Tesla Inc (TSLA)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 7,076,000 | 7,557,000 | 6,604,000 | 7,398,000 | 8,891,000 | 10,728,000 | 12,652,000 | 12,717,000 | 13,656,000 | 12,368,000 | 10,684,000 | 9,532,000 | 6,523,000 | 4,485,000 | 3,290,000 | 2,305,000 | 1,994,000 | 1,778,000 | 1,230,000 | 736,000 |
| 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 |
| Operating ROA | 5.80% | 6.31% | 5.85% | 6.77% | 8.34% | 11.42% | 13.97% | 14.65% | 16.59% | 16.62% | 15.59% | 14.43% | 10.50% | 7.75% | 5.97% | 4.35% | 3.82% | 3.89% | 3.23% | 1.98% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $7,076,000K ÷ $122,070,000K
= 5.80%
Operating Return on Assets (Operating ROA) is a key financial ratio that measures a company's operating efficiency in generating profits relative to its total assets. For Tesla Inc, the trend in Operating ROA over the given period shows varying levels of performance.
The Operating ROA for Tesla Inc has been on an upward trajectory from March 31, 2020, at 1.98% to its peak of 16.62% on September 30, 2022. This indicates that the company was effectively utilizing its assets to generate operating income during this period. However, there was a slight dip in the ratio to 8.34% by December 31, 2023.
Subsequently, Tesla Inc experienced a decline in Operating ROA with figures dropping to 5.80% by December 31, 2024. This decrease suggests that the company's operating profitability relative to its assets decreased at the end of the period compared to its peak performance.
Overall, the fluctuation in Tesla Inc's Operating ROA implies variations in the company's operating efficiency and profitability over time. It is important for investors and analysts to monitor this ratio as it provides insights into how well the company is utilizing its assets to generate operating income.
Peer comparison
Dec 31, 2024