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Toyota Industries (FRA:TAH) Cash Conversion Cycle : 126.52 (As of Jun. 2024)


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What is Toyota Industries Cash Conversion Cycle?

Cash Conversion Cycle is one of several measures of management effectiveness. It equals Days Sales Outstanding + Days Inventory - Days Payable.

Toyota Industries's Days Sales Outstanding for the three months ended in Jun. 2024 was 153.43.
Toyota Industries's Days Inventory for the three months ended in Jun. 2024 was 76.73.
Toyota Industries's Days Payable for the three months ended in Jun. 2024 was 103.64.
Therefore, Toyota Industries's Cash Conversion Cycle (CCC) for the three months ended in Jun. 2024 was 126.52.


Toyota Industries Cash Conversion Cycle Historical Data

The historical data trend for Toyota Industries's Cash Conversion Cycle 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 Cash Conversion Cycle Chart

Toyota Industries Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cash Conversion Cycle
Get a 7-Day Free Trial Premium Member Only Premium Member Only 84.14 96.02 85.86 98.44 117.71

Toyota Industries Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Cash Conversion Cycle Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 117.66 113.06 117.16 126.52 128.18

Competitive Comparison of Toyota Industries's Cash Conversion Cycle

For the Farm & Heavy Construction Machinery subindustry, Toyota Industries's Cash Conversion Cycle, along with its competitors' market caps and Cash Conversion Cycle 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 Cash Conversion Cycle Distribution in the Farm & Heavy Construction Machinery Industry

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

* The bar in red indicates where Toyota Industries's Cash Conversion Cycle falls into.



Toyota Industries Cash Conversion Cycle Calculation

Cash Conversion Cycle (CCC) measures how fast a company can convert cash on hand into even more cash on hand. This metric looks at the amount of time needed to sell inventory, the amount of time needed to collect receivables and the length of time the company is afforded to pay its bills without incurring penalties.

Cash Conversion Cycle is one of several measures of management effectiveness.

Toyota Industries's Cash Conversion Cycle for the fiscal year that ended in Mar. 2024 is calculated as

Cash Conversion Cycle=Days Sales Outstanding +Days Inventory-Days Payable
=153.81+75.67-111.77
=117.71

Toyota Industries's Cash Conversion Cycle for the quarter that ended in Jun. 2024 is calculated as:

Cash Conversion Cycle=Days Sales Outstanding+Days Inventory-Days Payable
=153.43+76.73-103.64
=126.52

* 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.


Toyota Industries  (FRA:TAH) Cash Conversion Cycle Explanation

Generally, the lower this number is, the better for the company. Although it should be combined with other metrics (such as ROE % and ROA %), it can be especially useful for comparing close competitors, because the company with the lowest CCC is often the one with better management.


Be Aware

CCC is most effective with retail-type companies, which have inventories that are sold to customers. Consulting businesses, software companies and insurance companies are all examples of companies for whom this metric is meaningless.

The CCC is one of several tools that can help you evaluate management, especially if it is calculated for several consecutive time periods and for several competitors. Decreasing or steady CCCs are good, while rising ones should motivate you to dig a bit deeper.


Toyota Industries Cash Conversion Cycle Related Terms

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Toyota Industries Business Description

Traded in Other Exchanges
Address
2-1, Toyoda-cho, Kariya-shi, Aichi, JPN, 448-8671
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 Headlines