Stock Analysis on Net

Tesla Inc. (NASDAQ:TSLA)

Analysis of Short-term (Operating) Activity Ratios
Quarterly Data

Microsoft Excel

Short-term Activity Ratios (Summary)

Tesla Inc., short-term (operating) activity ratios (quarterly data)

Microsoft Excel
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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Turnover Ratios
Inventory turnover 5.47 5.53 4.86 5.81 5.61 5.14 4.60 4.72 5.32 6.04 6.78 6.99 6.93 6.89 6.86 6.07 5.27 5.13 4.74 5.77
Receivables turnover 29.32 25.51 24.37 27.59 38.07 27.28 28.75 27.60 34.15 32.28 26.91 28.14 23.88 19.66 19.02 16.72 16.04 17.31 20.43 18.56
Payables turnover 5.42 6.01 5.29 5.48 5.52 4.83 4.16 3.97 3.95 4.37 4.06 4.01 4.36 4.32 4.26 4.12 4.48 5.67 5.36 5.44
Working capital turnover 3.77 3.78 4.49 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
Average No. Days
Average inventory processing period 67 66 75 63 65 71 79 77 69 60 54 52 53 53 53 60 69 71 77 63
Add: Average receivable collection period 12 14 15 13 10 13 13 13 11 11 14 13 15 19 19 22 23 21 18 20
Operating cycle 79 80 90 76 75 84 92 90 80 71 68 65 68 72 72 82 92 92 95 83
Less: Average payables payment period 67 61 69 67 66 76 88 92 92 84 90 91 84 85 86 89 81 64 68 67
Cash conversion cycle 12 19 21 9 9 8 4 -2 -12 -13 -22 -26 -16 -13 -14 -7 11 28 27 16

Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

Short-term activity ratio Description The company
Inventory turnover An activity ratio calculated as cost of goods sold divided by inventory. Tesla Inc. inventory turnover ratio improved from Q1 2024 to Q2 2024 but then slightly deteriorated from Q2 2024 to Q3 2024.
Receivables turnover An activity ratio equal to revenue divided by receivables. Tesla Inc. receivables turnover ratio improved from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
Payables turnover An activity ratio calculated as cost of goods sold divided by payables. Tesla Inc. payables turnover ratio increased from Q1 2024 to Q2 2024 but then slightly decreased from Q2 2024 to Q3 2024 not reaching Q1 2024 level.
Working capital turnover An activity ratio calculated as revenue divided by working capital. Tesla Inc. working capital turnover ratio deteriorated from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.

Short-term activity ratio Description The company
Average inventory processing period An activity ratio equal to the number of days in the period divided by inventory turnover over the period. Tesla Inc. number of days of inventory outstanding improved from Q1 2024 to Q2 2024 but then slightly deteriorated from Q2 2024 to Q3 2024.
Average receivable collection period An activity ratio equal to the number of days in the period divided by receivables turnover. Tesla Inc. number of days of receivables outstanding improved from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
Operating cycle Equal to average inventory processing period plus average receivables collection period. Tesla Inc. operating cycle improved from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
Average payables payment period An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period. Tesla Inc. number of days of payables outstanding decreased from Q1 2024 to Q2 2024 but then increased from Q2 2024 to Q3 2024 not reaching Q1 2024 level.
Cash conversion cycle A financial metric that measures the length of time required for a company to convert cash invested in its operations to cash received as a result of its operations; equal to average inventory processing period plus average receivables collection period minus average payables payment period. Tesla Inc. cash conversion cycle improved from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.

Inventory Turnover

Tesla Inc., inventory turnover calculation (quarterly data)

Microsoft Excel
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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Selected Financial Data (US$ in millions)
Cost of revenues 20,185 20,922 17,605 20,729 19,172 20,394 18,818 18,541 16,072 12,700 13,296 12,872 10,097 9,074 8,174 8,678 6,708 4,769 4,751 5,993 5,112 5,429 3,976
Inventory 14,530 14,195 16,033 13,626 13,721 14,356 14,375 12,839 10,327 8,108 6,691 5,757 5,199 4,733 4,132 4,101 4,218 4,018 4,494 3,552 3,581 3,382 3,837
Short-term Activity Ratio
Inventory turnover1 5.47 5.53 4.86 5.81 5.61 5.14 4.60 4.72 5.32 6.04 6.78 6.99 6.93 6.89 6.86 6.07 5.27 5.13 4.74 5.77
Benchmarks
Inventory Turnover, Competitors2
Ford Motor Co. 8.77 9.04 8.18 9.62 8.05 8.15 8.64 9.55 8.48 8.92 7.81 9.50 8.54 8.57 8.75 10.43 10.82 11.31 11.60 12.49
General Motors Co. 8.56 8.24 8.16 8.59 7.85 7.66 7.31 8.26 7.32 6.33 7.06 7.74 7.10 8.38 7.95 9.53 8.53 9.17 10.11 10.64

Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Q3 2024 Calculation
Inventory turnover = (Cost of revenuesQ3 2024 + Cost of revenuesQ2 2024 + Cost of revenuesQ1 2024 + Cost of revenuesQ4 2023) ÷ Inventory
= (20,185 + 20,922 + 17,605 + 20,729) ÷ 14,530 = 5.47

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Inventory turnover An activity ratio calculated as cost of goods sold divided by inventory. Tesla Inc. inventory turnover ratio improved from Q1 2024 to Q2 2024 but then slightly deteriorated from Q2 2024 to Q3 2024.

Receivables Turnover

Tesla Inc., receivables turnover calculation (quarterly data)

Microsoft Excel
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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Selected Financial Data (US$ in millions)
Revenues 25,182 25,500 21,301 25,167 23,350 24,927 23,329 24,318 21,454 16,934 18,756 17,719 13,757 11,958 10,389 10,744 8,771 6,036 5,985 7,384 6,303 6,350 4,541
Accounts receivable, net 3,313 3,737 3,887 3,508 2,520 3,447 2,993 2,952 2,192 2,081 2,311 1,913 1,962 2,129 1,890 1,886 1,757 1,485 1,274 1,324 1,128 1,147 1,047
Short-term Activity Ratio
Receivables turnover1 29.32 25.51 24.37 27.59 38.07 27.28 28.75 27.60 34.15 32.28 26.91 28.14 23.88 19.66 19.02 16.72 16.04 17.31 20.43 18.56
Benchmarks
Receivables Turnover, Competitors2
Ford Motor Co. 10.38 10.06 8.92 10.63 10.87 11.08 10.45 9.48 9.66 9.22 9.58 11.11 11.45 14.36 11.31 11.60 11.81 13.02 20.79 15.55
General Motors Co. 12.14 12.16 11.63 12.74 11.36 11.12 10.79 10.80 9.59 9.60 9.82 15.36 14.50 15.42 11.90 13.52 10.24 12.78 16.00 18.05

Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Q3 2024 Calculation
Receivables turnover = (RevenuesQ3 2024 + RevenuesQ2 2024 + RevenuesQ1 2024 + RevenuesQ4 2023) ÷ Accounts receivable, net
= (25,182 + 25,500 + 21,301 + 25,167) ÷ 3,313 = 29.32

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Receivables turnover An activity ratio equal to revenue divided by receivables. Tesla Inc. receivables turnover ratio improved from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.

Payables Turnover

Tesla Inc., payables turnover calculation (quarterly data)

Microsoft Excel
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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Selected Financial Data (US$ in millions)
Cost of revenues 20,185 20,922 17,605 20,729 19,172 20,394 18,818 18,541 16,072 12,700 13,296 12,872 10,097 9,074 8,174 8,678 6,708 4,769 4,751 5,993 5,112 5,429 3,976
Accounts payable 14,654 13,056 14,725 14,431 13,937 15,273 15,904 15,255 13,897 11,212 11,171 10,025 8,260 7,558 6,648 6,051 4,958 3,638 3,970 3,771 3,468 3,134 3,249
Short-term Activity Ratio
Payables turnover1 5.42 6.01 5.29 5.48 5.52 4.83 4.16 3.97 3.95 4.37 4.06 4.01 4.36 4.32 4.26 4.12 4.48 5.67 5.36 5.44
Benchmarks
Payables Turnover, Competitors2
Ford Motor Co. 5.76 6.10 5.56 5.79 5.30 5.20 5.38 5.25 4.77 5.33 4.92 5.13 5.03 6.27 4.75 5.08 5.33 7.06 7.12 6.52
General Motors Co. 5.00 5.04 4.87 5.03 4.58 4.60 4.49 4.62 4.46 4.12 4.15 4.93 5.54 5.12 4.69 4.89 4.46 6.22 5.45 5.26

Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Q3 2024 Calculation
Payables turnover = (Cost of revenuesQ3 2024 + Cost of revenuesQ2 2024 + Cost of revenuesQ1 2024 + Cost of revenuesQ4 2023) ÷ Accounts payable
= (20,185 + 20,922 + 17,605 + 20,729) ÷ 14,654 = 5.42

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Payables turnover An activity ratio calculated as cost of goods sold divided by payables. Tesla Inc. payables turnover ratio increased from Q1 2024 to Q2 2024 but then slightly decreased from Q2 2024 to Q3 2024 not reaching Q1 2024 level.

