Stock Analysis on Net
Stock Analysis on Net

Toyota Motor Corp. (NYSE:TM)

$22.49

This company has been moved to the archive! The financial data has not been updated since June 24, 2015.

Analysis of Short-term (Operating) Activity Ratios

Microsoft Excel

Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.

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Short-term Activity Ratios (Summary)

Toyota Motor Corp., short-term (operating) activity ratios

Microsoft Excel
Mar 31, 2015 Mar 31, 2014 Mar 31, 2013 Mar 31, 2012 Mar 31, 2011 Mar 31, 2010
Turnover Ratios
Inventory turnover
Receivables turnover
Payables turnover
Working capital turnover
Average No. Days
Average inventory processing period
Add: Average receivable collection period
Operating cycle
Less: Average payables payment period
Cash conversion cycle

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).

Short-term activity ratio Description The company
Inventory turnover An activity ratio calculated as cost of goods sold divided by inventory. Toyota Motor Corp. inventory turnover ratio improved from 2013 to 2014 but then deteriorated significantly from 2014 to 2015.
Receivables turnover An activity ratio equal to revenue divided by receivables. Toyota Motor Corp. receivables turnover ratio improved from 2013 to 2014 and from 2014 to 2015.
Payables turnover An activity ratio calculated as cost of goods sold divided by payables. Toyota Motor Corp. payables turnover ratio increased from 2013 to 2014 but then slightly decreased from 2014 to 2015 not reaching 2013 level.
Working capital turnover An activity ratio calculated as revenue divided by working capital. Toyota Motor Corp. working capital turnover ratio deteriorated from 2013 to 2014 and from 2014 to 2015.
Short-term activity ratio Description The company
Average inventory processing period An activity ratio equal to the number of days in the period divided by inventory turnover over the period.
Average receivable collection period An activity ratio equal to the number of days in the period divided by receivables turnover. Toyota Motor Corp. number of days of receivables outstanding improved from 2013 to 2014 and from 2014 to 2015.
Operating cycle Equal to average inventory processing period plus average receivables collection period. Toyota Motor Corp. operating cycle improved from 2013 to 2014 but then slightly deteriorated from 2014 to 2015.
Average payables payment period An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period. Toyota Motor Corp. number of days of payables outstanding decreased from 2013 to 2014 but then increased from 2014 to 2015 not reaching 2013 level.
Cash conversion cycle A financial metric that measures the length of time required for a company to convert cash invested in its operations to cash received as a result of its operations; equal to average inventory processing period plus average receivables collection period minus average payables payment period.

Inventory Turnover

Toyota Motor Corp., inventory turnover calculation, comparison to benchmarks

Microsoft Excel
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 ￥)
Cost of products sold
Inventories
Short-term Activity Ratio
Inventory turnover1
Benchmarks
Inventory 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
Inventory turnover = Cost of products sold ÷ Inventories
= ÷ =

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Inventory turnover An activity ratio calculated as cost of goods sold divided by inventory. Toyota Motor Corp. inventory turnover ratio improved from 2013 to 2014 but then deteriorated significantly from 2014 to 2015.

Receivables Turnover

Toyota Motor Corp., receivables turnover calculation, comparison to benchmarks

Microsoft Excel
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 ￥)
Sales of products
Trade accounts and notes receivable, less allowance for doubtful accounts
Short-term Activity Ratio
Receivables turnover1
Benchmarks
Receivables 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
Receivables turnover = Sales of products ÷ Trade accounts and notes receivable, less allowance for doubtful accounts
= ÷ =

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Receivables turnover An activity ratio equal to revenue divided by receivables. Toyota Motor Corp. receivables turnover ratio improved from 2013 to 2014 and from 2014 to 2015.

Payables Turnover

Toyota Motor Corp., payables turnover calculation, comparison to benchmarks

Microsoft Excel
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 ￥)
Cost of products sold
Accounts payable
Short-term Activity Ratio
Payables turnover1
Benchmarks
Payables 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
Payables turnover = Cost of products sold ÷ Accounts payable
= ÷ =

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Payables turnover An activity ratio calculated as cost of goods sold divided by payables. Toyota Motor Corp. payables turnover ratio increased from 2013 to 2014 but then slightly decreased from 2014 to 2015 not reaching 2013 level.

