Honda Trading Corporation is a trading company that provides a wide range of products and services including raw material supply, parts supply, evaluation technology, and environmental resources. Self-described as utilizing group synergy to deliver services of world-class standards.

Honda Trading Corporation

Allison Transmission manufactures fully automatic transmissions for medium- and heavy-duty commercial vehicles and hybrid-propulsion systems for city buses.  The self-described world’s largest manufacturer in this area.

Allison Transmission

BorgWarner Inc. provides solutions for combustion, hybrid, and electric vehicles worldwide. The company operates through four segments: Air Management, E-Propulsion & Drivetrain, Fuel Injection, and Aftermarket. The Air Management segment offers turbochargers, eBoosters, eTurbos, timing systems, emissions systems, thermal systems, gasoline ignition technology, smart remote actuators, powertrain sensors, canisters, cabin heaters, battery modules and systems, battery packs, battery heaters, and battery charging. The E-Propulsion & Drivetrain segment provides rotating electrical components, power electronics, control modules, software, friction, and mechanical products for automatic transmissions and torque-management products. The Fuel Injection segment develops and manufactures gasoline and diesel fuel injection components and systems. The Aftermarket segment sells products and services to independent aftermarket customers and original equipment service customers. This segment provides a range of solutions, including fuel injection, electronics and engine management, maintenance, and test equipment and vehicle diagnostics. The company sells its products to original equipment manufacturers of light vehicles, which comprise passenger cars, sport-utility vehicles, vans, and light trucks; commercial vehicles, including medium-duty and heavy-duty trucks, and buses; and off-highway vehicles, such as agricultural and construction machinery, and marine applications, as well as to tier one vehicle systems suppliers and the aftermarket for light, commercial, and off-highway vehicles. The company was formerly known as Borg-Warner Automotive, Inc. BorgWarner Inc. was incorporated in 1987 and is headquartered in Auburn Hills, Michigan.

BorgWarner Inc.

Cummins Inc. designs, manufactures, distributes, and services diesel and natural gas engines, electric and hybrid powertrains, and related components worldwide. It operates through five segments: Engine, Distribution, Components, Power Systems, and New Power. The company offers diesel and natural gas-powered engines under the Cummins and other customer brands for the heavy and medium-duty truck, bus, recreational vehicle, light-duty automotive, construction, mining, marine, rail, oil and gas, defense, and agricultural markets; and offers new parts and services, as well as remanufactured parts and engines. It also provides power generation systems, high-horsepower engines, heavy and medium duty engines, application engineering services, custom-designed assemblies, retail and wholesale aftermarket parts, and in-shop and field-based repair services. In addition, the company offers emission solutions; turbochargers; air and fuel filters, fuel water separators, lube and hydraulic filters, coolants, fuel additives, and other filtration systems; and electronic control modules, sensors, and supporting software, as well as new, replacement, and remanufactured fuel systems. Further, it provides automated transmissions; standby and prime power generators, controls, paralleling systems, and transfer switches, as well as A/C generator/alternator products under the Stamford and AVK brands; and electrified power systems with components and subsystems, including battery, fuel cell, and hydrogen production technologies. Additionally, it offers filtration, aftertreatment, controls systems, air handling systems, automated transmissions, electric power generation systems, and batteries. The company sells its products to original equipment manufacturers, distributors, dealers, and other customers. The company was formerly known as Cummins Engine Company and changed its name to Cummins Inc. in 2001. Cummins Inc. was founded in 1919 and is headquartered in Columbus, Indiana.

Clessie Cummins

Joseph Irwin Miller

Cummins Inc.

Honda Trading America Corporation | 1,960 followers on LinkedIn. Innovators for business partners throughout the world.
 | At Honda Trading America Corporation, we leverage the strengths of our global operation to deliver innovative solutions to customers around the world. We develop and manage a customized supply chain to meet customer needs and remove barriers to allow our customers to focus on their core business and revenue streams. Honda Trading works with customers to plan and execute global sourcing of components with optimal supply chain efficiency through services including:

• Supply sourcing (steel, aluminum, plastics, recycling, catalytic systems, parts, machinery &amp; die)
• Supply planning/inventory management
• Trade finance
• Currency management
• Logistics management
• Compliance management
• Quality management

We operate in 22 countries, at 60 Honda Trading bases, to provide our customers with &quot;boots on the ground&quot;​ across the globe.

