Goodyear Tire & Rubber Co (XBRU:GT) COGS-to-Revenue : 0.82 (As of Mar. 2024)

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What is Goodyear Tire & Rubber Co COGS-to-Revenue?

Goodyear Tire & Rubber Co's Cost of Goods Sold for the three months ended in Mar. 2024 was €3,418 Mil. Its Revenue for the three months ended in Mar. 2024 was €4,174 Mil.

Goodyear Tire & Rubber Co's COGS to Revenue for the three months ended in Mar. 2024 was 0.82.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Goodyear Tire & Rubber Co's Gross Margin % for the three months ended in Mar. 2024 was 18.12%.

Goodyear Tire & Rubber Co COGS-to-Revenue Historical Data

The historical data trend for Goodyear Tire & Rubber Co's COGS-to-Revenue can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Goodyear Tire & Rubber Co COGS-to-Revenue Chart

Goodyear Tire & Rubber Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.79

0.84

0.78

0.81

0.83

Goodyear Tire & Rubber Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
COGS-to-Revenue	Get a 7-Day Free Trial															0.85	0.85	0.81	0.80	0.82

Goodyear Tire & Rubber Co COGS-to-Revenue Calculation

Goodyear Tire & Rubber Co's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	15182.769	/	18400.522
	=	0.83

Goodyear Tire & Rubber Co's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	3417.8	/	4174.04
	=	0.82

Goodyear Tire & Rubber Co (XBRU:GT) COGS-to-Revenue Explanation

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.

Goodyear Tire & Rubber Co's Gross Margin % for the three months ended in Mar. 2024 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	3417.8 / 4174.04
	=	18.12 %

A company that has a moat can usually maintain or even expand their Gross Margin. A company can increase its Gross Margin in two ways. It can increase the prices of the goods it sells and keeps its Cost of Goods Sold unchanged. Or it can keep the sales price unchanged and squeeze its suppliers to reduce the Cost of Goods Sold. Warren Buffett believes businesses with the power to raise prices have moats.

Goodyear Tire & Rubber Co COGS-to-Revenue Related Terms

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Goodyear Tire & Rubber Co (XBRU:GT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Goodyear Tire & Rubber Co (XBRU:GT) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

GT:USA GT:Mexico GTR:Germany GYT:Austria

Address

200 Innovation Way, Akron, OH, USA, 44316-0001

Website

https://www.goodyear.com

Goodyear Tire & Rubber Co manufactures and sells a variety of rubber tires under the Goodyear brand name. The firm's tires are used for automobiles, trucks, buses, aircraft, motorcycles, mining equipment, farm equipment, and industrial equipment. The company operates its business through three operating segments representing its regional tire businesses: Americas; Europe, the Middle East, and Africa (EMEA); and the Asia Pacific.