Working Capital Turnover

Toyota Motor Corp., working capital turnover calculation, comparison to benchmarks

Microsoft Excel
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 ￥)
Current assets
Less: Current liabilities
Working capital
 
Sales of products
Short-term Activity Ratio
Working capital turnover1
Benchmarks
Working Capital 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
Working capital turnover = Sales of products ÷ Working capital
= ÷ =

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Working capital turnover An activity ratio calculated as revenue divided by working capital. Toyota Motor Corp. working capital turnover ratio deteriorated from 2013 to 2014 and from 2014 to 2015.

Average Inventory Processing Period

Toyota Motor Corp., average inventory processing period calculation, comparison to benchmarks

Microsoft Excel
Mar 31, 2015 Mar 31, 2014 Mar 31, 2013 Mar 31, 2012 Mar 31, 2011 Mar 31, 2010
Selected Financial Data
Inventory turnover
Short-term Activity Ratio (no. days)
Average inventory processing period1
Benchmarks (no. days)
Average Inventory Processing Period, 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
Average inventory processing period = 365 ÷ Inventory turnover
= 365 ÷ =

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Average inventory processing period An activity ratio equal to the number of days in the period divided by inventory turnover over the period.

Average Receivable Collection Period

Toyota Motor Corp., average receivable collection period calculation, comparison to benchmarks

Microsoft Excel
Mar 31, 2015 Mar 31, 2014 Mar 31, 2013 Mar 31, 2012 Mar 31, 2011 Mar 31, 2010
Selected Financial Data
Receivables turnover
Short-term Activity Ratio (no. days)
Average receivable collection period1
Benchmarks (no. days)
Average Receivable Collection Period, 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
Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ =

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Average receivable collection period An activity ratio equal to the number of days in the period divided by receivables turnover. Toyota Motor Corp. number of days of receivables outstanding improved from 2013 to 2014 and from 2014 to 2015.

Operating Cycle

Toyota Motor Corp., operating cycle calculation, comparison to benchmarks

No. days

Microsoft Excel
Mar 31, 2015 Mar 31, 2014 Mar 31, 2013 Mar 31, 2012 Mar 31, 2011 Mar 31, 2010
Selected Financial Data
Average inventory processing period
Average receivable collection period
Short-term Activity Ratio
Operating cycle1
Benchmarks
Operating Cycle, 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
Operating cycle = Average inventory processing period + Average receivable collection period
= + =

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Operating cycle Equal to average inventory processing period plus average receivables collection period. Toyota Motor Corp. operating cycle improved from 2013 to 2014 but then slightly deteriorated from 2014 to 2015.

Average Payables Payment Period

Toyota Motor Corp., average payables payment period calculation, comparison to benchmarks

Microsoft Excel
Mar 31, 2015 Mar 31, 2014 Mar 31, 2013 Mar 31, 2012 Mar 31, 2011 Mar 31, 2010
Selected Financial Data
Payables turnover
Short-term Activity Ratio (no. days)
Average payables payment period1
Benchmarks (no. days)
Average Payables Payment Period, 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
Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ =

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Average payables payment period An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period. Toyota Motor Corp. number of days of payables outstanding decreased from 2013 to 2014 but then increased from 2014 to 2015 not reaching 2013 level.

Cash Conversion Cycle

Toyota Motor Corp., cash conversion cycle calculation, comparison to benchmarks

No. days

Microsoft Excel
Mar 31, 2015 Mar 31, 2014 Mar 31, 2013 Mar 31, 2012 Mar 31, 2011 Mar 31, 2010
Selected Financial Data
Average inventory processing period
Average receivable collection period
Average payables payment period
Short-term Activity Ratio
Cash conversion cycle1
Benchmarks
Cash Conversion Cycle, 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
Cash conversion cycle = Average inventory processing period + Average receivable collection period – Average payables payment period
= + – =

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Cash conversion cycle A financial metric that measures the length of time required for a company to convert cash invested in its operations to cash received as a result of its operations; equal to average inventory processing period plus average receivables collection period minus average payables payment period.