42
42
SUPPLY CHAINS TO ADMIRE | 2023
Tires Over the last decade, the tire industry chased cost and supply chain excellence is evasive. For the period, in this analysis, there are no Supply Chains to Admire winners for the tire industry. Cooper Tires was a winner in 2016 and Bridgestone in 2017. Each Company has a unique definition of supply chain strategy; each has pursued technology and process excellence projects over the last decade, attempting to drive differentiation. For the period, operating margin declined 3% while inventory turns decreased 10%.
Table 28. Tire Sector Evaluation for the Period of 2013-2022
INDUSTRY: Telecommunications
IMPROVE- MENT
COMPANY INFORMATION
PERFORMANCE
VALUE
RETURN ON INVESTED CAPITAL
2022 REVENUE (MS)
SUPPLY CHAIN INDEX
GROWTH (Year Over Year Revenue)
FUNDAMENTAL AVERAGE SCORE
INVENTORY TURNS
OPERATING MARGIN
PRICE TO BOOK
MARKET CAP
NAME
2013 - 2022
Bridgestone
$31,519
2
-1.4%
3.68
11.0%
9.2%
9
1.40
27,954
Cooper-Standard Holdings Co
$2,525
4
-0.8%
16.74
3.0%
-1.1%
6
1.56
990
Goodyear Tire & Rubber
$20,805
3
1.1%
4.46
7.0%
5.4%
6
1.75
5,813
Michelin
$30,151
1
1.3%
3.37
11.7%
9.4%
2
1.58
21,021
MEAN WITH OUTLIERS
$21,250
0.0%
7.06
8.2%
5.7%
5.8
1.57
13,944
MEAN WITHOUT OUTLIERS
0.0%
7.06
8.2%
5.7%
5.8
1.57
13,944
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