Financial management course

1. Final Presentation
TOYOTA MORTOR CORPORATION

2. Class 2 Group 8
• Huỳnh Phúc Nguyên 332933
• Ngô Chí Trung 332940
• Nhữ Đình Hoàng Nam

3. Financial Statement of Toyota

4. Balance sheet
Years 2008 2009 2010 2013 2014 Changes
2008 - 2014
Total Assets 32,458,320 29,062,037 30,349,287 35,483,317 41,437,473 21.67% 
Amount: millions yen
0
10000000
20000000
30000000
40000000
50000000
20082009201020132014
Total Assets

5. Income Statement
Years 2008 2009 2010 2013 2014 Changes
2008 - 2014
Net income
(loss)
1,717,879 -436,937 209,456 962,163 1,823,119
-1000000
-500000
0
500000
1000000
1500000
2000000
2008 2009 2010 2013 2014
Net income

6. Statement of Cash Flows
0
500000
1000000
1500000
2000000
2500000
3000000
3500000
4000000
2008 2009 2010 2013 2014
Net cash provided
by operating
activities
Years 2008 2009 2010 2013 2014 Changes
2008 - 2014
Net cash provided
by operating
activities 2,981,624 1,476,905 2,558,530 2,451,316 3,646,035

7. Financial Statement of Nissan

8. Balance sheet
0
2000000
4000000
6000000
8000000
10000000
12000000
2008 2009 2010 2013 2014
Total current Assets
Years 2008 2009 2010 2013 2014 Changes
2008 - 2014
Total current
assets 5,279,382 5,580,410 6,345,835 8,609,278 10,317,345
48.8% 

9. Statement of Cash Flow
Years 2008 2009 2010 2013 2014 Changes
2008 - 2014
Net cash provided by
operating activities 890,726 1,177,226 667,502 -3,360 3,405 260.6% 
-200000
0
200000
400000
600000
800000
1000000
1200000
1400000
2008 2009 2010 2013 2014
Net cash provided
by operating
activities

10. Income Statement
-300000
-200000
-100000
0
100000
200000
300000
400000
500000
2008 2009 2010 2013 2014
Net income (loss)
Years 2008 2009 2010 2013 2014 Changes
2008 - 2014
Net income loss -233,709 42,390 319,221 389,034 457,574 151%

11. THE MOST SIGNIFICANT CHANGE IN
THE INDUSTRY
-140
-120
-100
-80
-60
-40
-20
0
20
2010 2013 2014
Industry
Toyota
Times Interest Earned

12. Financial Ratios

13. Liquidity Ratios
0.000
0.500
1.000
1.500
2.000
2008 2009 2010 2013 2014
Toyota
Nissan
Current ratios
Years Toyota Nissan
2008 1.012 1.324
2009 1.067 1.447
2010 1.223 1.449
2013 1.068 1.660
2014 1.071 1.608

14. • Quick ratios
0.000
0.200
0.400
0.600
0.800
1.000
1.200
1.400
1.600
1.800
2008 2009 2010 2013 2014
Toyota
Nissan
Years Toyota Nissan
2008 0.859 1.288
2009 0.929 1.412
2010 1.090 1.403
2013 0.935 1.604
2014 0.942 1.551

15. • Cash Ratio
0.000
0.050
0.100
0.150
0.200
0.250
2008 2009 2010 2013 2014
Toyota
Nissan
Years Toyota Nissan
2008 0.136 0.159
2009 0.231 0.208
2010 0.175 0.228
2013 0.133 0.159
2014 0.139 0.119

16. Financial leverage ratios
• Debt ratio
0.550
0.600
0.650
0.700
0.750
2008 2009 2010 2013 2014
Toyota
Nissan
Years Toyota Nissan
2008 0.614 0.714
2009 0.635 0.705
2010 0.640 0.695
2013 0.640 0.682
2014 0.633 0.692

17. • Times interest earned
-140.00
-120.00
-100.00
-80.00
-60.00
-40.00
-20.00
0.00
20.00
40.00
2008 2009 2010 2013 2014
Toyota
Nissan
Years Toyota Nissan
2008 -52.85 -6.47
2009 11.95 4.88
2010 -8.72 16.93
2013 -61.12 18.46
2014 -124.35 23.57

