Tesla Inc (TSLA)

Fixed asset turnover

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Revenue (ttm)	US$ in thousands	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	24,578,000	24,420,000	24,941,000	22,593,000
Property, plant and equipment	US$ in thousands	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	10,396,000	10,190,000	10,082,500	9,850,930
Fixed asset turnover		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	2.36	2.40	2.47	2.29

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $96,773,000K ÷ $29,725,000K
= 3.26

The fixed asset turnover ratio measures how efficiently a company generates sales from its investment in fixed assets. It is calculated by dividing net sales by average fixed assets. Tesla Inc's fixed asset turnover has shown some fluctuation over the past eight quarters, ranging from 3.00 to 3.50.

The general trend indicates that Tesla has been effectively utilizing its fixed assets to generate revenue, with higher values suggesting increased efficiency in utilizing these assets to generate sales. The slight fluctuations in the ratio may be due to changes in production capacity, capital expenditures, or sales performance during different quarters. Overall, the company's ability to generate sales from its investment in fixed assets appears to be strong.