Toyota Motor Financials
This page shows Toyota Motor (TM) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 4 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2013 annual data. Scores normalized against common benchmarks. How we calculate these scores
Toyota Motor has an operating margin of 6.0%, meaning the company retains $6 of operating profit per $100 of revenue. This results in a moderate score of 36/100, indicating healthy but not exceptional operating efficiency. This is up from 1.9% the prior year.
Toyota Motor's revenue grew a modest 3.8% year-over-year to $234.6B. This slow but positive growth earns a score of 40/100.
Toyota Motor carries a low D/E ratio of 0.60, meaning only $0.60 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 90/100, indicating a strong balance sheet with room for future borrowing.
Toyota Motor's current ratio of 1.07 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 16/100, which could limit financial flexibility.
Toyota Motor has a free cash flow margin of 7.2%, earning a moderate score of 43/100. The company generates positive cash flow after capital investments, but with room for improvement.
Toyota Motor generates a 7.9% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 29/100. This is up from 2.7% the prior year.
Toyota Motor scores 1.95, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.
Toyota Motor passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Toyota Motor generates $2.55 in operating cash flow ($26.1B OCF vs $10.2B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Toyota Motor earns $57.6 in operating income for every $1 of interest expense ($14.0B vs $244.0M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
Toyota Motor generated $234.6B in revenue in fiscal year 2013. This represents an increase of 3.8% from the prior year.
Toyota Motor's EBITDA was $25.8B in fiscal year 2013, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 48.9% from the prior year.
Toyota Motor reported $10.2B in net income in fiscal year 2013. This represents an increase of 196.5% from the prior year.
Toyota Motor earned $3.23 per diluted share (EPS) in fiscal year 2013. This represents an increase of 193.6% from the prior year.
Cash & Balance Sheet
Toyota Motor generated $17.0B in free cash flow in fiscal year 2013, representing cash available after capex. This represents an increase of 91.4% from the prior year.
Toyota Motor held $18.3B in cash against $78.0B in long-term debt as of fiscal year 2013.
Toyota Motor paid $0.96 per share in dividends in fiscal year 2013. This represents an increase of 57.4% from the prior year.
Toyota Motor had 3.17B shares outstanding in fiscal year 2013. This represents an increase of 0.0% from the prior year.
Margins & Returns
Toyota Motor's gross margin was 18.4% in fiscal year 2013, indicating the percentage of revenue retained after direct costs. This is up 3.4 percentage points from the prior year.
Toyota Motor's operating margin was 6.0% in fiscal year 2013, reflecting core business profitability. This is up 4.1 percentage points from the prior year.
Toyota Motor's net profit margin was 4.4% in fiscal year 2013, showing the share of revenue converted to profit. This is up 2.8 percentage points from the prior year.
Toyota Motor's ROE was 7.9% in fiscal year 2013, measuring profit generated per dollar of shareholder equity. This is up 5.2 percentage points from the prior year.
Capital Allocation
Toyota Motor invested $8.6B in research and development in fiscal year 2013. This represents a decrease of 9.5% from the prior year.
Toyota Motor invested $9.1B in capex in fiscal year 2013, funding long-term assets and infrastructure. This represents an increase of 3.2% from the prior year.
TM Income Statement
| Metric | Q4'13 | Q4'12 | Q4'11 | Q4'10 |
|---|---|---|---|---|
| Revenue | N/A | N/A | N/A | N/A |
| Cost of Revenue | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A |
| Operating Income | N/A | N/A | N/A | N/A |
| Interest Expense | N/A | N/A | N/A | N/A |
| Income Tax | N/A | N/A | N/A | N/A |
| Net Income | N/A | N/A | N/A | N/A |
| EPS (Diluted) | N/A | N/A | N/A | N/A |
TM Balance Sheet
| Metric | Q4'13 | Q4'12 | Q4'11 | Q4'10 |
|---|---|---|---|---|
| Total Assets | $377.3B+1.2% | $372.9B+4.0% | $358.6B+9.9% | $326.2B |
| Current Assets | $146.6B-2.2% | $149.9B+5.4% | $142.3B+1.2% | $140.5B |
| Cash & Equivalents | $18.3B+2.3% | $17.9B-29.5% | $25.3B+12.8% | $22.4B |
| Inventory | $18.2B-7.6% | $19.7B+25.8% | $15.7B+2.6% | $15.3B |
| Accounts Receivable | N/A | N/A | N/A | $20.3B |
| Goodwill | N/A | N/A | N/A | N/A |
| Total Liabilities | $241.5B+1.3% | $238.3B+4.8% | $227.3B+5.8% | $214.8B |