Independent Contractor S4HANA SD-LE-TRA

Vijay Voota, PMP

Sr. Manager Accounting / Finance at Honda Trading America Corporation

Stefan Walliser

Basis and Infrastructure Supervisor at Honda Trading America Corporation

Joe Balderson

Software Developer

James Mevis

Honda Trading America Corporation

Congratulations to Adam Burris, a supervisor in the Steel Division of Honda Trading America in Ohio, for receiving the 2024 Honda Trading North America (HTNA) Innovator Award! Honda Trading procures and supplies a variety of steel materials to our customers, and the smart management of our steel inventories is critical to meeting these customer needs. Adam played a pivotal role in driving operational improvements throughout our inventory management. By applying his creativity and developing strong relationships with processing centers, Adam helped to ensure healthy inventory levels and seamless transitions between warehouses. Now in its seventh year, the HTNA Innovator Award recognizes associates whose contributions fuel positive change within the Honda Trading organization. Well deserved, Adam! Learn more about HTA: https://lnkd.in/eSUT5eFz #Innovator #Steel

Congratulations to Tatum Haw, an associate in our Operations Group at Honda Trading Canada Inc. (HTC), for receiving the 2024 Honda Trading North America (HTNA) Innovator Award! Tatum earned this recognition for her relentless commitment to improving purchasing efficiency and accuracy within our Operations Group, leading the development of a spot-buy process for unplanned or ad hoc purchases that has benefited the entire Raw Materials department. Now in its 7th year, the HTNA Innovator Award celebrates associates whose exceptional contributions drive meaningful change across the Honda Trading organization. Congratulations, Tatum, on this well-deserved honor! Learn more about HTA: https://lnkd.in/eSUT5eFz

Honda Trading America (HTA) associates Andrew Welch and Ryosuke Taketomi recently participated in the International Precious Metals Institute (IPMI) Conference in Orlando, Florida. They joined other industry leaders in seminars exploring the latest trends and advancements in the precious metals sector, including the crucial role platinum group metals (PGM) play in sustainable energy solutions such as green hydrogen. At HTA, we are committed to leveraging our expertise and global PGM network to contribute to a cleaner, more sustainable future. Learn more about our global PGM business network and services: https://lnkd.in/gU3pHCTX #IPMI #PreciousMetals #GreenHydrogen #Sustainability #Networking

Congratulations to Hannah Burgess ! A Honda Trading America (HTA) associate in our Metals, Plastics and Recycling Group, Hannah received the prestigious 2024 HTNA (Honda Trading North America) Innovator Award! We recognized Hannah for her leadership and unwavering commitment to driving higher efficiencies for the Metals, Plastics & Recycling team. By continuously seeking innovative approaches, Hannah helped reallocate a substantial number of work hours from time-consuming tasks to optimize workflows and significantly boost overall productivity. This includes enhancing associate engagement and fostering collaboration with key stakeholders across the business. Now in its 7th year, the HTNA Innovator Award honors associates whose outstanding achievements have a meaningful impact across the Honda Trading organization. Learn more about HTA: https://lnkd.in/eSUT5eFz #innovator #metals #plastics #recycling

Congratulations to Honda Trading Mexico (HTMX) associate Laura Perez for receiving the prestigious 2024 HTA Innovator Award! Laura has demonstrated exceptional leadership since stepping into her role as supervisor in our Steel division, adapting quickly to the fast-paced steel business and strengthening the trust our customers and suppliers have in HTMX. The Honda Trading North America (HTNA) Innovator Award, now in its 7th year, honors associates whose outstanding achievements have a meaningful impact across the Honda Trading organization. Join us in celebrating Laura's remarkable contributions! Learn more about our steel business: https://lnkd.in/dHteGKv7 #innovator #steel

Honda recently celebrated the production start of the all-new 2025 Honda CR-V e:FCEV at the Performance Manufacturing Center in Ohio. The CR-V e:FCEV has an all-steel body and Honda Trading America (HTA) is proud to be procuring 100% of the steel body panels and hood for this unique, zero-emission vehicle, along with 90% of all other steel components. The CR-V e:FCEV is the only fuel cell electric vehicle made in America, as well as the first production hydrogen fuel cell electric vehicle to combine an all-new, U.S.-made fuel cell system with plug-in charging, delivering 270-miles of zero-emissions driving range. Discover more about our steel business: https://lnkd.in/dHteGKv7 #SteelProcurement #FuelCell #ElectricVehicle #ZeroEmissions #CleanEnergy

Congrats to Larry Albert and Linjia Zhang, Honda Trading America Parts Division associates in Ohio, on receiving a 2024 HTA Innovator Award! Larry and Linjia were recognized for their work on a project that improved international routing of critical parts to North America. Their project reduced our environmental impact and eliminated unnecessary logistics routes, which is forecast to save HTA $3 million in the first year alone. The HTA Innovator Award, in its 7th year, annually recognizes associates for notable accomplishments that create impact across our company. Learn more about our global network and shipping services: https://lnkd.in/drMZbTcn #innovator #logistics

Happy #EarthMonth ! At Honda Trading America, we are committed to creating new value through new technologies and services, while supporting Honda’s global goal of achieving zero environmental impact by 2050. Our "Triple Action to Zero” approach focuses on three pillars: 1) Carbon Neutrality 2) Clean Energy 3) Resource Circulation From recycling scrap metal from manufacturing to pursuing clean hydrogen and green steel, and countless other innovative endeavors, the unique perspectives and ideas of our HTA associates are helping us to achieve a sustainable future. Learn more about our approach to #Sustainability : https://lnkd.in/g6QYBapw

