Tesla Inc (TSLA)
Payables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 80,240,000 | 79,113,000 | 60,609,000 | 40,217,000 | 24,906,000 |
| Payables | US$ in thousands | 12,474,000 | 14,431,000 | 15,255,000 | 10,025,000 | 6,051,000 |
| Payables turnover | 6.43 | 5.48 | 3.97 | 4.01 | 4.12 |
December 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $80,240,000K ÷ $12,474,000K
= 6.43
The payables turnover ratio for Tesla Inc has exhibited a slight decline in recent years, from 4.12 in December 31, 2020 to 3.97 in December 31, 2022. However, there was a notable increase in the payables turnover ratio to 5.48 in December 31, 2023, followed by a substantial surge to 6.43 in December 31, 2024. This indicates that Tesla has been able to manage its payables more efficiently and effectively in the latter years, potentially improving its liquidity position and vendor relationships. The increasing trend in payables turnover suggests that Tesla is paying off its suppliers more quickly, which can be seen as a positive indicator of the company's financial health and operational efficiency.
Peer comparison
Dec 31, 2024