Tesla Inc (TSLA)
Inventory 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 80,240,000 | 79,441,000 | 78,428,000 | 77,900,000 | 79,113,000 | 76,925,000 | 73,825,000 | 66,131,000 | 60,609,000 | 54,940,000 | 48,965,000 | 45,339,000 | 40,217,000 | 36,023,000 | 32,634,000 | 28,329,000 | 24,906,000 | 22,221,000 | 20,625,000 | 21,285,000 |
| Inventory | US$ in thousands | 12,017,000 | 14,530,000 | 14,195,000 | 16,033,000 | 13,626,000 | 13,721,000 | 14,356,000 | 14,375,000 | 12,839,000 | 10,327,000 | 8,108,000 | 6,691,000 | 5,757,000 | 5,199,000 | 4,733,000 | 4,132,000 | 4,101,000 | 4,218,000 | 4,018,000 | 4,494,000 |
| Inventory turnover | 6.68 | 5.47 | 5.53 | 4.86 | 5.81 | 5.61 | 5.14 | 4.60 | 4.72 | 5.32 | 6.04 | 6.78 | 6.99 | 6.93 | 6.89 | 6.86 | 6.07 | 5.27 | 5.13 | 4.74 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $80,240,000K ÷ $12,017,000K
= 6.68
Tesla Inc's inventory turnover has shown some fluctuations over the past few years.
The inventory turnover ratio measures how efficiently a company is managing its inventory by indicating how many times the company sells and replaces its inventory during a certain period. A higher inventory turnover ratio is generally seen as positive, as it suggests that the company is selling its inventory quickly and efficiently.
Based on the data provided, Tesla's inventory turnover has varied between 4.60 and 6.99 over the period from March 31, 2020, to December 31, 2024. The trend shows an overall increase in inventory turnover from the beginning of the period, reaching a peak of 6.99 on December 31, 2021, before slightly declining to 6.68 on December 31, 2024.
The increase in inventory turnover indicates that Tesla has been able to manage its inventory more efficiently over time. However, the slight decline towards the end of the period may suggest a potential slowdown in inventory management efficiency.
Overall, Tesla's inventory turnover ratios show a generally positive trend, indicating effective inventory management practices. Keeping a close eye on this ratio can help assess the company's operational efficiency and identify any potential issues in inventory management that may arise.
Peer comparison
Dec 31, 2024
Dec 31, 2024