Working Capital Turnover

Tesla Inc., working capital turnover calculation (quarterly data)

Microsoft Excel
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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Selected Financial Data (US$ in millions)
Current assets 56,379 52,977 50,535 49,616 45,026 43,875 42,997 40,917 35,990 31,222 29,050 27,100 25,002 24,693 24,705 26,717 21,744 15,336 14,893 12,103 10,940 10,182 7,678
Less: Current liabilities 30,577 27,729 29,453 28,748 26,640 27,592 27,436 26,709 24,611 21,821 21,455 19,705 18,051 16,371 14,877 14,248 13,302 12,270 11,986 10,667 10,146 9,589 9,243
Working capital 25,802 25,248 21,082 20,868 18,386 16,283 15,561 14,208 11,379 9,401 7,595 7,395 6,951 8,322 9,828 12,469 8,442 3,066 2,907 1,436 794 593 (1,565)
 
Revenues 25,182 25,500 21,301 25,167 23,350 24,927 23,329 24,318 21,454 16,934 18,756 17,719 13,757 11,958 10,389 10,744 8,771 6,036 5,985 7,384 6,303 6,350 4,541
Short-term Activity Ratio
Working capital turnover1 3.77 3.78 4.49 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
Benchmarks
Working Capital Turnover, Competitors2
Ford Motor Co. 10.64 9.88 9.59 8.32 7.80 7.75 8.12 7.60 7.96 9.89 7.91 6.91 6.92 7.06 6.00 5.93 6.42 3.79 4.63 9.03
General Motors Co. 8.38 9.76 10.90 21.98 11.38 11.11 17.09 15.52 10.96 10.19 12.98 14.76 20.09 16.15 18.83 107.17 11.87 10.58 18.82

Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Q3 2024 Calculation
Working capital turnover = (RevenuesQ3 2024 + RevenuesQ2 2024 + RevenuesQ1 2024 + RevenuesQ4 2023) ÷ Working capital
= (25,182 + 25,500 + 21,301 + 25,167) ÷ 25,802 = 3.77

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Working capital turnover An activity ratio calculated as revenue divided by working capital. Tesla Inc. working capital turnover ratio deteriorated from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.

Average Inventory Processing Period

Tesla Inc., average inventory processing period calculation (quarterly data)

Microsoft Excel
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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Selected Financial Data
Inventory turnover 5.47 5.53 4.86 5.81 5.61 5.14 4.60 4.72 5.32 6.04 6.78 6.99 6.93 6.89 6.86 6.07 5.27 5.13 4.74 5.77
Short-term Activity Ratio (no. days)
Average inventory processing period1 67 66 75 63 65 71 79 77 69 60 54 52 53 53 53 60 69 71 77 63
Benchmarks (no. days)
Average Inventory Processing Period, Competitors2
Ford Motor Co. 42 40 45 38 45 45 42 38 43 41 47 38 43 43 42 35 34 32 31 29
General Motors Co. 43 44 45 43 46 48 50 44 50 58 52 47 51 44 46 38 43 40 36 34

Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Q3 2024 Calculation
Average inventory processing period = 365 ÷ Inventory turnover
= 365 ÷ 5.47 = 67

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Average inventory processing period An activity ratio equal to the number of days in the period divided by inventory turnover over the period. Tesla Inc. number of days of inventory outstanding improved from Q1 2024 to Q2 2024 but then slightly deteriorated from Q2 2024 to Q3 2024.

