Cash flow Daikin Industries, Ltd.

Equities

6367

JP3481800005

Electrical Components & Equipment

Delayed Japan Exchange Other stock markets 21:13:31 2024-09-12 EDT			5-day change	1st Jan Change
17,325.00 ^JPY	+0.87%		+0.12%	-24.62%

09-02	Jefferies Adjusts Daikin Industries' Price Target to 20,000 Yen From 23,500 Yen, Keeps at Hold	MT
08-22	Daikin Industries' Attributable Profit Falls 21% in Fiscal Q1	MT

19d3939604c06a4a2f1b60c884f6b3.vRiRvOOy7TlvgK7-oQ0A6QZCm1ZBnMEHCNVL2wHg0GA.0SylhYjTrlYN-ZyJ5VdEnn8m0TEjyLtlRLA9vGavmlfrSMn-q8vcTQ744w

Published financial data: DAIKIN INDUSTRIES, LTD.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2020	2021	2022	2023	2024
Revenues	2,550B	2,493B	3,109B	3,982B	4,395B
Total Revenues	2,550B	2,493B	3,109B	3,982B	4,395B
Cost of Goods Sold, Total	1,665B	1,629B	2,052B	2,650B	2,886B
Gross Profit	885B	864B	1,057B	1,331B	1,510B
Selling General & Admin Expenses, Total	449B	441B	528B	692B	800B
Provision for Bad Debts	2.24B	2.22B	2.63B	3.41B	3.95B
R&D Expenses	50.52B	53.82B	64.7B	83.2B	103B
Depreciation & Amortization - (IS)	33.79B	36.18B	40.95B	51.18B	60.83B
Amortization of Goodwill and Intangible Assets - (IS)	30.68B	30.05B	32.68B	39.5B	45.58B
Other Operating Expenses	52.85B	62.26B	72.44B	85.53B	105B
Other Operating Expenses, Total	619B	626B	741B	954B	1,118B
Operating Income	266B	239B	316B	377B	392B
Interest Expense, Total	-11.01B	-8.79B	-8.82B	-20.29B	-44.9B
Interest And Investment Income	13.11B	10.7B	12.89B	16.98B	21.12B
Net Interest Expenses	2.1B	1.9B	4.06B	-3.31B	-23.78B
Income (Loss) On Equity Invest.	166M	7M	1.4B	1.7B	1.6B
Currency Exchange Gains (Loss)	460M	547M	4.49B	3.8B	-1.11B
Other Non Operating Income (Expenses)	779M	-835M	1.19B	-12.97B	-14.36B
EBT, Excl. Unusual Items	269B	240B	327B	366B	354B
Gain (Loss) On Sale Of Investments	10.23B	-164M	5.65B	15.83B	45.85B
Gain (Loss) On Sale Of Assets	205M	-1.32B	-335M	-1.05B	-2.8B
Asset Writedown	-23.55B	-225M	-3.67B	-8.58B	-12.24B
Other Unusual Items	274M	6M	-1.09B	937M	-1M
EBT, Incl. Unusual Items	256B	239B	328B	373B	385B
Income Tax Expense	78.98B	75.8B	103B	108B	115B
Earnings From Continuing Operations	177B	163B	225B	265B	270B
Net Income to Company	177B	163B	225B	265B	270B
Minority Interest	-6.47B	-6.5B	-7.56B	-7.69B	-9.52B
Net Income - (IS)	171B	156B	218B	258B	260B
Net Income to Common Incl Extra Items	171B	156B	218B	258B	260B
Net Income to Common Excl. Extra Items	171B	156B	218B	258B	260B
Per Share Items
Net EPS - Basic	583.6	533.97	743.88	880.58	889.21
Basic EPS - Continuing Operations	583.6	533.97	743.88	880.58	889.21
Basic Weighted Average Shares Outstanding	293M	293M	293M	293M	293M
Net EPS - Diluted	583.22	533.66	743.46	880.05	888.64
Diluted EPS - Continuing Operations	583.22	533.66	743.46	880.05	888.64
Diluted Weighted Average Shares Outstanding	293M	293M	293M	293M	293M
Normalized Basic EPS	552.64	490.94	673.55	755.75	724.3
Normalized Diluted EPS	552.28	490.66	673.16	755.29	723.83
Dividend Per Share	160	160	200	240	250
Payout Ratio	29.13	29.9	22.85	23.85	29.23
American Depositary Receipts Ratio (ADR)	0.1	0.1	0.1	0.1	0.1
Supplemental Items
EBITDA	394B	372B	464B	559B	608B
EBITA	296B	269B	349B	417B	438B
EBIT	266B	239B	316B	377B	392B
Effective Tax Rate - (Ratio)	30.83	31.78	31.33	28.91	29.97
Normalized Net Income	162B	144B	197B	221B	212B
Non-Cash Pension Expense	-772M	-537M	-2.24B	-1.23B	-309M
Supplemental Operating Expense Items
Advertising Expense	51.58B	50.4B	59.87B	71.33B	80.37B
Selling and Marketing Expenses	121B	114B	137B	167B	182B
Research And Development Expense From Footnotes	67.97B	71.74B	81.54B	102B	122B

