Tesla Inc (TSLA)
Number of days of payables
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 6.43 | 5.48 | 3.97 | 4.01 | 4.12 | |
| Number of days of payables | days | 56.74 | 66.58 | 91.87 | 90.98 | 88.68 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.43
= 56.74
The number of days of payables for Tesla Inc has shown a fluctuating trend over the years based on the data provided. As of December 31, 2020, the company took approximately 88.68 days to pay off its payables, which increased slightly to 90.98 days by December 31, 2021, and further rose to 91.87 days by December 31, 2022.
However, there was a significant improvement in the efficiency of payables management by December 31, 2023, as the number of days decreased to 66.58 days. This reduction indicates that Tesla Inc was able to negotiate better payment terms or streamline its payables processes during that period.
By December 31, 2024, the number of days of payables further decreased to 56.74 days, reflecting a continued focus on managing payables efficiently. Overall, Tesla Inc's ability to effectively manage its payables is essential for optimizing cash flow and working capital management, which are key factors in the company's financial health.
Peer comparison
Dec 31, 2024