Tesla Inc (TSLA)

Total asset 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
Total assets	US$ in thousands	122,070,000	119,852,000	112,832,000	109,226,000	106,618,000	93,941,000	90,591,000	86,833,000	82,338,000	74,426,000	68,513,000	66,038,000	62,131,000	57,834,000	55,146,000	52,972,000	52,148,000	45,691,000	38,135,000	37,250,000
Total asset turnover		0.80	0.81	0.84	0.87	0.91	1.02	1.04	0.99	0.99	1.01	0.98	0.94	0.87	0.81	0.76	0.68	0.60	0.62	0.67	0.70

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $97,690,000K ÷ $122,070,000K
= 0.80

The total asset turnover ratio for Tesla Inc has shown a generally increasing trend over the past few years. It was 0.70 as of March 31, 2020, and gradually improved to reach 1.04 by June 30, 2023. This indicates that the company generated $1.04 in revenue for every dollar of assets it had during that period.

However, after June 30, 2023, there was a slight decrease in the total asset turnover ratio, dropping to 0.80 by December 31, 2024. Despite this decline, the ratio is still relatively high, suggesting that Tesla is effectively utilizing its assets to generate revenue.

Overall, the total asset turnover ratio for Tesla Inc indicates that the company has been increasingly efficient in generating revenue from its assets, although there was a slight dip in performance towards the end of the period under review.