Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.
Long-term Activity Ratios (Summary)
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
Long-term activity ratio | Description | The company |
---|---|---|
Net fixed asset turnover | An activity ratio calculated as total revenue divided by net fixed assets. | Tesla Inc. net fixed asset turnover ratio improved from 2020 to 2021 and from 2021 to 2022. |
Net fixed asset turnover (including operating lease, right-of-use asset) | An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). | Tesla Inc. net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2020 to 2021 and from 2021 to 2022. |
Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | Tesla Inc. total asset turnover ratio improved from 2020 to 2021 and from 2021 to 2022. |
Equity turnover | An activity ratio calculated as total revenue divided by shareholders’ equity. | Tesla Inc. equity turnover ratio improved from 2020 to 2021 and from 2021 to 2022. |
Net Fixed Asset Turnover
Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | ||||||
Revenues | 81,462) | 53,823) | 31,536) | 24,578) | 21,461) | |
Property, plant and equipment, net | 23,548) | 18,884) | 12,747) | 10,396) | 11,330) | |
Long-term Activity Ratio | ||||||
Net fixed asset turnover1 | 3.46 | 2.85 | 2.47 | 2.36 | 1.89 | |
Benchmarks | ||||||
Net Fixed Asset Turnover, Competitors2 | ||||||
Ford Motor Co. | 4.00 | 3.40 | 3.13 | 3.94 | 4.10 | |
General Motors Co. | 3.18 | 2.76 | 2.89 | 3.17 | 3.43 | |
Net Fixed Asset Turnover, Sector | ||||||
Automobiles & Components | 3.53 | 3.02 | 2.93 | 3.40 | 3.51 | |
Net Fixed Asset Turnover, Industry | ||||||
Consumer Discretionary | 3.47 | 3.30 | 3.36 | 3.69 | 3.64 |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
1 2022 Calculation
Net fixed asset turnover = Revenues ÷ Property, plant and equipment, net
= 81,462 ÷ 23,548 = 3.46
2 Click competitor name to see calculations.
Long-term activity ratio | Description | The company |
---|---|---|
Net fixed asset turnover | An activity ratio calculated as total revenue divided by net fixed assets. | Tesla Inc. net fixed asset turnover ratio improved from 2020 to 2021 and from 2021 to 2022. |
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset)
Tesla Inc., net fixed asset turnover (including operating lease, right-of-use asset) calculation, comparison to benchmarks
Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | ||||||
Revenues | 81,462) | 53,823) | 31,536) | 24,578) | 21,461) | |
Property, plant and equipment, net | 23,548) | 18,884) | 12,747) | 10,396) | 11,330) | |
Operating lease right-of-use assets | 2,563) | 2,016) | 1,558) | 1,218) | —) | |
Property, plant and equipment, net (including operating lease, right-of-use asset) | 26,111) | 20,900) | 14,305) | 11,614) | 11,330) | |
Long-term Activity Ratio | ||||||
Net fixed asset turnover (including operating lease, right-of-use asset)1 | 3.12 | 2.58 | 2.20 | 2.12 | 1.89 | |
Benchmarks | ||||||
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2 | ||||||
Ford Motor Co. | 3.85 | 3.28 | 3.02 | 3.79 | 4.10 | |
General Motors Co. | 3.11 | 2.69 | 2.81 | 3.08 | 3.43 | |
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Sector | ||||||
Automobiles & Components | 3.37 | 2.89 | 2.80 | 3.26 | 3.51 | |
Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry | ||||||
Consumer Discretionary | 2.64 | 2.50 | 2.55 | 3.12 | 3.64 |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
1 2022 Calculation
Net fixed asset turnover (including operating lease, right-of-use asset) = Revenues ÷ Property, plant and equipment, net (including operating lease, right-of-use asset)
= 81,462 ÷ 26,111 = 3.12
2 Click competitor name to see calculations.
Long-term activity ratio | Description | The company |
---|---|---|
Net fixed asset turnover (including operating lease, right-of-use asset) | An activity ratio calculated as total revenue divided by net fixed assets (including operating lease, right-of-use asset). | Tesla Inc. net fixed asset turnover ratio (with operating lease, right-of-use asset) improved from 2020 to 2021 and from 2021 to 2022. |
Total Asset Turnover
Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | ||||||
Revenues | 81,462) | 53,823) | 31,536) | 24,578) | 21,461) | |
Total assets | 82,338) | 62,131) | 52,148) | 34,309) | 29,740) | |
Long-term Activity Ratio | ||||||
Total asset turnover1 | 0.99 | 0.87 | 0.60 | 0.72 | 0.72 | |
Benchmarks | ||||||
Total Asset Turnover, Competitors2 | ||||||
Ford Motor Co. | 0.58 | 0.49 | 0.43 | 0.56 | 0.58 | |
General Motors Co. | 0.55 | 0.46 | 0.46 | 0.54 | 0.59 | |
Total Asset Turnover, Sector | ||||||
Automobiles & Components | 0.62 | 0.52 | 0.46 | 0.56 | 0.59 | |
Total Asset Turnover, Industry | ||||||
Consumer Discretionary | 0.96 | 0.88 | 0.84 | 0.94 | 0.97 |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
1 2022 Calculation
Total asset turnover = Revenues ÷ Total assets
= 81,462 ÷ 82,338 = 0.99
2 Click competitor name to see calculations.
Long-term activity ratio | Description | The company |
---|---|---|
Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | Tesla Inc. total asset turnover ratio improved from 2020 to 2021 and from 2021 to 2022. |
Equity Turnover
Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | ||
---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | ||||||
Revenues | 81,462) | 53,823) | 31,536) | 24,578) | 21,461) | |
Stockholders’ equity | 44,704) | 30,189) | 22,225) | 6,618) | 4,923) | |
Long-term Activity Ratio | ||||||
Equity turnover1 | 1.82 | 1.78 | 1.42 | 3.71 | 4.36 | |
Benchmarks | ||||||
Equity Turnover, Competitors2 | ||||||
Ford Motor Co. | 3.45 | 2.60 | 3.78 | 4.33 | 4.13 | |
General Motors Co. | 2.12 | 1.90 | 2.41 | 2.94 | 3.42 | |
Equity Turnover, Sector | ||||||
Automobiles & Components | 2.40 | 2.12 | 2.61 | 3.56 | 3.80 | |
Equity Turnover, Industry | ||||||
Consumer Discretionary | 4.33 | 3.82 | 4.94 | 6.02 | 5.72 |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).
1 2022 Calculation
Equity turnover = Revenues ÷ Stockholders’ equity
= 81,462 ÷ 44,704 = 1.82
2 Click competitor name to see calculations.
Long-term activity ratio | Description | The company |
---|---|---|
Equity turnover | An activity ratio calculated as total revenue divided by shareholders’ equity. | Tesla Inc. equity turnover ratio improved from 2020 to 2021 and from 2021 to 2022. |