Compagnie Generale des Etablissements Michelin SCA
PAR:ML
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Compagnie Generale des Etablissements Michelin SCA
Other Current Assets
Compagnie Generale des Etablissements Michelin SCA
Other Current Assets Peer Comparison
Competitors Analysis
Latest Figures & CAGR of Competitors
Company | Other Current Assets | CAGR 3Y | CAGR 5Y | CAGR 10Y | ||
---|---|---|---|---|---|---|
Compagnie Generale des Etablissements Michelin SCA
PAR:ML
|
Other Current Assets
€1.5B
|
CAGR 3-Years
13%
|
CAGR 5-Years
2%
|
CAGR 10-Years
8%
|
Compagnie Generale des Etablissements Michelin SCA
Glance View
Compagnie Générale des Établissements Michelin SCA, commonly known as Michelin, is a global leader in tire manufacturing and technical expertise, deeply rooted in the industrial and automotive sectors. Founded in 1889 by the Michelin brothers in Clermont-Ferrand, France, the company has evolved from its origins of crafting horse-drawn carriage tires to becoming a pivotal player in the tire industry, serving diverse markets ranging from passenger vehicles to commercial fleets and specialty tires for aviation and agriculture. Michelin’s commitment to innovation is reflected in its substantial investment in research and development, allowing it to produce high-performance tires that emphasize safety, longevity, and environmental sustainability. This forward-thinking approach, alongside strong brand loyalty exemplified by its iconic Michelin Man, has solidified its position as a trusted partner for customers worldwide. For investors, Michelin represents a compelling opportunity underscored by a robust business model and a diverse revenue stream. The company’s strategic initiatives focus on expanding its footprint in emerging markets and enhancing digital solutions such as tire management systems, which cater to both consumer and commercial clients. Additionally, Michelin’s sustainability focus resonates with modern consumer values, as it aims to reduce its carbon footprint through innovative products and responsible manufacturing practices. With a strong balance sheet and a history of consistent performance in dividend payments, Michelin’s steady growth trajectory makes it an attractive prospect for investors looking to tap into the evolving landscape of the automotive industry while paying heed to environmental considerations.
See Also
What is Compagnie Generale des Etablissements Michelin SCA's Other Current Assets?
Other Current Assets
1.5B
EUR
Based on the financial report for Jun 30, 2024, Compagnie Generale des Etablissements Michelin SCA's Other Current Assets amounts to 1.5B EUR.
What is Compagnie Generale des Etablissements Michelin SCA's Other Current Assets growth rate?
Other Current Assets CAGR 10Y
8%
Over the last year, the Other Current Assets growth was 5%. The average annual Other Current Assets growth rates for Compagnie Generale des Etablissements Michelin SCA have been 13% over the past three years , 2% over the past five years , and 8% over the past ten years .