Analysis of Long-term (Investment) Activity Ratios
Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.
Long-term Activity Ratios (Summary)
Toyota Motor Corp., long-term (investment) activity ratios
Based on: 20-F (reporting date: 2015-03-31), 20-F (reporting date: 2014-03-31), 20-F (reporting date: 2013-03-31), 20-F (reporting date: 2012-03-31), 20-F (reporting date: 2011-03-31), 20-F (reporting date: 2010-03-31).
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover | An activity ratio calculated as total revenue divided by net fixed assets. | Toyota Motor Corp. net fixed asset turnover ratio improved from 2013 to 2014 but then deteriorated significantly from 2014 to 2015. |
| Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | Toyota Motor Corp. total asset turnover ratio deteriorated from 2013 to 2014 and from 2014 to 2015. |
| Equity turnover | An activity ratio calculated as total revenue divided by shareholders’ equity. | Toyota Motor Corp. equity turnover ratio deteriorated from 2013 to 2014 and from 2014 to 2015. |
Net Fixed Asset Turnover
Toyota Motor Corp., net fixed asset turnover calculation, comparison to benchmarks
| Mar 31, 2015 | Mar 31, 2014 | Mar 31, 2013 | Mar 31, 2012 | Mar 31, 2011 | Mar 31, 2010 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions, translated from JPY ￥) | |||||||
| Net revenues | 227,030) | 249,484) | 234,327) | 226,106) | 228,427) | 203,686) | |
| Property, plant and equipment, net | 77,490) | 74,202) | 72,762) | 75,865) | 75,877) | 72,129) | |
| Long-term Activity Ratio | |||||||
| Net fixed asset turnover1 | 2.93 | 3.36 | 3.22 | 2.98 | 3.01 | 2.82 | |
| Benchmarks | |||||||
| Net Fixed Asset Turnover, Competitors2 | |||||||
| Ford Motor Co. | — | — | — | — | — | — | |
| General Motors Co. | — | — | — | — | — | — | |
| Tesla Inc. | — | — | — | — | — | — | |
Based on: 20-F (reporting date: 2015-03-31), 20-F (reporting date: 2014-03-31), 20-F (reporting date: 2013-03-31), 20-F (reporting date: 2012-03-31), 20-F (reporting date: 2011-03-31), 20-F (reporting date: 2010-03-31).
1 2015 Calculation
Net fixed asset turnover = Net revenues ÷ Property, plant and equipment, net
= 227,030 ÷ 77,490 = 2.93
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Net fixed asset turnover | An activity ratio calculated as total revenue divided by net fixed assets. | Toyota Motor Corp. net fixed asset turnover ratio improved from 2013 to 2014 but then deteriorated significantly from 2014 to 2015. |
Total Asset Turnover
Toyota Motor Corp., total asset turnover calculation, comparison to benchmarks
| Mar 31, 2015 | Mar 31, 2014 | Mar 31, 2013 | Mar 31, 2012 | Mar 31, 2011 | Mar 31, 2010 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions, translated from JPY ￥) | |||||||
| Net revenues | 227,030) | 249,484) | 234,327) | 226,106) | 228,427) | 203,686) | |
| Total assets | 397,881) | 402,384) | 376,841) | 372,928) | 358,607) | 326,196) | |
| Long-term Activity Ratio | |||||||
| Total asset turnover1 | 0.57 | 0.62 | 0.62 | 0.61 | 0.64 | 0.62 | |
| Benchmarks | |||||||
| Total Asset Turnover, Competitors2 | |||||||
| Ford Motor Co. | — | — | — | — | — | — | |
| General Motors Co. | — | — | — | — | — | — | |
| Tesla Inc. | — | — | — | — | — | — | |
Based on: 20-F (reporting date: 2015-03-31), 20-F (reporting date: 2014-03-31), 20-F (reporting date: 2013-03-31), 20-F (reporting date: 2012-03-31), 20-F (reporting date: 2011-03-31), 20-F (reporting date: 2010-03-31).
1 2015 Calculation
Total asset turnover = Net revenues ÷ Total assets
= 227,030 ÷ 397,881 = 0.57
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | Toyota Motor Corp. total asset turnover ratio deteriorated from 2013 to 2014 and from 2014 to 2015. |
Equity Turnover
Toyota Motor Corp., equity turnover calculation, comparison to benchmarks
| Mar 31, 2015 | Mar 31, 2014 | Mar 31, 2013 | Mar 31, 2012 | Mar 31, 2011 | Mar 31, 2010 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions, translated from JPY ￥) | |||||||
| Net revenues | 227,030) | 249,484) | 234,327) | 226,106) | 228,427) | 203,686) | |
| Total Toyota Motor Corporation shareholders’ equity | 139,948) | 140,504) | 129,015) | 128,364) | 124,262) | 111,347) | |
| Long-term Activity Ratio | |||||||
| Equity turnover1 | 1.62 | 1.78 | 1.82 | 1.76 | 1.84 | 1.83 | |
| Benchmarks | |||||||
| Equity Turnover, Competitors2 | |||||||
| Ford Motor Co. | — | — | — | — | — | — | |
| General Motors Co. | — | — | — | — | — | — | |
| Tesla Inc. | — | — | — | — | — | — | |
Based on: 20-F (reporting date: 2015-03-31), 20-F (reporting date: 2014-03-31), 20-F (reporting date: 2013-03-31), 20-F (reporting date: 2012-03-31), 20-F (reporting date: 2011-03-31), 20-F (reporting date: 2010-03-31).
1 2015 Calculation
Equity turnover = Net revenues ÷ Total Toyota Motor Corporation shareholders’ equity
= 227,030 ÷ 139,948 = 1.62
2 Click competitor name to see calculations.
| Long-term activity ratio | Description | The company |
|---|---|---|
| Equity turnover | An activity ratio calculated as total revenue divided by shareholders’ equity. | Toyota Motor Corp. equity turnover ratio deteriorated from 2013 to 2014 and from 2014 to 2015. |