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The Goodyear Tire & Rubber Co (GT:NASD) Strategic SWOT, PESTLE Analysis and Financial Insights - A 360 Review of Opportunities, Challenges and Risk, Corporate and ESG Strategies, Competitive Intelligence, and Recent Trends
Company Report I 2024-08-12 I 94 Pages I Quaintel Research
Report Summary
The Goodyear Tire & Rubber Co (GT:NASD) Strategic SWOT, PESTLE Analysis and Financial Insights - A 360 Review of Opportunities, Challenges and Risk, Corporate and ESG Strategies, Competitive Intelligence, and Recent Trends Report is a comprehensive and easily accessible overview of The Goodyear Tire & Rubber Co's business operations. It provides a detailed analysis of the company's financial and strategic standing, as well as its position in the industry compared to competitors. The report includes several key features to facilitate decision-making and provide insights into the company's performance.
The report begins with in-depth information about The Goodyear Tire & Rubber Co including key insights, business segments, key executives, locations, products and services, historical events, corporate strategy, and management discussions. This section provides a solid foundation for understanding the company's key attributes.
Next, the report assesses The Goodyear Tire & Rubber Co's strategic standing through various analyses. The ESG spotlight evaluates the company's environmental, social, and governance performance, providing insights into its sustainability efforts and ethical practices. The SWOT analysis examines the company's internal strengths and weaknesses, as well as external opportunities and threats. The PESTLE analysis evaluates the external factors impacting the company's operations and market environment. Additionally, By integrating these strategic analyses, the report offers a comprehensive understanding of The Goodyear Tire & Rubber Co's overall strategic standing and supports informed decision-making and strategic planning.
The report also covers The Goodyear Tire & Rubber Co's financial analysis basis of latest income statement, balance sheet, and cash flow statement. Key financial ratios related to profitability, asset turnover, credit, market, and long-term solvency are outlined, providing guidance for investment decisions. Furthermore, the report compares The Goodyear Tire & Rubber Co's financial parameters with those of its competitors, offering a unique analysis of the competitive landscape. This information helps manage the business environment and improve sales activities by gaining insight into competitors' operations.
Finally, the report includes recent news and deal activities undertaken by The Goodyear Tire & Rubber Co enhancing awareness of the company's business trends, growth perspectives, and more.
Key Highlights
The Goodyear Tire and Rubber Company, along with its subsidiaries, develops, manufactures, distributes, and sells tires and related products and services globally. It offers a wide range of rubber tires for various vehicles including automobiles, trucks, buses, aircraft, motorcycles, earthmoving and mining equipment, farm implements, and industrial equipment. These products are marketed under the Goodyear, Cooper, Dunlop, Kelly, Mastercraft, Roadmaster, Debica, Sava, Fulda, Mickey Thompson, Avon, and Remington brands, as well as several house and private-label brands. The company also provides retread tires for trucks, aviation, and off-the-road applications, manufactures and sells tread rubber and other tire retreading materials, sells chemical products, and offers automotive and commercial repair services, among other products and services.
Additionally, Goodyear operates around 950 retail outlets that sell products and provide repair services. It also offers online sales and installation services for commercial tires. The company provides automotive maintenance and repair services under the Goodyear and Just Tires names, and sells automotive repair items, equipment, accessories, and other products to dealers and consumers. Goodyear's products are distributed worldwide through a network of independent dealers, regional distributors, retail outlets, and retailers. Incorporated in 1898, The Goodyear Tire and Rubber Company is headquartered in Akron, Ohio.
The Goodyear Tire and Rubber Co in the News:-
- 01-Jul-2024 - Goodyear Asia Pacific wins Asia Responsible Enterprise Awards 2024
- 27-Jun-2024 - Goodyear Shares Sustainability Progress in 2023 Corporate Responsibility Report
- 24-Jun-2024 - Goodyear Introduces Subscription-Based "Tires as a Service" Offering to Lower Fleet Total Cost of Ownership
- 20-Jun-2024 - New Cooper Discoverer Stronghold AT is engineered for maximum durability, quiet comfort, unparallel grip and three-peak mountain snowflake designation
- 29-May-2024 - Goodyear Names Nicole Gray SVP and Chief Human Resources OfficerScope
- Tactical Analysis:- Various strategic frameworks to gain insights into a company's competitive position and operational environment. These analytical tools assist in identifying competitive advantages, potential risks, and areas for improvement and efficiency, enabling companies to make informed tactical decisions.
