TM TOYOTA MOTOR CORP/

Overview and Growth

In fiscal 2012, TOYOTA MOTOR CORP/ recorded $234.60B of revenue, net income of $10.23B, and an operating cash inflow of $26.06B. The $234.60B revenue base provides substantial context for the company’s earnings, cash generation, and capital requirements. Compared with $226.11B in fiscal 2011, revenue recorded a 3.8% year-over-year increase. The company reported diluted EPS of $3.23, adding a shareholder-level measure to the absolute income figures considered below. Diluted EPS increased by 193.6% from $1.10 in fiscal 2011, showing how the earnings change reached shareholders on a per-share basis. The company employed $377.28B of total assets, the balance-sheet base supporting its current operating and cash-flow results. Revenue equaled 0.62x of total assets, indicating how much reported top-line activity the company produced relative to its period-end asset base.

Profitability

Gross profit was $43.10B, representing the portion of revenue remaining after the reported cost of revenue and before operating expenses. Gross margin was 18.4%, so that share of each revenue unit remained after the cost of revenue reported for the period. The reported operating result was $14.04B, capturing profitability after direct costs and the operating expenses reflected in the statements. The operating result equaled 6.0% of revenue, placing the absolute operating-income figure in the context of the company’s sales base. The bottom-line result was net income of $10.23B, after the operating, financing, tax, and other items recognized for the period. Net margin was 4.4%, meaning that this portion of revenue remained as net income after all recognized expenses. The company recognized $5.87B of income tax for the period, completing the transition from pretax income to net income. Return on period-end equity was 7.5%, relating annual net income to the equity capital on the balance sheet. Net income represented 2.7% of period-end assets, placing the company’s bottom-line result against the total resource base employed.

Liquidity and Capital Structure

Total assets were $377.28B, supported by $241.47B of liabilities and $135.81B of shareholder equity. At period end, current assets of $146.57B compared with current liabilities of $137.29B, defining the company’s short-term resource position. At 1.07x, the current ratio shows that short-term assets were greater than short-term liabilities at period end. The company held $18.27B in cash and equivalents, a narrower liquidity measure than total current assets. The cash balance equaled 13.3% of current liabilities, showing how much near-term coverage came from cash alone. The liabilities-to-assets relationship was 64.0%, placing reported obligations against the full positive asset balance. The cash-to-assets relationship was 4.8%, comparing reported cash and equivalents with the full positive asset balance. The asset base changed 1.2% from $372.93B in fiscal 2011, leaving current total assets higher year over year. Reported equity changed 0.9% from $134.65B in fiscal 2011, placing the current capital base higher year over year.

Cash Flow and Earnings Quality

Cash flow from operations was $26.06B, a reported cash inflow that can be compared directly with net income and capital spending. Operating cash flow equaled 2.55x of net income, showing how strongly accounting earnings converted into cash from operations. The cash-flow statement records $9.09B of capital expenditures, the investment amount considered after operating cash generation. Relative to operating cash flow, capital expenditures measured 34.9%, connecting investment intensity with the company’s cash-generation base. Free cash flow came to $16.98B, leaving a positive amount after capital expenditures. Free cash flow represented 7.2% of revenue, linking post-investment cash generation with the company’s operating scale. Free cash flow equaled 4.5% of total assets, relating post-investment cash generation to the company’s resource base.

Based on the annual report for the fiscal year ending Mar 31, 2013. Analysis generated Oct 21, 2026.