Toyota Annual Report 2013: Sales, Revenue, Profits & Quarterly Earnings

Toyota Annual ReportToyota Annual Report

Toyota Motor Corporationis a Japan-based company, headquartered in Toyota, Aichi, Japan. The Toyota Motor Co. was established by Kiichiro Toyoda in 1937. Before that, he started the company in 1933 as a division of Toyoda Automatic Loom Works, a spinoff from his father’s company Toyota Industries to produce automobiles. As per report, ‘Toyota’ was the largest automobile manufacturer by production in 2012 (over 200 million vehicles in a year). A recent report of March 2013 suggests that, it is the thirteenth-largest company in the world by revenue. Toyota is the # 1 listed company in Japan in terms of market capitalization that worth more than twice as much as #2-ranked Soft Bank and by revenue as well. The Company operates through three business segments: Automobile, Finance and Others. The ‘Other’ segment involves the design, manufacture and sale of housings, as well as the information and communication business. The detailed information on Toyota’s Annual Report 2013, Annual Sales, Annual Revenue, Annual Profits and Quarterly Earnings suggests that the company is performing extremely well in the current tough competitive market scenario.

Here is a synopsis of few recent key financial facts of the company:

Profitability Profit Margin (TTM) 5.97 %
  Operating Margin (TTM) 8.33 %
Management Effectiveness Return on Assets      3.61 %
Return on Equity (TTM) 12.19 %
Income Statement Revenue (TTM) $301.07 Billion
  Revenue Per Share (TTM) $190.08
  Quarterly Revenue Growth (YOY): 16.20 %
  Quarterly Earnings Growth (YOY) 70.0 %
  Gross Profit (TTM) $36.35 Billion
Balance Sheet Current Ratio (Most recent Quarter) 1.09
  Book Value Per Share (Most recent Quarter)                                                         $107.22

MRQ = Most Recent Quarter (as of Sep 30, 2013)
TTM = Trailing Twelve Months (as of Sep 30, 2013)
YOY =Year Over Year (as of Sep 30, 2013)

Toyota Annual Sales, Annual Revenue, Annual Profits

The company has been able to grow revenues from $170,916.3 million to $204,122.1 million within a year. This is a rise by 19.42% which is associated by a rise in the Cost of Goods Sold expenses by 14.02% over the previous end. The percentage of total Selling, General & Administrative Expenses on Sale Revenue between the last (March 2013) and its previous fiscal year (March 2012) were 9.62% and 10.50% respectively—this is another good sign: proportionate reduction of expenses on additional sales. The EBT and Net Income of the last year end (March 2013) were higher by $9804.8 million and $6623.2 million and these increases are associated with additional Income Tax expenses of $2824.7 million only.

Currency in Millions of US Dollars Mar 31, 2013 Mar 31, 2012 Mar 31, 2011 Mar 31, 2010
Revenues 204,122.1 170,916.3 173,928.3 172,993.4
Total Revenues 215,346.5 181,376.5 185,378.4 184,961.5
Cost Of Goods Sold 175,783.2 154,168.2 156,021.2 155,881.8
Gross Profit 33,410.4 21,424.1 23,212.8 22,127.6
Total Selling General & Admin Expenses 19,640.1 17,953.1 18,642.4 20,687.9
Total Other Operating Expenses 19,640.1 17,953.1 18,642.4 20,687.9
Operating Income 13,770.3 3,470.9 4,570.4 1,439.8
Interest Expense -224.2 -223.7 -286.1 -326.1
Interest And Investment Income 963.0 974.7 885.9 763.5
Total Other Non-Operating Expenses 2,349.0 2,457.9 2,503.3 1,435.0
Other Non-Operating Income (Expenses) 35.2 166.2 265.2 325.7
Gain (Loss) On Sale Of Investments -20.5 -525.4 -77.3 -24.3
Total Other Unusual Items -878.4
EBT, Including Unusual Items 15,959.2 6,154.4 7,596.3 3,287.9
Income Tax Expense 5,384.5 2,559.8 3,053.1 904.4
Minority Interest In Earnings -1,184.1 -827.1 -559.3 -339.2
Earnings From Continuing Operations 10,574.8 3,594.6 4,543.1 2,383.5
Net Income 9,390.7 2,767.5 3,983.9 2,044.3
Net Income To Common Including Extra Items 9,390.7 2,767.5 3,983.9 2,044.3
Net Income To Common Excluding Extra Items 9,390.7 2,767.5 3,983.9 2,044.3

 

The gross margin earned by the company has been increased in last twelve months period by 17.6%. The operating income and operating margin of the company has also been increased considerably. The company, in spite of having higher earnings per share, probably considered retained earnings is more preferable than declaring dividends and thus, kept the dividend payout ratio lowest. The overall performance of the company has been improved undoubtedly.

