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TOTO (TSE:5332) Cyclically Adjusted Revenue per Share : 円3,817.73 (As of Dec. 2023)


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What is TOTO Cyclically Adjusted Revenue per Share?

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

TOTO's adjusted revenue per share for the three months ended in Dec. 2023 was 円1,089.915. Add all the adjusted revenue per share for the past 10 years together and divide the count will get our Cyclically Adjusted Revenue per Share, which is 円3,817.73 for the trailing ten years ended in Dec. 2023.

During the past 12 months, TOTO's average Cyclically Adjusted Revenue Growth Rate was -100.00% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Cyclically Adjusted Revenue Growth Rate using Cyclically Adjusted Revenue per Share data.

During the past 13 years, the highest 3-Year average Cyclically Adjusted Revenue Growth Rate of TOTO was 4.20% per year. The lowest was 2.70% per year. And the median was 3.15% per year.

As of today (2024-05-14), TOTO's current stock price is 円4200.00. TOTO's Cyclically Adjusted Revenue per Share for the quarter that ended in Dec. 2023 was 円3,817.73. TOTO's Cyclically Adjusted PS Ratio of today is 1.10.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of TOTO was 2.26. The lowest was 0.96. And the median was 1.41.


TOTO Cyclically Adjusted Revenue per Share Historical Data

The historical data trend for TOTO's Cyclically Adjusted Revenue per Share 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.

TOTO Cyclically Adjusted Revenue per Share Chart

TOTO Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Cyclically Adjusted Revenue per Share
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3,254.86 3,315.72 3,457.11 3,680.24 -

TOTO Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Cyclically Adjusted Revenue per Share 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 3,680.24 3,727.42 3,783.50 3,817.73 -

Competitive Comparison of TOTO's Cyclically Adjusted Revenue per Share

For the Building Products & Equipment subindustry, TOTO's Cyclically Adjusted PS Ratio, along with its competitors' market caps and Cyclically Adjusted PS Ratio 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.


TOTO's Cyclically Adjusted PS Ratio Distribution in the Construction Industry

For the Construction industry and Industrials sector, TOTO's Cyclically Adjusted PS Ratio distribution charts can be found below:

* The bar in red indicates where TOTO's Cyclically Adjusted PS Ratio falls into.



TOTO Cyclically Adjusted Revenue per Share Calculation

E10 is a concept invented by Prof. Robert Shiller, who uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted Revenue per Share and the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years.

What is Cyclically Adjusted Revenue per Share? How do we calculate Cyclically Adjusted Revenue per Share?

Cyclically Adjusted Revenue per Share is the average of the inflation adjusted Revenue per Share of a company over the past 10 years. Let's use an example to explain.

If we want to calculate the Cyclically Adjusted Revenue per Share of Wal-Mart (WMT) for Dec. 31, 2010, we need to have the inflation data and the revenue per share from 2001 through 2010.

We adjusted the 2001 revenue per share data with the total inflation from 2001 through 2010 to the equivalent revenue in 2010. If the total inflation from 2001 to 2010 is 40%, and Wal-Mart's revenue is $1 a share in 2001, then the 2001's equivalent revenue in 2010 is $1.4 a share. If Wal-Mart's revenue is $1 again in 2002, and the total inflation from 2002 through 2010 is 35%, then the equivalent 2002 revenue in 2010 is $1.35. So on and so forth, you get the equivalent revenue per share of past 10 years. Then you add them together and divided the sum by the count to get Cyclically Adjusted Revenue per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.

For example, TOTO's adjusted Revenue per Share data for the three months ended in Dec. 2023 was:

Adj_RevenuePerShare= Revenue per Share /CPI of Dec. 2023 (Change)*Current CPI (Dec. 2023)
=1089.915/106.8000*106.8000
=1,089.915

Current CPI (Dec. 2023) = 106.8000.

