Tesla Inc (TSLA)

Days of inventory on hand (DOH)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Inventory turnover		6.68	5.81	4.72	6.99	6.07
DOH	days	54.66	62.87	77.32	52.25	60.10

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 6.68
= 54.66

The Days of Inventory on Hand (DOH) ratio for Tesla Inc has shown fluctuating trends over the past five years. As of December 31, 2020, the company had an inventory turnover rate corresponding to approximately 60.10 days. Over the next year, by December 31, 2021, Tesla managed to reduce its DOH to 52.25 days, indicating a more efficient management of its inventory.

However, by the end of 2022, the DOH ratio increased significantly to 77.32 days, suggesting a potential buildup of inventory or slower sales turnover. This trend reversed in the following year, as of December 31, 2023, with a decrease in DOH to 62.87 days, possibly indicating improved inventory management practices.

By the end of 2024, Tesla's DOH stood at 54.66 days, showing a slight improvement compared to the previous year. Overall, Tesla's DOH ratio has displayed fluctuations, highlighting the importance of closely monitoring inventory levels and turnover to optimize operational efficiency and financial performance.