- Business Strategy:- Contributes to shaping the company's overall direction, goals, and decision-making processes, ensuring long-term success and alignment with stakeholder expectations.
- Financial Position:- Provide valuable information on the financial performance and investor sentiment surrounding the company. Indicating the level of confidence and expectations in the company's future prospects. These components collectively contribute to understanding the financial health and market perception of the company.
- Company Fundamentals:- These fundamentals offer valuable insights into the company's history, operations, leadership, and geographical presence, aiding in a comprehensive understanding of the organization.
- Competitive Landscape:- An identification of the company's main competitors, providing insights into the competitive landscape it operates in.
Reasons to Buy
- Comprehensive Understanding of the The Goodyear Tire & Rubber Co's internal and external factors through SWOT analysis, PESTLE analysis, Financial Analysis, and Competitors Benchmarking.
- Strive Strategic Decision Making with various analyses and identifying potential customers and suppliers.
- Mitigate Risk with help of thorough analysis of internal and external factors. Furthermore, develop strategies and contingency plans to address these challenges and minimize their impact on business operations.
- Competitive Benchmarking will help to gain a competitive advantage by understanding industry trends, customer preferences, and best practices.
- Financial Performance Evaluation provides crucial insights into key financial ratios and trends, supporting better financial decision-making and resource allocation.
- Valuable insights from the report enable investors and partners to make informed decisions regarding potential Collaborations, Investments, or Partnerships with the company.
Additionally, available deep-dive analysis on the company The Goodyear Tire & Rubber Co:
- The Goodyear Tire & Rubber Co Value Chain Analysis
- The Goodyear Tire & Rubber Co Porter's Five Forces Analysis
- The Goodyear Tire & Rubber Co VRIO Analysis
- The Goodyear Tire & Rubber Co BCG Analysis
- The Goodyear Tire & Rubber Co Segmentation, Targeting and Positioning (STP) Analysis
- The Goodyear Tire & Rubber Co Ansoff Matrix Analysis
Table of Contents
COMPANY EXECUTIVE SUMMARY 1
Table of Contents 2
Tables 6
Charts 7
The Goodyear Tire & Rubber Co - Key Company Facts 8
The Goodyear Tire & Rubber Co - Company Description 9
The Goodyear Tire & Rubber Co - Top Executives 10
The Goodyear Tire & Rubber Co- Head Office & Locations 11
Head Office - Country 11
The Goodyear Tire & Rubber Co - Products and Services 12
Products 12
Services 13
The Goodyear Tire & Rubber Co - Company's Mission and Vision 14
Mission 14
Vision 14
The Goodyear Tire & Rubber Co - Corporate Strategy 15
The Goodyear Tire & Rubber Co - Business Description 19
Asia Pacific Segment 20
Europe, Middle East, and Africa (EMEA) Segment 21
Americas Segment 21
The Goodyear Tire & Rubber Co - ESG Spotlight 23
Environment 23
Social 24
Corporate Governance 24
The Goodyear Tire & Rubber Co - SWOT Analysis 25
Overview 25
Strengths 27
Weaknesses 30
Opportunities 32
Threats 33
The Goodyear Tire & Rubber Co - PESTLE Analysis 35
Overview 35
Political Factors 37
Economic Factors 39
Social Factors 40
Technological Factors 42
Legal Factors 43
Environmental Factors 45
The Goodyear Tire & Rubber Co - Financial Deep Dive 46
Share Price Trend - Aug-2023 to Aug-2024 (Average Share Closing Price) 46
Profit and Loss Statement 48
Balance Sheet 49
Cash Flow Statement 50
Key Financial Ratio Analysis 51
The Goodyear Tire & Rubber Co - Ratio Charts 52
Activity Ratio Charts 52
Growth Ratios Charts 53
Leverage Ratio Charts 54
Liquidity Ratio Charts 55
Profitability Ratio Charts 56
Competing Players 57
Snapshot of Competing Players 58