Average Receivable Collection Period

Tesla Inc., average receivable collection period calculation (quarterly data)

Microsoft Excel
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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Selected Financial Data
Receivables turnover 29.32 25.51 24.37 27.59 38.07 27.28 28.75 27.60 34.15 32.28 26.91 28.14 23.88 19.66 19.02 16.72 16.04 17.31 20.43 18.56
Short-term Activity Ratio (no. days)
Average receivable collection period1 12 14 15 13 10 13 13 13 11 11 14 13 15 19 19 22 23 21 18 20
Benchmarks (no. days)
Average Receivable Collection Period, Competitors2
Ford Motor Co. 35 36 41 34 34 33 35 39 38 40 38 33 32 25 32 31 31 28 18 23
General Motors Co. 30 30 31 29 32 33 34 34 38 38 37 24 25 24 31 27 36 29 23 20

Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Q3 2024 Calculation
Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ 29.32 = 12

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Average receivable collection period An activity ratio equal to the number of days in the period divided by receivables turnover. Tesla Inc. number of days of receivables outstanding improved from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.

Operating Cycle

Tesla Inc., operating cycle calculation (quarterly data)

No. days

Microsoft Excel
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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Selected Financial Data
Average inventory processing period 67 66 75 63 65 71 79 77 69 60 54 52 53 53 53 60 69 71 77 63
Average receivable collection period 12 14 15 13 10 13 13 13 11 11 14 13 15 19 19 22 23 21 18 20
Short-term Activity Ratio
Operating cycle1 79 80 90 76 75 84 92 90 80 71 68 65 68 72 72 82 92 92 95 83
Benchmarks
Operating Cycle, Competitors2
Ford Motor Co. 77 76 86 72 79 78 77 77 81 81 85 71 75 68 74 66 65 60 49 52
General Motors Co. 73 74 76 72 78 81 84 78 88 96 89 71 76 68 77 65 79 69 59 54

Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Q3 2024 Calculation
Operating cycle = Average inventory processing period + Average receivable collection period
= 67 + 12 = 79

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Operating cycle Equal to average inventory processing period plus average receivables collection period. Tesla Inc. operating cycle improved from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.

Average Payables Payment Period

Tesla Inc., average payables payment period calculation (quarterly data)

Microsoft Excel
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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Selected Financial Data
Payables turnover 5.42 6.01 5.29 5.48 5.52 4.83 4.16 3.97 3.95 4.37 4.06 4.01 4.36 4.32 4.26 4.12 4.48 5.67 5.36 5.44
Short-term Activity Ratio (no. days)
Average payables payment period1 67 61 69 67 66 76 88 92 92 84 90 91 84 85 86 89 81 64 68 67
Benchmarks (no. days)
Average Payables Payment Period, Competitors2
Ford Motor Co. 63 60 66 63 69 70 68 70 77 68 74 71 73 58 77 72 68 52 51 56
General Motors Co. 73 72 75 73 80 79 81 79 82 89 88 74 66 71 78 75 82 59 67 69

Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Q3 2024 Calculation
Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ 5.42 = 67

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Average payables payment period An estimate of the average number of days it takes a company to pay its suppliers; equal to the number of days in the period divided by payables turnover ratio for the period. Tesla Inc. number of days of payables outstanding decreased from Q1 2024 to Q2 2024 but then increased from Q2 2024 to Q3 2024 not reaching Q1 2024 level.

Cash Conversion Cycle

Tesla Inc., cash conversion cycle calculation (quarterly data)

No. days

Microsoft Excel
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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Selected Financial Data
Average inventory processing period 67 66 75 63 65 71 79 77 69 60 54 52 53 53 53 60 69 71 77 63
Average receivable collection period 12 14 15 13 10 13 13 13 11 11 14 13 15 19 19 22 23 21 18 20
Average payables payment period 67 61 69 67 66 76 88 92 92 84 90 91 84 85 86 89 81 64 68 67
Short-term Activity Ratio
Cash conversion cycle1 12 19 21 9 9 8 4 -2 -12 -13 -22 -26 -16 -13 -14 -7 11 28 27 16
Benchmarks
Cash Conversion Cycle, Competitors2
Ford Motor Co. 14 16 20 9 10 8 9 7 4 13 11 0 2 10 -3 -6 -3 8 -2 -4
General Motors Co. 0 2 1 -1 -2 2 3 -1 6 7 1 -3 10 -3 -1 -10 -3 10 -8 -15

Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Q3 2024 Calculation
Cash conversion cycle = Average inventory processing period + Average receivable collection period – Average payables payment period
= 67 + 1267 = 12

2 Click competitor name to see calculations.

Short-term activity ratio Description The company
Cash conversion cycle A financial metric that measures the length of time required for a company to convert cash invested in its operations to cash received as a result of its operations; equal to average inventory processing period plus average receivables collection period minus average payables payment period. Tesla Inc. cash conversion cycle improved from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.