Toyota Motor (Toyota Motor) Days Payable : 48.77 (As of Dec. 2023)

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What is Toyota Motor Days Payable?

Toyota Motor's average Accounts Payable for the three months ended in Dec. 2023 was $34,729 Mil. Toyota Motor's Cost of Goods Sold for the three months ended in Dec. 2023 was $64,979 Mil. Hence, Toyota Motor's Days Payable for the three months ended in Dec. 2023 was 48.77.

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

TM' s Days Payable Range Over the Past 10 Years
Min: 37.48 Med: 39.06 Max: 54.9
Current: 50.58

During the past 13 years, Toyota Motor's highest Days Payable was 54.90. The lowest was 37.48. And the median was 39.06.

TM's Days Payable is ranked worse than
64.55% of 1261 companies
in the Vehicles & Parts industry
Industry Median: 65.94 vs TM: 50.58

Toyota Motor's Days Payable declined from Dec. 2022 (50.09) to Dec. 2023 (48.77). It may suggest that Toyota Motor accelerated paying its suppliers.

Toyota Motor Days Payable Historical Data

The historical data trend for Toyota Motor's Days Payable 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 Days Payable Chart

Toyota Motor Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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39.66

36.86

43.47

53.97

58.14

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 Payable	Get a 7-Day Free Trial															50.09	51.52	54.82	52.21	48.77

Competitive Comparison of Toyota Motor's Days Payable

For the Auto Manufacturers subindustry, Toyota Motor's Days Payable, along with its competitors' market caps and Days Payable 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's Days Payable Distribution in the Vehicles & Parts Industry

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

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

Toyota Motor Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

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

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (36196.543	+	37304.718)	/	2 )	/	230736.869	*	365
=	36750.6305					/	230736.869	*	365
=	58.14

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

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (35360.601	+	34097.339)	/	2 )	/	64979.272	*	365 / 4
=	34728.97					/	64979.272	*	365 / 4
=	48.77

Toyota Motor Days Payable Related Terms

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Toyota Motor (Toyota Motor) Business Description

Industry

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

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.