Goodyear Common Stock vs Total Assets Analysis
GT Stock | USD 11.96 0.16 1.32% |
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 Common Stock and its Total Assets 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.
Common Stock vs Total Assets
Common Stock vs Total Assets Correlation Analysis
The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Goodyear Tire Rubber Common Stock account and Total Assets. At this time, the significance of the direction appears to have no relationship.
The correlation between Goodyear Tire's Common Stock and Total Assets is 0.05. Overlapping area represents the amount of variation of Common Stock that can explain the historical movement of Total Assets 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 Common Stock and Total Assets is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Common Stock of Goodyear Tire Rubber are associated (or correlated) with its Total Assets. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Total Assets has no effect on the direction of Common Stock i.e., Goodyear Tire's Common Stock and Total Assets go up and down completely randomly.
Correlation Coefficient | 0.05 |
Relationship Direction | Positive |
Relationship Strength | Insignificant |
Common Stock
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.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 |
Building efficient market-beating portfolios requires time, education, and a lot of computing power!
The Portfolio Architect is an AI-driven system that provides multiple benefits to our users by leveraging cutting-edge machine learning algorithms, statistical analysis, and predictive modeling to automate the process of asset selection and portfolio construction, saving time and reducing human error for individual and institutional investors.
Try AI Portfolio ArchitectCheck 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. You can also try the Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.
Complementary 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.
Equity Search Search for actively traded equities including funds and ETFs from over 30 global markets | |
Aroon Oscillator Analyze current equity momentum using Aroon Oscillator and other momentum ratios | |
Portfolio Dashboard Portfolio dashboard that provides centralized access to all your investments | |
Price Ceiling Movement Calculate and plot Price Ceiling Movement for different equity instruments | |
Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
Cryptocurrency Center Build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency | |
Funds Screener Find actively-traded funds from around the world traded on over 30 global exchanges | |
My Watchlist Analysis Analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like |
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 (2.42) | Revenue Per Share 70.407 | Quarterly Revenue Growth (0.05) | Return On Assets 0.0152 |
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.