Tesla Inc (TSLA)
Working capital 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 |
| Total current assets | US$ in thousands | 49,616,000 | 45,026,000 | 43,875,000 | 42,997,000 | 40,917,000 | 35,990,000 | 31,222,000 | 29,050,000 | 27,100,000 | 25,002,000 | 24,693,000 | 24,705,000 | 26,717,000 | 21,744,000 | 15,336,000 | 14,893,000 | 12,103,000 | 10,940,000 | 10,182,000 | 7,677,820 |
| Total current liabilities | US$ in thousands | 28,748,000 | 26,640,000 | 27,592,000 | 27,436,000 | 26,709,000 | 24,611,000 | 21,821,000 | 21,455,000 | 19,705,000 | 18,051,000 | 16,371,000 | 14,877,000 | 14,248,000 | 13,302,000 | 12,270,000 | 11,986,000 | 10,667,000 | 10,146,000 | 9,588,770 | 9,242,800 |
| Working capital turnover | 4.64 | 5.22 | 5.77 | 5.53 | 5.73 | 6.58 | 7.14 | 8.19 | 7.28 | 6.74 | 5.03 | 3.66 | 2.53 | 3.34 | 8.38 | 8.95 | 17.12 | 30.76 | 42.04 | — |
December 31, 2023 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $96,773,000K ÷ ($49,616,000K – $28,748,000K)
= 4.64
The working capital turnover ratio for Tesla Inc has fluctuated over the past eight quarters. The ratio measures how efficiently a company is using its working capital to generate sales revenue. A higher ratio indicates that the company is efficiently using its working capital to support its sales activities.
From the data provided, Tesla's working capital turnover ratio has shown a decreasing trend over the last two quarters of 2023 compared to the same periods in 2022. This could imply that Tesla's efficiency in managing its working capital to support sales has declined during this time.
It's important to note that working capital turnover should be analyzed in conjunction with other financial metrics to gain a comprehensive understanding of Tesla's financial performance and efficiency of its working capital management.
Peer comparison
Dec 31, 2023