TOTO Quarterly Data

Revenue per Share CPI Adj_RevenuePerShare
201403 956.378 95.700 1,067.306
201406 682.195 98.000 743.453
201409 765.478 98.500 829.980
201412 860.299 97.900 938.508
201503 921.174 97.900 1,004.917
201506 750.834 98.400 814.930
201509 862.209 98.500 934.862
201512 863.411 98.100 939.983
201603 884.617 97.900 965.037
201606 758.793 98.100 826.087
201609 840.098 98.000 915.535
201612 853.782 98.400 926.666
201703 892.628 98.100 971.791
201706 776.511 98.500 841.943
201709 882.741 98.800 954.218
201712 908.167 99.400 975.777
201803 924.760 99.200 995.609
201806 780.869 99.200 840.694
201809 876.295 99.900 936.820
201812 891.119 99.700 954.579
201903 907.056 99.700 971.651
201906 802.405 99.800 858.686
201909 944.472 100.100 1,007.688
201912 900.987 100.500 957.467
202003 868.395 100.300 924.672
202006 694.827 99.900 742.818
202009 817.082 99.900 873.517
202012 959.720 99.300 1,032.206
202103 934.069 99.900 998.584
202106 858.968 99.500 921.988
202109 965.057 100.100 1,029.651
202112 1,005.516 100.100 1,072.818
202203 973.158 101.100 1,028.024
202206 904.404 101.800 948.825
202209 1,026.575 103.100 1,063.416
202212 1,175.173 104.100 1,205.653
202303 1,025.538 104.400 1,049.114
202306 922.738 105.200 936.772
202309 1,078.998 106.200 1,085.094
202312 1,089.915 106.800 1,089.915

Add all the adjusted revenue per share together and divide 10 will get our Cyclically Adjusted Revenue per Share.


TOTO  (TSE:5332) Cyclically Adjusted Revenue per Share Explanation

If a company grows much fast than inflation, Cyclically Adjusted Revenue per Share may underestimate the company's revenue. Cyclically Adjusted PS Ratio can seem to be too high even the actual PS Ratio is low.

For the Cyclically Adjusted PS Ratio, the revenue per share of the past 10 years are inflation-adjusted and averaged. The result is used for P/S calculation. Since it looks at the average over the last 10 years, the Cyclically Adjusted PS Ratio is also called CAPS Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PS Ratio. The Cyclically Adjusted Revenue per Share is the average of the inflation adjusted revenue per share of a company over the past 10 years.

TOTO's Cyclically Adjusted PS Ratio of today is calculated as

Cyclically Adjusted PS Ratio=Share Price/Cyclically Adjusted Revenue per Share
=4200.00/3817.73
=1.10

* 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.

During the past 13 years, the highest Cyclically Adjusted PS Ratio of TOTO was 2.26. The lowest was 0.96. And the median was 1.41.


Be Aware

Cyclically Adjusted PS Ratio works better for cyclical companies. It gives you a better idea on the company's real revenue value.


TOTO Cyclically Adjusted Revenue per Share Related Terms

Thank you for viewing the detailed overview of TOTO's Cyclically Adjusted Revenue per Share provided by GuruFocus.com. Please click on the following links to see related term pages.


TOTO (TSE:5332) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Construction » TOTO Ltd (TSE:5332) » Definitions » Cyclically Adjusted Revenue per Share
Traded in Other Exchanges
Address
1-1, Nakashima 2-chome, Kokurakita-Ku, Kitakyushu, Fukuoka, JPN, 802-8601
TOTO Ltd manufactures and sells bathroom materials for maintenance, improvement, construction and home improvement projects. The company's product portfolio includes toilets, urinals, sinks, plumbing accessories, bathtubs, unit bathrooms, faucets, drain fittings, marble counters, and advanced ceramics. The firm organizes itself based on geography. The Domestic segment, which generates the majority of revenue, sells its products throughout Japan. The International segment sells products throughout the rest of the world.

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