Bridgestone Corp 58
Key Company Facts 58
Company Description 58
Snapshot of Competing Players 60
Compagnie Generale des Etablissements Michelin 60
Key Company Facts 60
Company Description 60
Snapshot of Competing Players 62
Continental AG 62
Key Company Facts 62
Company Description 62
Snapshot of Competing Players 64
Pirelli and C SpA 64
Key Company Facts 64
Company Description 64
Snapshot of Competing Players 66
Sumitomo Rubber Industries Ltd 66
Key Company Facts 66
Company Description 66
The Goodyear Tire & Rubber Co - In the News 68
01-Jul-2024 - Goodyear Asia Pacific wins Asia Responsible Enterprise Awards 2024 68
27-Jun-2024 - Goodyear Shares Sustainability Progress in 2023 Corporate Responsibility Report 69
24-Jun-2024 - Goodyear Introduces Subscription-Based "Tires as a Service" Offering to Lower Fleet Total Cost of Ownership 71
20-Jun-2024 - New Cooper Discoverer Stronghold AT is engineered for maximum durability, quiet comfort, unparallel grip and three-peak mountain snowflake designation 72
29-May-2024 - Goodyear Names Nicole Gray SVP and Chief Human Resources Officer 73
06-May-2024 - Goodyear Reports First Quarter 2024 Financial Results 74
02-May-2024 - Goodyear celebrates 25 years of hosting STEM Career Days in Northeast Ohio 76
23-Apr-2024 - Goodyear names Ryan Waldron Americas Business President 77
21-Mar-2024 - Ethisphere names Goodyear one of the 2024 World's Most Ethical Companies 78
20-Mar-2024 - Goodyear introduces the RL-5K Off-the-Road tire with three-star load capacity rating for heavy duty loaders 79
08-Mar-2024 - Two Goodyear associates recognized as exceptional women in manufacturing 80
04-Mar-2024 - Goodyear announces winners in 40th anniversary Highway Hero program 82
04-Mar-2024 - Goodyear introduces two hard-working tires for regional delivery fleets 84
12-Feb-2024 - Goodyear reports fourth quarter and full-year 2023 financial results 86
09-Feb-2024 - Goodyear to participate in Wolfe Research Global Auto and Auto Tech Conference 87
Appendix 88
Definitions 88
SWOT Analysis 88
PESTLE Analysis 88
Value Chain Analysis 88
ESG Spotlight 88
Financial Deep Dive 88
Financial Ratios - 89
Activity Ratios 89
Growth Ratios 90
Leverage Ratios 91
Liquidity Ratios 92
Market Ratios 93
Profitability Ratios 93
Research Methodology 94
Disclaimer 95
Contact Us 95
Tables
Table 1: The Goodyear Tire & Rubber Co - Company Facts
Table 2: The Goodyear Tire & Rubber Co - Top Executives
Table 3: The Goodyear Tire & Rubber Co - Products
Table 4: The Goodyear Tire & Rubber Co - Services
Table 5: The Goodyear Tire & Rubber Co - Share Price Trend - Aug-2023 to Aug-2024
Table 6: The Goodyear Tire & Rubber Co - Ratio Analysis - 2020-2023
Table 7: The Goodyear Tire & Rubber Co - Competing Players
Charts
Figure 1: The Goodyear Tire & Rubber Co- SWOT Analysis 26
Figure 2: The Goodyear Tire & Rubber Co - PESTLE Analysis 36
Figure 3: The Goodyear Tire & Rubber Co - Average Share Price Trend - Aug-2023 to Aug-2024 47
Figure 4: The Goodyear Tire & Rubber Co - Profit and Loss Statement - 2020-2023 48
Figure 5: The Goodyear Tire & Rubber Co - Balance Sheet - 2020-2023 49
Figure 6: The Goodyear Tire & Rubber Co - Cash Flow Statement 2020-2023 50
Figure 7: The Goodyear Tire & Rubber Co - Activity Ratio Charts 52
Figure 8: The Goodyear Tire & Rubber Co - Growth Ratio Charts (Value %) 53
Figure 9: The Goodyear Tire & Rubber Co - Leverage Ratio Charts 54
Figure 10: The Goodyear Tire & Rubber Co - Liquidity Ratio Charts 55
Figure 11: The Goodyear Tire & Rubber Co - Profitability Ratio Charts (Value %) 56
Figure 12: Competing Players - Bridgestone Corp - Key Financials 59
Figure 13: Competing Players - Continental AG - Key Financials 63
Figure 14: Competing Players - Pirelli and C SpA - Key Financials 65
Figure 15: Competing Players - Sumitomo Rubber Industries Ltd - Key Financials 67
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