42
2022 // SUPPLY CHAINS TO ADMIRE
Tires Over the last decade, the tire industry chased cost. Inventory turns declined. 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 industry, supply chain excellence remains elusive.
Table 28. Tire Sector Evaluation for the Period of 2012-2021
INDUSTRY: Tires
COMPANY INFORMATION
IMPROVEMENT
PERFORMANCE
VALUE
RETURN ON INVESTED CAPITAL
GROWTH (Year Over Year Revenue)
2021 REVENUE
SUPPLY CHAIN INDEX
INVENTORY TURNS
OPERATING MARGIN
PRICE TO BOOK
MARKET CAPITALIZATION
NAME
2012 - 2021
Bridgestone
$29,585
1
-2.0%
3.81
11%
9.3%
1.41
27,562
Cooper-Standard Holdings Co
$2,330
4
-1.5%
16.93
4%
1.5%
1.58
1,040
Goodyear Tire & Rubber
$17,478
3
-1.6%
4.61
7%
5.6%
2.14
5,864
Michelin
$28,154
2
0.1%
3.36
12%
9.8%
1.08
14,558
MEAN WITH OUTLIERS
-2%
4.42
9%
9%
1.63
11,575
MEAN WITHOUT OUTLIERS
$16,568
-2%
4.42
9%
9%
1.63
11,575
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