18. Asset management
Inventory turnover
0.000
10.000
20.000
30.000
40.000
50.000
60.000
Toyota
Nissan
Day's sales in inventory
0.000
10.000
20.000
30.000
40.000
Toyota
Nissan
Days
Years Toyota Nissan
2008 11.202 49.833
2009 11.970 45.635
2010 11.229 35.483
2013 10.497 30.008
2014 10.550 25.303
Years Toyota Nissan
2008 32.582 7.324
2009 30.494 7.998
2010 32.506 10.287
2013 34.772 12.163
2014 34.599 14.425

19. Receivables turnover
0.000
1.000
2.000
3.000
4.000
5.000
6.000
7.000
Toyota
Nissan
Day's sales in receivables
0.00
50.00
100.00
150.00
200.00
250.00
Toyota
Nissan
Days
Years Toyota Nissan
2008 5.771 3.113
2009 4.927 2.841
2010 4.211 3.194
2013 4.087 2.083
2014 4.319 1.802
Years Toyota Nissan
2008 63.25 117.25
2009 74.08 128.47
2010 86.68 114.28
2013 89.31 175.27
2014 84.51 202.56

20. Total asset turnover
0.0000
0.2000
0.4000
0.6000
0.8000
1.0000
2008 2009 2010 2013 2014
Toyota
Nissan
Years Toyota Nissan
2008 0.7647 0.8240
2009 0.6598 0.7359
2010 0.5840 0.8171
2013 0.5894 0.7129
2014 0.5867 0.6673

21. Profitability ratios
• Profit margin • Return on total assets
-0.040
-0.020
0.000
0.020
0.040
0.060
0.080
0.100
20082009201020132014
Toyota
Nissan
-0.040
-0.020
0.000
0.020
0.040
0.060
20082009201020132014
Toyota
Nissan
Years Toyota Nissan
2008 0.069 -0.028
2009 -0.023 0.006
2010 0.012 0.036
2013 0.046 0.037
2014 0.075 0.040
Years Toyota Nissan
2008 0.053 -0.023
2009 -0.015 0.004
2010 0.007 0.030
2013 0.027 0.026
2014 0.044 0.027

22. • Return on equity
-0.100
-0.050
0.000
0.050
0.100
0.150
0.200
2008 2009 2010 2013 2014
Toyota
Nissan
Years Toyota Nissan
2008 0.145 -0.066
2009 -0.043 0.012
2010 0.020 0.080
2013 0.079 0.081
2014 0.126 0.090

23. INDUSTRY

24. SIGNIFICANT FINANCIAL RATIO
CHANGES
0.00
0.50
1.00
1.50
2.00
2.50
2008 2009 2010 2013 2014
Toyota
Nissan
Industry
Current ratio
Years Toyota Nissan Industry
2008 1.01 1.32 1.42
2009 1.07 1.45 1.37
2010 1.22 1.45 1.6
2013 1.07 1.66 2.05
2014 1.07 1.61 2.1

25. • Quick ratio
0.00
0.50
1.00
1.50
2.00
2008 2009 2010 2013 2014
Toyota
Nissan
Industry
Years Toyota Nissan Industry
2008 0.86 1.29 0.41
2009 0.93 1.41 0.39
2010 1.09 1.40 0.58
2013 0.93 1.60 0.47
2014 0.94 1.55 0.59

26. • Return on equity
-0.10
0.00
0.10
0.20
0.30
0.40
0.50
2008 2009 2010 2013 2014
Toyota
Nissan
Industry
Years Toyota Nissan Industry
2008 0.14 -0.07 0
2009 -0.04 0.01 0
2010 0.02 0.08 0.41
2013 0.08 0.08 0.2
2014 0.13 0.09 0.14

27. Cash Conversion Circle (CCC)
0.0
20.0
40.0
60.0
80.0
100.0
2008 2009 2010 2013 2014
Days Inventory
Outstanding (DIO)
Days Sales Outstanding
(DSO)
Days Payable Outstanding
(DPO)
Cash Conversion cycle
Days
Years
Days
Inventory
Outstanding
(DIO)
Days Sales
Outstanding
(DSO)
Days Payable
Outstanding (DPO)
Cash
Conversion
cycle
2008 29.31 56.87 31.34 54.85
2009 30.11 72.01 34.02 68.1
2010 31.16 89.82 39.53 81.45
2013 36.58 88.89 43.85 81.63
2014 36.82 55.17 42.22 49.77