Toyota Motor Corp. (TM) | Short-term (Operating) Activity Analysis
Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.
Ratios (Summary)
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Toyota Motor Corp., short-term (operating) activity ratios
| Mar 31, 2012 | Mar 31, 2011 | Mar 31, 2010 | Mar 31, 2009 | Mar 31, 2008 | Mar 31, 2007 | ||
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| Turnover Ratios | |||||||
| Inventory turnover | |
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| Receivables turnover | |
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| Payables turnover | |
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| Working capital turnover | |
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| Average No. of Days | |||||||
| Average inventory processing period | |
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| Add: Average receivable collection period | |
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| Operating cycle | |
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| Less: Average payables payment period | |
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| Cash conversion cycle | |
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Source: Based on data from Toyota Motor Corp. Annual Reports
| Ratio | Description | The company |
|---|---|---|
| Inventory turnover | An activity ratio calculated as revenue divided by inventory. | Toyota Motor Corp.'s inventory turnover improved from 2010 to 2011 but then deteriorated significantly from 2011 to 2012. |
| Receivables turnover | An activity ratio equal to revenue divided by receivables. | Toyota Motor Corp.'s receivables turnover improved from 2010 to 2011 but then deteriorated significantly from 2011 to 2012. |
| Payables turnover | An activity ratio calculated as revenue divided by payables. | Toyota Motor Corp.'s payables turnover increased from 2010 to 2011 but then declined significantly from 2011 to 2012. |
| Working capital turnover | An activity ratio calculated as revenue divided by working capital. | Toyota Motor Corp.'s working capital turnover improved from 2010 to 2011 and from 2011 to 2012. |
| Average inventory processing period | An activity ratio equal to the number of days in the period divided by inventory turnover over the period. | Toyota Motor Corp.'s average inventory processing period improved from 2010 to 2011 but then deteriorated significantly from 2011 to 2012. |
| Average receivable collection period | An activity ratio equal to the number of days in the period divided by receivables turnoverd. | Toyota Motor Corp.'s average receivable collection period improved from 2010 to 2011 but then deteriorated significantly from 2011 to 2012. |
| Operating cycle | Equal to average inventory processing period plus average receivables collection period. | Toyota Motor Corp.'s operating cycle improved from 2010 to 2011 but then deteriorated significantly from 2011 to 2012. |
| 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.'s average payables payment period declined from 2010 to 2011 but then increased from 2011 to 2012 exceeding 2010 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. | Toyota Motor Corp.'s cash conversion cycle improved from 2010 to 2011 but then deteriorated significantly from 2011 to 2012. |
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Inventory Turnover
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| Mar 31, 2012 | Mar 31, 2011 | Mar 31, 2010 | Mar 31, 2009 | Mar 31, 2008 | Mar 31, 2007 | ||
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| Selected Financial Data (USD $ in millions, translated from JPY ￥) | |||||||
| Sales of products | |
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| Inventories | |
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| Inventory Turnover, Comparison to Industry | |||||||
| Toyota Motor Corp.1 | |
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| Industry, Consumer Goods | |
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Source: Based on data from Toyota Motor Corp. Annual Reports
2012 Calculations
1 Inventory turnover = Sales of products ÷ Inventories
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| Ratio | Description | The company |
|---|---|---|
| Inventory turnover | An activity ratio calculated as revenue divided by inventory. | Toyota Motor Corp.'s inventory turnover improved from 2010 to 2011 but then deteriorated significantly from 2011 to 2012. |
Receivables Turnover
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| Mar 31, 2012 | Mar 31, 2011 | Mar 31, 2010 | Mar 31, 2009 | Mar 31, 2008 | Mar 31, 2007 | ||
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| Selected Financial Data (USD $ in millions, translated from JPY ￥) | |||||||
| Sales of products | |
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| Trade accounts and notes receivable, less allowance for doubtful accounts | |
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| Receivables Turnover, Comparison to Industry | |||||||
| Toyota Motor Corp.1 | |
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| Industry, Consumer Goods | |
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Source: Based on data from Toyota Motor Corp. Annual Reports
2012 Calculations
1 Receivables turnover = Sales of products ÷ Trade accounts and notes receivable, less allowance for doubtful accounts
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| Ratio | Description | The company |
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| Receivables turnover | An activity ratio equal to revenue divided by receivables. | Toyota Motor Corp.'s receivables turnover improved from 2010 to 2011 but then deteriorated significantly from 2011 to 2012. |
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Payables Turnover
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| Mar 31, 2012 | Mar 31, 2011 | Mar 31, 2010 | Mar 31, 2009 | Mar 31, 2008 | Mar 31, 2007 | ||
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| Selected Financial Data (USD $ in millions, translated from JPY ￥) | |||||||
| Sales of products | |
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| Accounts payable | |
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| Payables Turnover, Comparison to Industry | |||||||
| Toyota Motor Corp.1 | |
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| Industry, Consumer Goods | |
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Source: Based on data from Toyota Motor Corp. Annual Reports
2012 Calculations
1 Payables turnover = Sales of products ÷ Accounts payable
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| Ratio | Description | The company |
