Tesla Inc (TSLA)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 97,690,000 | 97,150,000 | 95,318,000 | 94,745,000 | 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 |
| Receivables | US$ in thousands | 4,418,000 | 3,318,000 | 3,742,000 | 3,892,000 | 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 |
| Receivables turnover | 22.11 | 29.28 | 25.47 | 24.34 | 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 |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $97,690,000K ÷ $4,418,000K
= 22.11
The receivables turnover ratio measures how efficiently a company is collecting its accounts receivable from customers. It is calculated by dividing net credit sales by the average accounts receivable balance.
Analyzing Tesla Inc's receivables turnover ratio from March 31, 2020, to December 31, 2024, we can see a fluctuating trend over this period. The ratio started at 20.28 in March 2020 and generally showed a decreasing trend until September 2021, indicating that Tesla took longer to collect its accounts receivable during these quarters.
However, from September 2021 onwards, the receivables turnover ratio began to increase significantly, reaching its peak at 37.97 in September 30, 2023. This indicates that Tesla improved its efficiency in collecting receivables during this period, which is a positive sign for the company's liquidity and financial health.
The ratio decreased slightly in the following quarters, but remained relatively stable around the 20-30 range until December 31, 2024. Overall, the fluctuating trend in Tesla's receivables turnover ratio suggests varying effectiveness in managing accounts receivable collection over the analyzed period.
Peer comparison
Dec 31, 2024