The Honda Marysville Auto Plant in Ohio recently celebrated the production of its 15 millionth vehicle. At Honda Trading America (HTA), we take pride in supplying the majority of the steel used in these vehicles, including components like the roof, doors, hood, trunk, and floor. HTA plays a crucial role in procuring and providing various materials for Honda products manufactured in North America. Learn more about our Steel business: https://lnkd.in/dHteGKv7

Our Honda Trading Canada Inc. office in Alliston, Ontario was established in 1990 to support Honda of Canada Mfg. (HCM) and other HT offices. Three decades later, our team in Alliston is responsible for sourcing steel, aluminum, plastics, parts and machinery for HCM, as well as supply planning and inventory management. We’re proud of all that HTC does! Learn more about our Canadian operations: https://lnkd.in/g4GhC_A3 #SupplyChain #Sourcing #Trade #Plastics #Steel #Aluminum

Metric
Company Name	Honda Trading Corporation	Allison Transmission	BorgWarner Inc.	Cummins Inc.
Symbol			BWA	CMI
MSH ID	COM:HONDATRADING	COM:ALLISONTRANSMISSION	COM:BORGWARNER	COM:CUMMINS
Market	PRIVATE	PRIVATE	STOCKS	STOCKS
Sector	Commercial & Professional Services	Transportation	Consumer Cyclical	Industrials
Industry	Trading and Supply Chain	Automotive	Auto - Parts	Industrial - Machinery
Country	JP	US	US	US
Stage
Employee Count			39.90K	75.50K
Website	hondatrading.com	allisontransmission.com	borgwarner.com	cummins.com
LinkedIn	honda-trading-america-corporation		borgwarner	cummins-inc
Founders

Metric
Market Cap		7.31B	37.49B
Enterprise Value
Monthly Web Traffic	1.60K	232.60K
Web Traffic Growth	-0.21	0.25
Valuation
Raised Capital		1B

Metric
Revenue	14.20B	34.06B
Revenue (LTM)
Revenue (NTM)
Gross Profit	2.57B	8.25B
EBITDA	1.16B	1.76B
Operating Income	1.16B	1.76B
Net Income	625M	735M
EPS	2.68	5.19
Diluted EPS	2.67	5.15
Revenue 2022
Revenue 2023
Revenue 2024
Revenue 2025
Revenue 2026

Metric
Revenue Growth (LTM)
Revenue Growth (NTM)
Gross Profit Growth (LTM)
EBITDA Growth (LTM)
Net Income Growth (LTM)
14-Day Growth Score
28-Day Growth Score
90-Day Growth Score
365-Day Growth Score

Metric
Gross Profit Margin	0.19	0.24
Operating Profit Margin	0.08	0.05
EBITDA Margin	0.08	0.05
Net Profit Margin	0.05	0.06
Return on Equity	0.12	0.20
Return on Assets	0.05	0.06
Return on Capital Employed	0.12	0.09

HOND

COM:HONDATRADING

Honda Trading Corporation

Company Overview

Market Metrics

Financial Performance

Growth Metrics

Profitability Ratios

Valuation Multiples

Operational Metrics

Cash Flow Metrics

Balance Sheet Metrics

Efficiency Metrics

Metric
P/E Ratio	10.77	12.25
P/B Ratio	1.36	3.22
Revenue Multiple (LTM)
Revenue Multiple (NTM)
EBITDA Multiple (LTM)
EBITDA Multiple (NTM)
Price to Sales Ratio	0.58	1.36
EV Multiple	3.49	15.17

Metric
Days Sales Outstanding	74.44	62.08
Days Payables Outstanding	65.62	61.67
Days Inventory Outstanding	41.23	82.44
Operating Cycle	120.82	142.32
Cash Conversion Cycle	52.13	80.32
Asset Turnover	1.10	1.09

Metric
Operating Cash Flow	1.40B	3.97B
Free Cash Flow	565M	2.75B
Cash Flow to Debt	0.39	0.58
Operating Cash Flow/Sales	0.10	0.12
Free Cash Flow Yield	0.07	0.06

Metric
Cash & Equivalents	1.53B	2.18B
Accounts Receivable	-485M	-330M
Inventory	1.31B	5.68B
Goodwill	3.01B	2.50B
Debt to Capitalization	0.40	0.45
Debt to Assets	0.26	0.23
Current Ratio	1.65	1.43
Quick Ratio	1.26	0.84

Metric
Rule of 40 (LTM)
Rule of 40 (NTM)
Stock Comp to Revenue	0.00	0.01
R&D to Revenue		0.04
SG&A to Revenue	0.09