Tesla Inc (TSLA)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 97,690,000 | 96,773,000 | 81,462,000 | 53,823,000 | 31,536,000 |
| Receivables | US$ in thousands | 4,418,000 | 3,508,000 | 2,959,000 | 1,924,000 | 1,895,000 |
| Receivables turnover | 22.11 | 27.59 | 27.53 | 27.97 | 16.64 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $97,690,000K ÷ $4,418,000K
= 22.11
The receivables turnover for Tesla Inc has shown a consistent increase over the years, indicating efficient management of its accounts receivable. In 2020, the receivables turnover stood at 16.64, and by the end of 2024, it reached 22.11. This suggests that Tesla has been able to collect its accounts receivable more frequently within each year.
Furthermore, the receivables turnover ratio peaked at 27.97 at the end of 2021 and remained relatively stable around 27.53 to 27.59 in the following years. This trend signals that Tesla has been effectively converting its credit sales into cash, demonstrating strong collection practices and potentially reducing the risk of bad debts.
Overall, the increasing trend and relatively high turnover ratio of Tesla's receivables indicate that the company has been successful in managing its receivables efficiently, which can positively impact its cash flows and overall financial health.
Peer comparison
Dec 31, 2024