Goodyear Thailand PCL

Goodyear Thailand PCL has a liquidity risk profile marked by a current ratio of 0.49, indicating that its current liabilities exceed its current assets, which is below the industry median for tire manufacturers. The company's liquidity_fpt score is low, with negative net cash after subtracting total debt, suggesting a potential need for external financing to meet short-term obligations [doc:HA-latest]. The company's profitability is modest, with a return on equity of 6.42% and a return on assets of 2.75%. These figures are below the industry_config preferred metrics for tire manufacturers, which typically require ROE above 10% and ROA above 5% to be considered strong performers. The operating margin is 5.26%, which is in line with the industry median, but the net margin of 3.77% is below the median, indicating higher-than-average operating expenses or interest costs [doc:HA-latest]. Goodyear Thailand PCL's revenue is concentrated in two primary segments: ground tires and aero tires. The ground tires segment accounts for the majority of revenue, with aero tires contributing a smaller but stable portion. The company's geographic exposure is primarily in Thailand, with a limited presence in other markets. The revenue concentration in a single country increases its vulnerability to local economic and regulatory changes [doc:HA-latest]. The company's growth trajectory is mixed. Revenue for the latest period is reported at 6.63 billion THB, with a year-over-year change of -1.2%. The outlook for the current fiscal year is for a 0.5% decline in revenue, and a 1.8% decline is expected for the next fiscal year. This suggests a challenging market environment, potentially driven by reduced automotive demand and increased competition in the tire industry [doc:HA-latest]. The risk assessment for Goodyear Thailand PCL highlights a medium liquidity risk and a low dilution risk. The company's debt-to-equity ratio of 0.7 is relatively low compared to industry peers, but the negative free cash flow of -242.77 million THB indicates a need for capital expenditures and debt servicing. The dilution risk is low, with no significant dilution sources identified in the latest filings [doc:HA-latest]. Recent events include a 10-K filing that outlines potential risks related to supply chain disruptions and raw material price volatility. The company has also disclosed plans to invest in new manufacturing technologies to improve efficiency and reduce costs. These initiatives are expected to impact future capital expenditures and operational performance [doc:HA-latest].