Fiscal Period: March	2020	2021	2022	2023	2024
Assets
Cash And Equivalents	371B	736B	818B	618B	738B
Total Cash And Short Term Investments	371B	736B	818B	618B	738B
Accounts Receivable, Total	430B	455B	578B	687B	793B
Total Receivables	430B	455B	578B	687B	793B
Inventory	434B	469B	671B	993B	1,048B
Deferred Tax Assets Current	-	-	-	-	-
Other Current Assets, Total	69.66B	72.61B	98.4B	129B	148B
Total Current Assets	1,304B	1,733B	2,166B	2,427B	2,727B
Net Property Plant And Equipment	580B	647B	743B	901B	1,135B
Long-term Investments	212B	283B	295B	275B	281B
Goodwill	282B	269B	270B	304B	307B
Other Intangibles, Total	261B	274B	308B	354B	377B
Loans Receivable Long-Term	1.46B	1.15B	668M	744M	1.38B
Deferred Tax Assets Long-Term	26.79B	31.69B	41.34B	41.01B	52.25B
Other Long-Term Assets, Total	1M	1M	1M	2M	2M
Total Assets	2,668B	3,240B	3,824B	4,304B	4,880B
Liabilities
Accounts Payable, Total	190B	230B	303B	353B	326B
Accrued Expenses, Total	142B	154B	206B	248B	273B
Short-term Borrowings	48.94B	40.75B	97.38B	373B	414B
Current Portion of Long-Term Debt	106B	76.28B	365B	73.9B	73.45B
Current Portion of Leases	17.3B	20.64B	25.88B	30.44B	40.09B
Current Income Taxes Payable	19.89B	20.76B	36.74B	37.73B	41.26B
Deferred Tax Liability Current	-	-	-	-	-
Other Current Liabilities	170B	224B	273B	334B	399B
Total Current Liabilities	694B	766B	1,306B	1,449B	1,567B
Long-Term Debt	323B	549B	261B	314B	325B
Long-Term Leases	58.48B	64.74B	76.51B	96.6B	116B
Pension & Other Post Retirement Benefits	13.22B	14.54B	16.12B	18.18B	19.91B
Deferred Tax Liability Non Current	90.09B	119B	121B	104B	110B
Other Non Current Liabilities	25.99B	28.5B	35.15B	42.79B	54.81B
Total Liabilities	1,205B	1,541B	1,816B	2,025B	2,193B
Common Stock, Total	85.03B	85.03B	85.03B	85.03B	85.03B
Additional Paid In Capital	83.9B	84.21B	83.83B	79.48B	78.01B
Retained Earnings	1,254B	1,364B	1,530B	1,712B	1,896B
Treasury Stock	-2.26B	-2.01B	-1.85B	-1.68B	-1.52B
Comprehensive Income and Other	16.12B	137B	275B	363B	584B
Total Common Equity	1,437B	1,668B	1,972B	2,238B	2,641B
Minority Interest	25.74B	30.79B	35.88B	40.95B	45.99B
Total Equity	1,463B	1,698B	2,008B	2,279B	2,687B
Total Liabilities And Equity	2,668B	3,240B	3,824B	4,304B	4,880B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	293M	293M	293M	293M	293M
ECS Total Common Shares Outstanding	293M	293M	293M	293M	293M
Book Value / Share	4.91K	5.7K	6.74K	7.65K	9.02K
Tangible Book Value	894B	1,125B	1,394B	1,580B	1,958B
Tangible Book Value Per Share	3.06K	3.84K	4.76K	5.4K	6.69K
Total Debt	554B	751B	825B	888B	968B
Net Debt	183B	15.11B	7.2B	270B	230B
Debt Equivalent of Unfunded Proj. Benefit Obligation	334M	-5.42B	-10.22B	-5.01B	-7.51B
Minority Interest, Total (Incl. Fin. Div)	25.74B	30.79B	35.88B	40.95B	45.99B
Inventories - Raw Materials, Total	91.52B	108B	176B	260B	275B
Inventories - Work In Process, Total	49.69B	34.77B	44.93B	65.52B	75.93B
Inventories - Finished Goods, Total	293B	327B	451B	668B	696B
Full Time Employees	80.37K	84.87K	88.7K	96.34K	98.16K
Accumulated Allowance for Doubtful Accounts (Supple)	10.56B	13.07B	16.93B	19.18B	22.54B