Financials (Revenues in Japanese Yen: JPY) TTM March 2013 March 2012 March 2011 March 2010
Revenue JPY Mil 23,693,323 22,064,192 18,583,653 18,993,688 18,950,973
Gross Margin % 17.6 15.5 11.8 12.5 12.0
Operating Income JPY Mil 1,882,613 1,320,888 355,627 468,279 147,516
Operating Margin % 7.9 6.0 1.9 2.5 0.8
Net Income JPY Mil 1,414,517 962,163 283,559 408,183 209,456
Earnings Per Share JPY 893.00 607.56 180.40 260.32 133.58
Dividends JPY 118.89 171.57 94.29 39.71 92.84
Payout Ratio % 13.3 28.2 52.3 15.3 69.5
Shares Mil 1,584 1,584 1,572 1,568 1,568
Book Value Per Share USD 82.52 81.31 80.96 79.21 71.16
           
Profitability          
Tax Rate % 34.72 39.30
Net Margin % 5.97 4.36 1.53 2.15 1.11
Asset Turnover (Average) 0.69 0.67 0.61 0.63 0.64
Return on Assets % 4.14 2.91 0.94 1.36 0.71
Financial Leverage (Average) 2.86 2.92 2.91 2.89 2.93
Return on Equity % 11.73 8.48 2.72 3.95 2.05
Return on Invested Capital % 5.49 3.88 1.18 1.70 0.82
Interest Coverage 99.07 62.12 19.88 20.21 9.72

 

Toyota Quarterly Earnings

The company has achieved to generate maximum revenue in the last quarter end (Q4). The percentages of Revenue earned on Selling & Administrative expenses in last four quarters were– Q1:10.18%; Q2: 8.20%; Q3: 9.61% & Q4:9.92%.

Currency in Millions of US Dollars Sep 30, 2013(Q4) Jun 30, 2013(Q3) Mar 31, 2013(Q2) Dec 31, 2012 (Q1)
Revenues 58,027.8 57,843.0 53,811.2 57,107.9
Total Revenues 61,313.9 61,051.9 56,970.0 51,911.0
Cost Of Goods Sold 49,779.2 49,017.2 44,796.2 47,464.0
Gross Profit 11,534.7 12,034.7 10,194.1 7,034.0
Total Selling General & Admin Expenses 5,755.9 5,560.1 4,412.5 5,816.4
Total Other Operating Expenses 5,755.9 5,560.1 4,412.5 5,816.4
Operating Income 5,778.8 6,474.6 5,781.6 1,217.6
Interest Expense -50.3 -44.7 -38.9 -60.4
Interest And Investment Income 194.9 372.5 139.1 2,818.7
Total Other Non-Operating Expenses 793.6 1,143.3 163.9 399.5
Other Non-Operating Income (Expenses) 50.8 173.0 -242.7 -35.1
Gain (Loss) On Sale Of Investments -20.5
Total Other Unusual Items -878.4
EBT, Including Unusual Items 6,717.0 7,945.6 5,146.8 1,848.9
Income Tax Expense 2,216.0 2,050.9 1,693.2 657.4
Minority Interest In Earnings -221.9 -407.7 -389.1 -216.4
Earnings From Continuing Operations 4,501.0 5,894.8 3,453.6 1,191.5
Net Income 4,279.1 5,487.0 3,064.4 975.2
Net Income To Common Including Extra Items 4,279.1 5,487.0 3,064.4 975.2
Net Income To Common Excluding Extra Items 4,279.1 5,487.0 3,064.4 975.2

 

About the Author

Sandra
I am working as Editor in Chief for Financeninvestments.com. Writing on Financial Topics is my passion. You can find me on , Seeking Alpha Instablogs or join our Facebook Community, s. FNI is a great Community for financial bloggers and writers. Get everything you wanted to know about your finance and investment related matters such as mutual funds, banking, retirement, economics and much more.

Be the first to comment on "Toyota Annual Report 2013: Sales, Revenue, Profits & Quarterly Earnings"

Leave a comment

Your email address will not be published.


*