.06	0.28	0.29	0.63	-0.02		0.54	0.51	0.5	-0.16
Accounts Payable	0.95	0.9	0.25	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	0.54		0.84	0.41	0.19
Common Stock Total Equity	0.91	0.87	0.2	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	0.51	0.84		0.39	-0.02
Intangible Assets	0.32	0.37	0.64	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	0.5	0.41	0.39		-0.14
Common Stock	0.05	-0.11	-0.06	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	-0.16	0.19	-0.02	-0.14

Click cells to compare fundamentals

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	1.2B	1.3B	1.3B	1.6B	1.0B
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	954M	1.2B	1.0B	1.2B	686.8M
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

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.

Explore Investing Ideas

Additional Tools for Goodyear Stock Analysis

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.

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC