Toyota Motor Corporation’s (ADR) (NYSE:TM) September sales in China moved down almost 40% from around 50,000 cars in the same month previous year, and the drop in the sales will likely force the auto maker to miss its target of selling 1 million cars their current year, according to a source with knowledge about the sales.
Japanese media reported separately on Friday that Toyota Motor plans to drastically cut output in China current month, probably by almost 50% from the primarily planned level.
The Nikkei reported that auto maker’s new car sales in China in September appear to have been below 50% of the initial target because of anti-Japan protests in the region.
The Nikkei further reported that the company will decide the output volume for October depending on sales and inventory.
Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. Ford Motor Company (NYSE:F) rose +1.71% to settle at $10.11, Honda Motor Co. Ltd. (ADR) (NYSE:HMC) moved up +2.73% to end at $31.20 while General Motors Company (NYSE:GM) jumped +1.07% to finish at 24.65 on Thursday.
Toyota Motor Corporation’s (ADR) (NYSE:TM) last session’s volume of 305,825 shares was lower than its average volume of 349,084 shares. The stock after opening at $78.72 hit high price of $79.07 and then closed at $78.98 by scoring +2.45%.
TM generated revenue of $265.01 billion in the previous twelve months and earned $7.35 billion. The Company showed a positive 2.22% in the net profit margin as well as in its operating margin which remained at 3.96%. Company’s annual sales growth for the past five years was -4.95%.
The TM’s past twelve months’ price to sales ratio was 0.51 and price to cash ratio remained 3.47. As far as the returns are concerned, TM’s return on equity was recorded as 5.52% and return on investment increased 2.55% while its return on asset stayed at 1.55%.
The stock showed weekly downbeat performance of -1.58% which was maintained for the month at 0.69%. Likewise the negative performance for the quarter was recorded as -1.45% and for the year was 18.43% while the YTD performance remained at 19.43%.
DO NOT TRADE ANY STOCK WITHOUT LEVEL 2 STOCK QUOTES! QuoteDaddy.com delivers it's user with the most in-depth Level 2 Quotation System available on the Planet! NO Downloads, NO Widgets, NO Plugins required! Stay on TOP of your trades with QuoteDaddy.com! CLICK HERE TO START YOUR FREE 30-DAY TRIAL