Tesla Inc (TSLA)
Payables 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 |
| Payables | US$ in thousands | 12,474,000 | 14,654,000 | 13,056,000 | 14,725,000 | 14,431,000 | 13,937,000 | 15,273,000 | 15,904,000 | 15,255,000 | 13,897,000 | 11,212,000 | 11,171,000 | 10,025,000 | 8,260,000 | 7,558,000 | 6,648,000 | 6,051,000 | 4,958,000 | 3,638,000 | 3,970,000 |
| 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 |
December 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $80,240,000K ÷ $12,474,000K
= 6.43
The payables turnover ratio for Tesla Inc has shown some fluctuations over the past few years based on the provided data. The payables turnover ratio indicates how many times a company is able to pay off its accounts payable during a period. A higher payables turnover ratio typically indicates that the company is efficiently managing its payables.
From March 31, 2020, to December 31, 2024, the payables turnover ratio for Tesla Inc ranged from a low of 3.95 to a high of 6.43. The ratio increased from 4.12 on December 31, 2020, to 6.43 on December 31, 2024, reflecting an improvement in the company's ability to settle its payables.
It is important to note that a higher payables turnover ratio may suggest that the company is paying off its suppliers quickly, which could potentially strain its cash flow or relationships with suppliers. On the other hand, a lower payables turnover ratio may indicate that the company is taking longer to pay its bills, which may be advantageous in terms of preserving cash but could also signal potential liquidity issues or strained supplier relationships.
Overall, Tesla Inc's payables turnover ratio has fluctuated over the years, and it would be important to analyze the trend in conjunction with other financial metrics to gain a comprehensive understanding of the company's financial performance and efficiency in managing its payables.
Peer comparison
Dec 31, 2024