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| Payables turnover | An activity ratio calculated as revenue divided by payables. | Toyota Motor Corp.'s payables turnover increased from 2010 to 2011 but then declined significantly from 2011 to 2012. |
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Working Capital Turnover
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| Mar 31, 2012 | Mar 31, 2011 | Mar 31, 2010 | Mar 31, 2009 | Mar 31, 2008 | Mar 31, 2007 | ||
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| Selected Financial Data (USD $ in millions, translated from JPY ￥) | |||||||
| Current assets | |
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| Less: Current liabilities | |
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| Working capital | |
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| Sales of products | |
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| Working Capital Turnover, Comparison to Industry | |||||||
| Toyota Motor Corp.1 | |
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| Industry, Consumer Goods | |
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Source: Based on data from Toyota Motor Corp. Annual Reports
2012 Calculations
1 Working capital turnover = Sales of products ÷ Working capital
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| Ratio | Description | The company |
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| Working capital turnover | An activity ratio calculated as revenue divided by working capital. | Toyota Motor Corp.'s working capital turnover improved from 2010 to 2011 and from 2011 to 2012. |
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Average Inventory Processing Period
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| Mar 31, 2012 | Mar 31, 2011 | Mar 31, 2010 | Mar 31, 2009 | Mar 31, 2008 | Mar 31, 2007 | ||
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| Selected Financial Data | |||||||
| Inventory turnover | |
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| Average Inventory Processing Period (no. of days), Comparison to Industry | |||||||
| Toyota Motor Corp.1 | |
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| Industry, Consumer Goods | |
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Source: Based on data from Toyota Motor Corp. Annual Reports
2012 Calculations
1 Average inventory processing period = 365 ÷ Inventory turnover
= 365 ÷ =
| 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. | Toyota Motor Corp.'s average inventory processing period improved from 2010 to 2011 but then deteriorated significantly from 2011 to 2012. |
Average Receivable Collection Period
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| Mar 31, 2012 | Mar 31, 2011 | Mar 31, 2010 | Mar 31, 2009 | Mar 31, 2008 | Mar 31, 2007 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data | |||||||
| Receivables turnover | |
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| Average Receivable Collection Period (no. of days), Comparison to Industry | |||||||
| Toyota Motor Corp.1 | |
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| Industry, Consumer Goods | |
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Source: Based on data from Toyota Motor Corp. Annual Reports
2012 Calculations
1 Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ =
| Ratio | Description | The company |
|---|---|---|
| Average receivable collection period | An activity ratio equal to the number of days in the period divided by receivables turnoverd. | Toyota Motor Corp.'s average receivable collection period improved from 2010 to 2011 but then deteriorated significantly from 2011 to 2012. |
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Operating Cycle
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No. of days
| Mar 31, 2012 | Mar 31, 2011 | Mar 31, 2010 | Mar 31, 2009 | Mar 31, 2008 | Mar 31, 2007 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data | |||||||
| Average inventory processing period | |
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| Average receivable collection period | |
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| Operating Cycle, Comparison to Industry | |||||||
| Toyota Motor Corp.1 | |
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| Industry, Consumer Goods | |
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Source: Based on data from Toyota Motor Corp. Annual Reports
2012 Calculations
1 Operating cycle = Average inventory processing period + Average receivable collection period
= + =
| Ratio | Description | The company |
|---|---|---|
| Operating cycle | Equal to average inventory processing period plus average receivables collection period. | Toyota Motor Corp.'s operating cycle improved from 2010 to 2011 but then deteriorated significantly from 2011 to 2012. |
Average Payables Payment Period
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| Mar 31, 2012 | Mar 31, 2011 | Mar 31, 2010 | Mar 31, 2009 | Mar 31, 2008 | Mar 31, 2007 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data | |||||||
| Payables turnover | |
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| Average Payables Payment Period (no. of days), Comparison to Industry | |||||||
| Toyota Motor Corp.1 | |
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| Industry, Consumer Goods | |
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Source: Based on data from Toyota Motor Corp. Annual Reports
2012 Calculations
1 Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ =
| 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.'s average payables payment period declined from 2010 to 2011 but then increased from 2011 to 2012 exceeding 2010 level. |
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Cash Conversion Cycle
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No. of days
| Mar 31, 2012 | Mar 31, 2011 | Mar 31, 2010 | Mar 31, 2009 | Mar 31, 2008 | Mar 31, 2007 | ||
|---|---|---|---|---|---|---|---|
| Selected Financial Data | |||||||
| Average inventory processing period | |
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| Average receivable collection period | |
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| Average payables payment period | |
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| Cash Conversion Cycle, Comparison to Industry | |||||||
| Toyota Motor Corp.1 | |
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| Industry, Consumer Goods | |
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Source: Based on data from Toyota Motor Corp. Annual Reports
2012 Calculations
1 Cash conversion cycle = Average inventory processing period + Average receivable collection period – Average payables payment period
= + – =
| 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. | Toyota Motor Corp.'s cash conversion cycle improved from 2010 to 2011 but then deteriorated significantly from 2011 to 2012. |