| Current Liabilities | $137.3B-4.2% | $143.3B+10.5% | $129.8B+13.0% | $114.9B |
| Long-Term Debt | $78.0B+6.1% | $73.5B-5.2% | $77.6B+2.9% | $75.4B |
| Total Equity | $129.2B+0.6% | $128.4B+3.3% | $124.3B+11.6% | $111.3B |
| Retained Earnings | $134.9B-6.9% | $145.0B+1.9% | $142.3B+14.5% | $124.3B |
TM Cash Flow Statement
| Metric | Q4'13 | Q4'12 | Q4'11 | Q4'10 |
|---|---|---|---|---|
| Operating Cash Flow | N/A | N/A | N/A | N/A |
| Capital Expenditures | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A |
| Investing Cash Flow | N/A | N/A | N/A | N/A |
| Financing Cash Flow | N/A | N/A | N/A | N/A |
| Dividends Paid | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A |
TM Financial Ratios
| Metric | Q4'13 | Q4'12 | Q4'11 | Q4'10 |
|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A |
| Net Margin | N/A | N/A | N/A | N/A |
| Return on Equity | N/A | N/A | N/A | N/A |
| Return on Assets | N/A | N/A | N/A | N/A |
| Current Ratio | 1.07+0.0 | 1.05-0.1 | 1.10-0.1 | 1.22 |
| Debt-to-Equity | 0.60+0.0 | 0.57-0.1 | 0.62-0.1 | 0.68 |
| FCF Margin | N/A | N/A | N/A | N/A |
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Frequently Asked Questions
What is Toyota Motor's annual revenue?
Toyota Motor (TM) reported $234.6B in total revenue for fiscal year 2013. This represents a 3.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Toyota Motor's revenue growing?
Toyota Motor (TM) revenue grew by 3.8% year-over-year, from $226.1B to $234.6B in fiscal year 2013.
Is Toyota Motor profitable?
Yes, Toyota Motor (TM) reported a net income of $10.2B in fiscal year 2013, with a net profit margin of 4.4%.
What is Toyota Motor's EBITDA?
Toyota Motor (TM) had EBITDA of $25.8B in fiscal year 2013, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Toyota Motor have?
As of fiscal year 2013, Toyota Motor (TM) had $18.3B in cash and equivalents against $78.0B in long-term debt.
What is Toyota Motor's gross margin?
Toyota Motor (TM) had a gross margin of 18.4% in fiscal year 2013, indicating the percentage of revenue retained after direct costs of goods sold.
What is Toyota Motor's operating margin?
Toyota Motor (TM) had an operating margin of 6.0% in fiscal year 2013, reflecting the profitability of core business operations before interest and taxes.
What is Toyota Motor's net profit margin?
Toyota Motor (TM) had a net profit margin of 4.4% in fiscal year 2013, representing the share of revenue converted into profit after all expenses.
Does Toyota Motor pay dividends?
Yes, Toyota Motor (TM) paid $0.96 per share in dividends during fiscal year 2013.
What is Toyota Motor's return on equity (ROE)?
Toyota Motor (TM) has a return on equity of 7.9% for fiscal year 2013, measuring how efficiently the company generates profit from shareholder equity.
What is Toyota Motor's free cash flow?
Toyota Motor (TM) generated $17.0B in free cash flow during fiscal year 2013. This represents a 91.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Toyota Motor's operating cash flow?
Toyota Motor (TM) generated $26.1B in operating cash flow during fiscal year 2013, representing cash generated from core business activities.
What are Toyota Motor's total assets?
Toyota Motor (TM) had $377.3B in total assets as of fiscal year 2013, including both current and long-term assets.
What are Toyota Motor's capital expenditures?
Toyota Motor (TM) invested $9.1B in capital expenditures during fiscal year 2013, funding long-term assets and infrastructure.
How much does Toyota Motor spend on research and development?
Toyota Motor (TM) invested $8.6B in research and development during fiscal year 2013.
What is Toyota Motor's current ratio?
Toyota Motor (TM) had a current ratio of 1.07 as of fiscal year 2013, which is considered adequate.
What is Toyota Motor's debt-to-equity ratio?
Toyota Motor (TM) had a debt-to-equity ratio of 0.60 as of fiscal year 2013, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Toyota Motor's return on assets (ROA)?
Toyota Motor (TM) had a return on assets of 2.7% for fiscal year 2013, measuring how efficiently the company uses its assets to generate profit.
What is Toyota Motor's Altman Z-Score?
Toyota Motor (TM) has an Altman Z-Score of 1.95, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Toyota Motor's Piotroski F-Score?
Toyota Motor (TM) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Toyota Motor's earnings high quality?
Toyota Motor (TM) has an earnings quality ratio of 2.55x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Toyota Motor cover its interest payments?
Toyota Motor (TM) has an interest coverage ratio of 57.6x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Toyota Motor?
Toyota Motor (TM) scores 42 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.