Tesla Inc (TSLA)

Fixed asset turnover

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Revenue (ttm)	US$ in thousands	97,690,000	97,150,000	95,318,000	94,745,000	96,773,000	95,924,000	94,028,000	86,035,000	81,462,000	74,863,000	67,166,000	62,190,000	53,823,000	46,848,000	41,862,000	35,940,000	31,536,000	28,176,000	25,708,000	26,022,000
Property, plant and equipment	US$ in thousands	35,836,000	36,116,000	32,902,000	31,436,000	29,725,000	27,744,000	26,389,000	24,969,000	23,548,000	21,926,000	21,093,000	20,027,000	18,884,000	17,298,000	15,665,000	13,868,000	12,747,000	11,848,000	11,009,000	10,638,000
Fixed asset turnover		2.73	2.69	2.90	3.01	3.26	3.46	3.56	3.45	3.46	3.41	3.18	3.11	2.85	2.71	2.67	2.59	2.47	2.38	2.34	2.45

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $97,690,000K ÷ $35,836,000K
= 2.73

The fixed asset turnover ratio of Tesla Inc has shown an increasing trend from 2.45 in March 31, 2020, to 2.73 in December 31, 2024. This indicates that the company is generating more revenue relative to its investment in fixed assets over the years.

The ratio hit a peak of 3.56 on June 30, 2023, suggesting that Tesla's fixed assets were utilized efficiently to generate sales during that period. However, there was a slight decline in the ratio towards the end of the period under review.

Overall, the increasing trend in the fixed asset turnover ratio indicates that Tesla has been effectively utilizing its fixed assets to drive revenue growth, which is a positive sign for the company's operational efficiency and financial performance.