Similar companies
Income Statement (JPY)
Q2 '24 | QoQ | |
---|---|---|
Revenue | 11,838B | 6.9% |
Gross Profit | 2,428B | 7.9% |
Cost of Revenue | 9,409B | 6.7% |
Operating expense | 10,529B | 825.7% |
Net Income | 1,333B | 33.6% |
Balance Sheet (JPY)
Q2 '24 | QoQ | |
---|---|---|
Total Assets | 94,037B | 4.4% |
Total Liabilities | 57,258B | 4.3% |
Total Equity | 35,738B | 4.4% |
Shares Outstanding | 13.5B | 899.3% |
Cash Flow (JPY)
Q2 '24 | QoQ | |
---|---|---|
Cash from operations | 684B | 51.9% |
Cash from financing | -319B | 136.9% |
Financial Highlights for Toyota in Q2 '24
Toyota reported a revenue of 11,838B, which is a 6.9% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 2,428B, marking a 7.9% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 9,409B, a 6.7% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 10,529B, showing a 825.7% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 1,333B, showing a 33.6% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
It was a positive quarter for Toyota with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies. A decline in EBITDA signals potential operational challenges or increased costs.