Toyota Industries (Toyota Industries) Receivables Turnover : 0.65 (As of Dec. 2023)

View and export this data going back to 2009. Start your Free Trial

What is Toyota Industries Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Toyota Industries's Revenue for the three months ended in Dec. 2023 was $6,877 Mil. Toyota Industries's average Accounts Receivable for the three months ended in Dec. 2023 was $10,566 Mil. Hence, Toyota Industries's Receivables Turnover for the three months ended in Dec. 2023 was 0.65.

Toyota Industries Receivables Turnover Historical Data

The historical data trend for Toyota Industries's Receivables Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Toyota Industries Receivables Turnover Chart

Toyota Industries Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Receivables Turnover

Get a 7-Day Free Trial

2.58

2.31

2.49

2.54

2.39

Toyota Industries Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Receivables Turnover	Get a 7-Day Free Trial															0.68	0.60	0.60	0.65	0.62

Competitive Comparison of Toyota Industries's Receivables Turnover

For the Farm & Heavy Construction Machinery subindustry, Toyota Industries's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Toyota Industries's Receivables Turnover Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Toyota Industries's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Toyota Industries's Receivables Turnover falls into.

Toyota Industries Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

Toyota Industries's Receivables Turnover for the fiscal year that ended in Mar. 2024 is calculated as

	Receivables Turnover (A: Mar. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Mar. 2024 )	/ (	(Accounts Receivable (A: Mar. 2023 )	+	Accounts Receivable (A: Mar. 2024 ))	/	count )
=	25585.642	/ (	(10464.701	+	10939.883)	/	2 )
=	25585.642	/	10702.292
=	2.39

Toyota Industries's Receivables Turnover for the quarter that ended in Dec. 2023 is calculated as

	Receivables Turnover (Q: Dec. 2023 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2023 )	/ (	(Accounts Receivable (Q: Sep. 2023 )	+	Accounts Receivable (Q: Dec. 2023 ))	/	count )
=	6876.883	/ (	(10552.538	+	10578.734)	/	2 )
=	6876.883	/	10565.636
=	0.65

Toyota Industries (OTCPK:TYIDF) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

Toyota Industries Receivables Turnover Related Terms

Thank you for viewing the detailed overview of Toyota Industries's Receivables Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Toyota Industries (Toyota Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Toyota Industries Corp (OTCPK:TYIDF) » Definitions » Receivables Turnover

Comparable Companies

Traded in Other Exchanges

TYIDY:USA 6201:Japan 6201:Japan TAH:Germany

Address

2-1, Toyoda-cho, Kariya-shi, Aichi, JPN, 448-8671

Website

https://www.toyota-industries.com

Toyota Industries Corp is primarily engaged in manufacturing and sale of automobiles, industrial vehicles, and textile machinery, as well as logistics business. The company manufactures and sells automobiles, engines, foundry pieces and electronic equipment. It also provides forklift trucks, warehouse equipment, automatic warehouse, vehicles for high-place work. In addition, it also engaged in the land transportation service, collection, and delivery service. The business of the group is primarily functioned through Japan and its amplifying internationally. Toyota derives most of the income through the sale of products and recycled waste products.

Toyota Industries (Toyota Industries) Headlines

From GuruFocus

Toyota Industries Leads in High-Tech Automotive and Forklifts

By Holmes Osborne, CFA Holmes Osborne, CFA • 05-09-2017