TOYOTA MOTOR CORP (TOYOF) Financials
Newest figures come from the 20-F for FY2013, filed Jun 24, 2013. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the TOYOF SEC filings page.
TOYOTA MOTOR CORP (TOYOF) reported $234.6B in revenue for fiscal year 2013, up 3.8% from the prior fiscal year. This page shows its 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).
FY2013 shows an asset-heavy manufacturer whose profitability rebounded sharply while cash conversion remained uneven.
Margin expansion, not sales growth alone, drove the rebound: gross margin rose from15.0% in FY2012 to18.4% in FY2013, while operating margin more than tripled from1.9% to6.0% . Operating cash flow also recovered to$26.1B , but free cash flow reached only$17.0B , showing that reinvestment still absorbs a meaningful portion of operating earnings.
Capital intensity is material: FY2013 capital expenditures were
Liquidity is adequate but not wide: the current ratio was only 1.1x in FY2013, meaning short-term assets barely exceeded short-term obligations, while debt-to-equity stood at 0.6x. The combination points to a business financed with substantial liabilities, but not one whose reported debt is disproportionately large relative to equity.
Financial Health Signals
TOYOTA MOTOR CORP does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
TOYOTA MOTOR CORP 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 CORP 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 CORP earns $57.56 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 CORP generated $234.6B in revenue in fiscal year 2013. This represents an increase of 3.8% from the prior year.
TOYOTA MOTOR CORP'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 CORP reported $10.2B in net income in fiscal year 2013. This represents an increase of 196.5% from the prior year.
TOYOTA MOTOR CORP 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 CORP 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 CORP held $18.3B in cash against $78.0B in long-term debt as of fiscal year 2013.
TOYOTA MOTOR CORP paid $0.96 per share in dividends in fiscal year 2013. This represents an increase of 57.4% from the prior year.
Margins & Returns
TOYOTA MOTOR CORP'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 CORP'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 CORP'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 CORP'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 CORP invested $8.6B in research and development in fiscal year 2013. This represents a decrease of 9.5% from the prior year.
TOYOTA MOTOR CORP 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.
Not reported for fiscal year 2013.
TOYOF Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY1320-F | FY1220-F | FY1120-F | FY1020-F |
|---|---|---|---|---|
| Revenue | $234.6B+3.8% | $226.1B-1.0% | $228.4B+12.1% | $203.7B |
| Cost of Revenue | $191.5B-0.4% | $192.2B0.0% | $192.3B+12.0% | $171.7B |
| Gross Profit | $43.1B+27.1% | $33.9B-6.2% | $36.2B+13.0% | $32.0B |
| R&D Expenses | $8.6B-9.5% | $9.5B+8.0% | $8.8B | N/A |
| SG&A Expenses | $22.4B-0.1% | $22.4B-2.6% | $23.0B+0.8% | $22.8B |
| Operating Income | $14.0B+224.6% | $4.3B-23.2% | $5.6B+255.1% | $1.6B |
| EBITDA | $25.8B+48.9% | $17.3B-12.4% | $19.8B+17.7% | $16.8B |
| Interest Expense | $244.0M-12.5% | $279.0M-21.0% | $353.0M-1.7% | $359.0M |
| Income Tax | $5.9B+83.8% | $3.2B-15.2% | $3.8B+277.7% | $996.0M |
| Net Income | $10.2B+196.5% | $3.5B-29.7% | $4.9B+118.1% | $2.3B |
| EPS (Basic) | $3.23+193.6% | $1.10-29.9% | $1.57+118.1% | $0.72 |
| EPS (Diluted) | $3.23+193.6% | $1.10-29.9% | $1.57+118.1% | $0.72 |
| Diluted Shares (Avg) | 3.17B+0.8% | 3.14B+0.2% | 3.14B0.0% | 3.14B |
TOYOF Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY1320-F | FY1220-F | FY1120-F | FY1020-F |
|---|---|---|---|---|
| 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 |
| Short-Term Investments | $15.4B+7.0% | $14.4B-2.5% | $14.7B-23.5% | $19.3B |
| 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 |
| Long-Term Investments | $0n/m | $0n/m | $0n/m | $0 |
| 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 |
| Non-Current Liabilities | $104.2B+9.7% | $94.9B-2.6% | $97.5B+3.9% | $93.9B |
| 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 |
Not reported in any period shown, so not listed: Goodwill.
TOYOF Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY1320-F | FY1220-F | FY1120-F | FY1020-F |
|---|---|---|---|---|
| Operating Cash Flow | $26.1B+47.5% | $17.7B-27.4% | $24.3B-11.5% | $27.5B |
| Depreciation & Amortization | $11.8B-9.6% | $13.0B-8.1% | $14.1B-7.0% | $15.2B |
| Stock-Based Compensation | $3.0M-84.2% | $19.0M-36.7% | $30.0M | N/A |
| Capital Expenditures | $9.1B+3.2% | $8.8B+16.3% | $7.6B+16.5% | $6.5B |
| Free Cash Flow | $17.0B+91.4% | $8.9B-47.1% | $16.8B-20.1% | $21.0B |
| Investing Cash Flow | -$32.2Bn/m | -$17.6Bn/m | -$25.5Bn/m | -$30.6B |
| Financing Cash Flow | $5.1Bn/m | -$4.3B-182.8% | $5.2Bn/m | -$3.0B |
| Dividends Paid | $2.0B+5.9% | $1.9B+12.4% | $1.7B-8.5% | $1.9B |
Not reported in any period shown, so not listed: Share Buybacks.
