Skip to Main Contents

Financial indicators

Financial indicators by fiscal year

5 Years10 Years (Excel)

  Dec. 2012 Dec. 2013 Dec. 2014 Dec. 2015
Notes 10)
Dec. 2016
Return on shareholder's equity Note 1) % 2.5 12.7 16.2 12.6 12.3
Return on assets Note 2) % 0.8 4.2 5.6 4.6 4.8
Total assets turnover Note 3) Times 1.30 1.34 1.24 1.25 1.15
Tangible fixed asset turnover Note 4) Times 4.63 4.91 4.72 4.76 4.35
Inventory turnover Note 5) Times 4.35 4.32 3.91 3.82 3.64
Account receivable turnover Note 6) Times 7.06 6.87 6.38 8.35 10.98
Equity Ratio Note 7) % 32.0 33.5 35.1 37.6 40.5
Debt/Equity Ratio Note 8) Times 1.06 1.00 0.88 0.84 0.68
Interest coverage Note 9) Times - 9.55 11.1 5.0 29.5
Note 1)
Return on shareholder's equity = Net income / Average net assets
Note 2)
Return on assets = Net income / Average total assets
Note 3)
Total assets turnover = Net sales / Average total assets
Note 4)
Tangible fixed asset turnover = Net sales / Average tangible fixed assets
Note 5)
Inventory turnover = Cost of sales / Average inventory
Note 6)
Accounts receivable turnover = Net sales / Average accounts receivable(trade notes and accounts receivable-allowance for doubtful accounts)
Note 7)
Equity Ratio = Net assets / Total assets
Note 8)
Debt/Equity Ratio = Interest-bearing debt/Net assets
Note 9)
Interest coverage = (Operating income+interest and dividend income) / (Interest paid+bond interest+discounted sales)
Note 10)
From the fiscal year ended December 31, 2016, the presentation of sales finance-related income and expenses has changed from recording under "Selling, general and administrative expenses," "Non-operating income," and "Non-operating expenses" to recording under "Net sales," "Cost of sales," and "Selling, general and administrative expenses."
To reflect this change in presentation method, the consolidated financial statements for the fiscal year ended December 31, 2016 and the fiscal year ended December 31, 2015 have been reclassified.
Back to
Top