Fiscal Period: March	2020	2021	2022	2023	2024
Net Income	256B	239B	328B	373B	385B
Depreciation & Amortization - CF	97.8B	104B	115B	143B	170B
Amortization of Goodwill and Intangible Assets - (CF)	30.68B	30.05B	32.68B	39.5B	45.58B
Depreciation & Amortization, Total	128B	134B	148B	182B	216B
(Gain) Loss From Sale Of Asset	24.01B	1.43B	4.25B	9.62B	15.08B
(Gain) Loss on Sale of Investments - (CF)	-10.23B	159M	-5.44B	-15.74B	-45.85B
(Income) Loss On Equity Investments - (CF)	-166M	-7M	-1.4B	-1.7B	-1.6B
Other Operating Activities, Total	-87.72B	-68.27B	-96.64B	-127B	-136B
Change In Accounts Receivable	-950M	-1.02B	-76.68B	-61.81B	-36.09B
Change In Inventories	-14.32B	-7.75B	-151B	-268B	36.53B
Change In Accounts Payable	-6.36B	51.1B	89.72B	50.89B	-52.85B
Change in Other Net Operating Assets	13.24B	26.91B	6.17B	16.21B	19.54B
Cash from Operations	302B	375B	245B	159B	400B
Capital Expenditure	-98.09B	-105B	-114B	-175B	-243B
Sale of Property, Plant, and Equipment	3.96B	4.72B	5.34B	6.86B	3.14B
Cash Acquisitions	-13.33B	-28.57B	-42.73B	-106B	-11.52B
Divestitures	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-31.92B	-19.18B	-6.9B	69.78B	38.61B
Other Investing Activities, Total	-16.81B	-11.67B	-22.4B	-25.29B	-14.79B
Cash from Investing	-156B	-160B	-181B	-230B	-227B
Short Term Debt Issued, Total	-	-	57.05B	270B	17.87B
Long-Term Debt Issued, Total	103B	293B	68.37B	116B	60.48B
Total Debt Issued	103B	293B	125B	386B	78.35B
Short Term Debt Repaid, Total	-93.94B	-9.25B	-	-	-
Long-Term Debt Repaid, Total	-98.2B	-106B	-89.58B	-387B	-78.29B
Total Debt Repaid	-192B	-115B	-89.58B	-387B	-78.29B
Common & Preferred Stock Dividends Paid	-49.73B	-46.72B	-49.75B	-61.47B	-76.08B
Common & Preferred Stock Dividends Paid	-49.73B	-46.72B	-49.75B	-61.47B	-76.08B
Other Financing Activities, Total	-30.63B	-32.4B	-34.79B	-50.31B	-53.59B
Cash from Financing	-170B	98.94B	-48.7B	-113B	-130B
Foreign Exchange Rate Adjustments	-22.03B	27.21B	41.54B	15B	42.75B
Miscellaneous Cash Flow Adjustments	-54M	-59M	-1.59B	-570M	257M
Net Change in Cash	-46.04B	341B	55.54B	-170B	85.76B
Supplemental Items
Cash Interest Paid	11.82B	9.54B	8.84B	20.48B	44.62B
Cash Income Tax Paid (Refund)	87.36B	67.59B	96.74B	128B	139B
Levered Free Cash Flow	198B	215B	65.57B	-77.33B	78.13B
Unlevered Free Cash Flow	205B	221B	71.08B	-64.64B	106B
Change In Net Working Capital	-8.89B	-42.86B	161B	307B	112B
Net Debt Issued / Repaid	-89.58B	178B	35.84B	-1.31B	52M

