Tesla Inc (TSLA)
Number of days of payables
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 6.43 | 5.42 | 6.01 | 5.29 | 5.48 | 5.52 | 4.83 | 4.16 | 3.97 | 3.95 | 4.37 | 4.06 | 4.01 | 4.36 | 4.32 | 4.26 | 4.12 | 4.48 | 5.67 | 5.36 | |
| Number of days of payables | days | 56.74 | 67.33 | 60.76 | 68.99 | 66.58 | 66.13 | 75.51 | 87.78 | 91.87 | 92.33 | 83.58 | 89.93 | 90.98 | 83.69 | 84.53 | 85.65 | 88.68 | 81.44 | 64.38 | 68.08 |
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 some fluctuations over the period analyzed. It decreased from 68.08 days as of March 31, 2020, to a low of 56.74 days by December 31, 2024. The metric reached a peak of 92.33 days on September 30, 2022.
Overall, Tesla's number of days of payables indicates the average number of days the company takes to pay its suppliers or creditors. A lower number of days typically suggests that the company is paying its bills more quickly, while a higher number may indicate that the company is taking longer to settle its payables, potentially signaling cash flow management strategies or supplier negotiation tactics.
It is essential for investors and analysts to monitor trends in the number of days of payables as part of assessing Tesla's working capital management and overall financial health. This metric can provide valuable insights into the company's efficiency in managing its payables and its relationships with suppliers over time.
Peer comparison
Dec 31, 2024