Tesla Inc (TSLA)

Receivables turnover

		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
Revenue (ttm)	US$ in thousands	96,773,000	95,924,000	94,028,000	86,035,000	81,462,000	74,863,000	67,166,000	62,190,000	53,823,000	46,848,000	41,862,000	35,940,000	31,536,000	28,176,000	25,708,000	26,022,000	24,578,000	24,420,000	24,941,000	22,593,000
Receivables	US$ in thousands	3,508,000	2,526,000	3,447,000	2,999,000	2,959,000	2,198,000	2,089,000	2,321,000	1,924,000	1,973,000	2,140,000	1,900,000	1,895,000	1,766,000	1,495,000	1,283,000	1,324,000	1,128,000	1,147,100	1,046,940
Receivables turnover		27.59	37.97	27.28	28.69	27.53	34.06	32.15	26.79	27.97	23.74	19.56	18.92	16.64	15.95	17.20	20.28	18.56	21.65	21.74	21.58

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $96,773,000K ÷ $3,508,000K
= 27.59

The receivables turnover ratio measures a company's efficiency in collecting its accounts receivable. It is calculated by dividing net credit sales by the average accounts receivable. Tesla Inc's receivables turnover ratio has fluctuated over the past eight quarters. In the most recent quarter, ending December 31, 2023, the ratio stands at 27.08, indicating that Tesla collected its receivables approximately 27 times during the year.

The trend shows some variability, with the ratio reaching a peak of 37.34 in September 2023, followed by fluctuations in the subsequent quarters. Overall, the company has demonstrated a generally high level of efficiency in collecting its receivables, with the turnover ratio consistently above 25 in each of the periods analyzed. This suggests that Tesla Inc has been relatively effective in managing its accounts receivable and converting credit sales into cash.