TOYOF Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | FY1320-F | FY1220-F | FY1120-F | FY1020-F |
|---|---|---|---|---|
| Gross Margin | 18.4%+3.4pp | 15.0%-0.8pp | 15.8%+0.1pp | 15.7% |
| Operating Margin | 6.0%+4.1pp | 1.9%-0.6pp | 2.5%+1.7pp | 0.8% |
| Net Margin | 4.4%+2.8pp | 1.5%-0.6pp | 2.1%+1.0pp | 1.1% |
| Return on Equity | 7.9%+5.2pp | 2.7%-1.3pp | 4.0%+1.9pp | 2.0% |
| Return on Assets | 2.7%+1.8pp | 0.9%-0.4pp | 1.4%+0.7pp | 0.7% |
| Current Ratio | 1.070.0x | 1.05-0.1x | 1.10-0.1x | 1.22 |
| Debt-to-Equity | 0.600.0x | 0.57-0.1x | 0.62-0.1x | 0.68 |
| Liabilities-to-Equity | 1.870.0x | 1.860.0x | 1.83-0.1x | 1.93 |
| Asset Turnover | 0.620.0x | 0.610.0x | 0.640.0x | 0.62 |
| FCF Margin | 7.2%+3.3pp | 3.9%-3.4pp | 7.3%-3.0pp | 10.3% |
Where TOYOTA MOTOR CORP Ranks
Frequently Asked Questions
What is TOYOTA MOTOR CORP's annual revenue?
TOYOTA MOTOR CORP (TOYOF) 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 CORP's revenue growing?
TOYOTA MOTOR CORP (TOYOF) revenue grew by 3.8% year-over-year, from $226.1B to $234.6B in fiscal year 2013.
Is TOYOTA MOTOR CORP profitable?
Yes, TOYOTA MOTOR CORP (TOYOF) reported a net income of $10.2B in fiscal year 2013, with a net profit margin of 4.4%.
What is TOYOTA MOTOR CORP's EBITDA?
TOYOTA MOTOR CORP (TOYOF) had EBITDA of $25.8B in fiscal year 2013, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does TOYOTA MOTOR CORP have?
As of fiscal year 2013, TOYOTA MOTOR CORP (TOYOF) had $18.3B in cash and equivalents against $78.0B in long-term debt.
What is TOYOTA MOTOR CORP's gross margin?
TOYOTA MOTOR CORP (TOYOF) 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 CORP's operating margin?
TOYOTA MOTOR CORP (TOYOF) 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 CORP's net profit margin?
TOYOTA MOTOR CORP (TOYOF) 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 CORP pay dividends?
Yes, TOYOTA MOTOR CORP (TOYOF) paid $0.96 per share in dividends during fiscal year 2013.
What is TOYOTA MOTOR CORP's return on equity (ROE)?
TOYOTA MOTOR CORP (TOYOF) 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 CORP's free cash flow?
TOYOTA MOTOR CORP (TOYOF) 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 CORP's operating cash flow?
TOYOTA MOTOR CORP (TOYOF) generated $26.1B in operating cash flow during fiscal year 2013, representing cash generated from core business activities.
What are TOYOTA MOTOR CORP's total assets?
TOYOTA MOTOR CORP (TOYOF) had $377.3B in total assets as of fiscal year 2013, including both current and long-term assets.
What are TOYOTA MOTOR CORP's capital expenditures?
TOYOTA MOTOR CORP (TOYOF) invested $9.1B in capital expenditures during fiscal year 2013, funding long-term assets and infrastructure.
How much does TOYOTA MOTOR CORP spend on research and development?
TOYOTA MOTOR CORP (TOYOF) invested $8.6B in research and development during fiscal year 2013.
What is TOYOTA MOTOR CORP's current ratio?
TOYOTA MOTOR CORP (TOYOF) had a current ratio of 1.07 as of fiscal year 2013, which is considered adequate.
What is TOYOTA MOTOR CORP's debt-to-equity ratio?
TOYOTA MOTOR CORP (TOYOF) had a debt-to-equity ratio of 0.60 as of fiscal year 2013. We compute it as long-term debt divided by total shareholder equity, where long-term debt is the noncurrent part of the company's borrowings, so debt due within the next twelve months is not counted.
What is TOYOTA MOTOR CORP's liabilities-to-equity ratio?
TOYOTA MOTOR CORP (TOYOF) had a liabilities-to-equity ratio of 1.87 as of fiscal year 2013, which is total liabilities divided by total shareholder equity. Total liabilities counts every obligation on the balance sheet (payables, deposits, insurance reserves and deferred taxes as well as borrowings), so this ratio usually runs well above debt-to-equity.
What is TOYOTA MOTOR CORP's return on assets (ROA)?
TOYOTA MOTOR CORP (TOYOF) 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 CORP's Piotroski F-Score?
TOYOTA MOTOR CORP (TOYOF) 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are TOYOTA MOTOR CORP's earnings high quality?
TOYOTA MOTOR CORP (TOYOF) 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 CORP cover its interest payments?
TOYOTA MOTOR CORP (TOYOF) has an interest coverage ratio of 57.56x, 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.