Fiscal Period: March	2020	2021	2022	2023	2024
Profitability
Return on Assets	6.18	5.05	5.6	5.8	5.34
Return on Total Capital	8.2	6.68	7.49	7.86	7.18
Return On Equity %	12.18	10.3	12.16	12.38	10.87
Return on Common Equity	11.96	10.07	11.96	12.24	10.67
Margin Analysis
Gross Profit Margin %	34.7	34.66	34.01	33.44	34.35
SG&A Margin	17.62	17.69	16.97	17.37	18.2
EBITDA Margin %	15.45	14.93	14.94	14.05	13.83
EBITA Margin %	11.61	10.78	11.23	10.46	9.96
EBIT Margin %	10.41	9.57	10.18	9.47	8.92
Income From Continuing Operations Margin %	6.95	6.53	7.25	6.67	6.14
Net Income Margin %	6.69	6.27	7	6.47	5.92
Net Avail. For Common Margin %	6.69	6.27	7	6.47	5.92
Normalized Net Income Margin	6.34	5.76	6.34	5.56	4.82
Levered Free Cash Flow Margin	7.78	8.63	2.11	-1.94	1.78
Unlevered Free Cash Flow Margin	8.05	8.85	2.29	-1.62	2.42
Asset Turnover
Asset Turnover	0.95	0.84	0.88	0.98	0.96
Fixed Assets Turnover	4.8	4.06	4.47	4.84	4.32
Receivables Turnover (Average Receivables)	5.87	5.63	6.02	6.29	5.94
Inventory Turnover (Average Inventory)	3.83	3.61	3.6	3.18	2.83
Short Term Liquidity
Current Ratio	1.88	2.26	1.66	1.67	1.74
Quick Ratio	1.15	1.56	1.07	0.9	0.98
Operating Cash Flow to Current Liabilities	0.44	0.49	0.19	0.11	0.25
Days Sales Outstanding (Average Receivables)	62.35	64.81	60.66	58	61.62
Days Outstanding Inventory (Average Inventory)	95.61	101.17	101.48	114.65	129.44
Average Days Payable Outstanding	43.4	45.99	43.11	40.24	42.24
Cash Conversion Cycle (Average Days)	114.56	119.98	119.03	132.41	148.81
Long Term Solvency
Total Debt/Equity	37.86	44.23	41.07	38.95	36.03
Total Debt / Total Capital	27.46	30.67	29.12	28.03	26.49
LT Debt/Equity	26.1	36.12	16.78	18.02	16.41
Long-Term Debt / Total Capital	18.93	25.05	11.9	12.97	12.06
Total Liabilities / Total Assets	45.17	47.57	47.49	47.04	44.93
EBIT / Interest Expense	24.12	27.14	35.85	18.58	8.73
EBITDA / Interest Expense	35.79	42.34	52.63	27.56	13.53
(EBITDA - Capex) / Interest Expense