Tesla Inc (TSLA)
Total asset 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 |
| Total assets | US$ in thousands | 122,070,000 | 106,618,000 | 82,338,000 | 62,131,000 | 52,148,000 |
| Total asset turnover | 0.80 | 0.91 | 0.99 | 0.87 | 0.60 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $97,690,000K ÷ $122,070,000K
= 0.80
The total asset turnover ratio for Tesla Inc has shown an improving trend over the past five years, starting at 0.60 in December 31, 2020 and steadily increasing to 0.80 by December 31, 2024. This signifies that for each dollar of total assets held by the company, there has been an increase in the efficiency of generating sales revenue. The peak in the ratio was seen in December 31, 2022 at 0.99, indicating that Tesla was able to generate almost a dollar in sales for every dollar of assets during that period. Although there was a slight decrease in the ratio in the following years, the overall trend reflects an enhancement in the utilization of assets to drive sales for the company.
Peer comparison
Dec 31, 2024