Tesla Inc (TSLA)

Number of days of payables

		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
Payables turnover		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	5.44	5.85	6.54	5.68
Number of days of payables	days	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	67.11	62.36	55.83	64.30

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 5.48
= 66.58

The number of days of payables for Tesla Inc has seen some fluctuations over the past eight quarters. At the end of December 2023, the company had an average payment period of 66.58 days, which was slightly higher than the 66.13 days at the end of September 2023. This indicates that, on average, Tesla took approximately 67 days to pay its accounts payable during the period. The trend shows a decrease in the number of days of payables from a peak of 91.87 days at the end of December 2022 to a low of 66.13 days at the end of September 2023, possibly suggesting a more efficient management of payables during this period. However, the number of days of payables increased to 87.78 days at the end of March 2023 before decreasing again. Overall, the company's management of payables has shown variability over the period, and further analysis would be necessary to understand the reasons behind these fluctuations.