Toyota Motor (Toyota Motor) Days Inventory

: 43.50 (As of Dec. 2023)

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Days Inventory is also known as Days Sales of Inventory (DSI). Toyota Motor's Average Total Inventories for the three months ended in Dec. 2023 was USD30,976 Mil. Toyota Motor's Cost of Goods Sold for the three months ended in Dec. 2023 was USD64,979 Mil. Hence, Toyota Motor's Days Inventory for the three months ended in Dec. 2023 was 43.50.

The historical rank and industry rank for Toyota Motor's Days Inventory or its related term are showing as below:

TM' s Days Inventory Range Over the Past 10 Years
Min: 31.68 Med: 38.24 Max: 48.19
Current: 45.86

During the past 13 years, Toyota Motor's highest Days Inventory was 48.19. The lowest was 31.68. And the median was 38.24.

TM's Days Inventory is ranked better than
79.57% of 1258 companies
in the Vehicles & Parts industry
Industry Median: 82.23 vs TM: 45.86

Toyota Motor's Days Inventory declined from Dec. 2022 (46.97) to Dec. 2023 (43.50).

Inventory Turnover measures how fast the company turns over its inventory within a year. Toyota Motor's Inventory Turnover for the three months ended in Dec. 2023 was 2.10.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Toyota Motor's Inventory-to-Revenue for the three months ended in Dec. 2023 was 0.37.

Toyota Motor Days Inventory Historical Data

The historical data trend for Toyota Motor's Days Inventory 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.

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Toyota Motor Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Inventory

39.71

38.61

44.41

50.08

50.67

Toyota Motor Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Inventory																46.97	46.34	49.33	48.50	43.50

Competitive Comparison

For the Auto Manufacturers subindustry, Toyota Motor's Days Inventory, along with its competitors' market caps and Days Inventory 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 Motor Days Inventory Distribution

For the Vehicles & Parts industry and Consumer Cyclical sector, Toyota Motor's Days Inventory distribution charts can be found below:

* The bar in red indicates where Toyota Motor's Days Inventory falls into.

Toyota Motor Days Inventory Calculation

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Toyota Motor's Days Inventory for the fiscal year that ended in Mar. 2023 is calculated as

	Days Inventory (A: Mar. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (A: Mar. 2022 )	+	Total Inventories (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (32226.681	+	31838.075)	/	2 )	/	230736.869	*	365
=	32032.378					/	230736.869	*	365
=	50.67

Toyota Motor's Days Inventory for the quarter that ended in Dec. 2023 is calculated as:

	Days Inventory (Q: Dec. 2023 )
=	Average Total Inventories					/	Cost of Goods Sold	*	Days in Period
=	( (Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (32127.417	+	29824.269)	/	2 )	/	64979.272	*	365 / 4
=	30975.843					/	64979.272	*	365 / 4
=	43.50

Toyota Motor (NYSE:TM) Days Inventory Explanation

Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:

1. Inventory Turnover measures how fast the company turns over its inventory within a year.

Toyota Motor's Inventory Turnover for the three months ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold	/	Average Total Inventories
	=	64979.272	/	30975.843
	=	2.10

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Toyota Motor's Inventory to Revenue for the three months ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories	/	Revenue
	=	30975.843	/	83629.515
	=	0.37

Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.

Toyota Motor Days Inventory Related Terms

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

Toyota Motor (Toyota Motor) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Toyota Motor Corp (NYSE:TM) » Definitions » Days Inventory

Comparable Companies

Traded in Other Exchanges

TOYOF:USA TMN:Mexico 7203:Japan 7203:Japan TYT:UK TOM:Germany TOM:Germany TOMA:Germany TOM:Germany TMCO34:Brazil TOM:Austria TM:Argentina

Address

1 Toyota-cho, Aichi Prefecture, Toyota, JPN, 471-8571

Website

https://www.global.toyota

Founded in 1937, Toyota is one of the world's largest automakers with 10.56 million units sold at retail in fiscal 2023 across its light vehicle brands. Brands include Toyota, Lexus, Daihatsu, and truck maker Hino; market share in Japan is about 51% excluding mini-vehicles, while U.S. share is around 15%. The firm also owns 3.3% of Denso, a parts supplier, about 20% of Subaru, and holds investments in many other firms, including shares of Uber Technologies, Joby Aviation, Aurora Innovation, Isuzu Motors, and about 5% in each of Mazda and Suzuki. Fiscal 2023 sales excluding financial services were JPY 34.4 trillion. Toyota also has a financing arm and manufactures homes and boats.