Tesla Inc (TSLA)

Return on assets (ROA)

		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
Net income (ttm)	US$ in thousands	14,997,000	10,756,000	12,195,000	11,751,000	12,556,000	11,190,000	9,516,000	8,399,000	5,519,000	3,468,000	2,181,000	1,143,000	721,000	556,000	368,000	-144,000	-862,000	-827,000	-659,000	-969,000
Total assets	US$ in thousands	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	34,309,000	32,795,000	31,872,600	28,912,500
ROA		14.07%	11.45%	13.46%	13.53%	15.25%	15.04%	13.89%	12.72%	8.88%	6.00%	3.95%	2.16%	1.38%	1.22%	0.96%	-0.39%	-2.51%	-2.52%	-2.07%	-3.35%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $14,997,000K ÷ $106,618,000K
= 14.07%

The return on assets (ROA) for Tesla Inc has fluctuated over the past eight quarters. The ROA, which measures the company's ability to generate profits from its assets, showed a peak of 15.28% in the fourth quarter of 2022 and a low of 11.48% in the third quarter of 2023. Overall, the average ROA for the period indicates that Tesla has consistently generated positive returns from its assets, with a mean ROA of approximately 13.70%. This suggests that the company has been efficient in utilizing its assets to generate earnings for its shareholders. However, the fluctuation in ROA may indicate changes in the company's asset management or profitability during the period. Further analysis of the underlying factors affecting these fluctuations would provide deeper insights into Tesla's performance.