Analysis of Long-term (Investment) Activity Ratios
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)
Tesla Inc., long-term (investment) activity ratios
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
| 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 deteriorated from 2022 to 2023 and from 2023 to 2024. |
| 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) deteriorated from 2022 to 2023 and from 2023 to 2024. |
| Total asset turnover | An activity ratio calculated as total revenue divided by total assets. | Tesla Inc. total asset turnover ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
| Equity turnover | An activity ratio calculated as total revenue divided by shareholders’ equity. | Tesla Inc. equity turnover ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
Net Fixed Asset Turnover
Tesla Inc., net fixed asset turnover calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Revenues | 97,690) | 96,773) | 81,462) | 53,823) | 31,536) | |
| Property, plant and equipment, net | 35,836) | 29,725) | 23,548) | 18,884) | 12,747) | |
| Long-term Activity Ratio | ||||||
| Net fixed asset turnover1 | 2.73 | 3.26 | 3.46 | 2.85 | 2.47 | |
| Benchmarks | ||||||
| Net Fixed Asset Turnover, Competitors2 | ||||||
| Ford Motor Co. | 4.12 | 4.06 | 4.00 | 3.40 | 3.13 | |
| General Motors Co. | 3.31 | 3.13 | 3.18 | 2.76 | 2.89 | |
| Net Fixed Asset Turnover, Sector | ||||||
| Automobiles & Components | 3.41 | 3.48 | 3.53 | 3.02 | 2.93 | |
| Net Fixed Asset Turnover, Industry | ||||||
| Consumer Discretionary | 3.22 | 3.50 | 3.47 | 3.31 | 3.37 | |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Net fixed asset turnover = Revenues ÷ Property, plant and equipment, net
= 97,690 ÷ 35,836 = 2.73
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 deteriorated from 2022 to 2023 and from 2023 to 2024. |
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, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Revenues | 97,690) | 96,773) | 81,462) | 53,823) | 31,536) | |
| Property, plant and equipment, net | 35,836) | 29,725) | 23,548) | 18,884) | 12,747) | |
| Operating lease right-of-use assets | 5,160) | 4,180) | 2,563) | 2,016) | 1,558) | |
| Property, plant and equipment, net (including operating lease, right-of-use asset) | 40,996) | 33,905) | 26,111) | 20,900) | 14,305) | |
| Long-term Activity Ratio | ||||||
| Net fixed asset turnover (including operating lease, right-of-use asset)1 | 2.38 | 2.85 | 3.12 | 2.58 | 2.20 | |
| Benchmarks | ||||||
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Competitors2 | ||||||
| Ford Motor Co. | 3.90 | 3.89 | 3.85 | 3.28 | 3.02 | |
| General Motors Co. | 3.25 | 3.07 | 3.11 | 2.69 | 2.81 | |
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Sector | ||||||
| Automobiles & Components | 3.20 | 3.29 | 3.37 | 2.89 | 2.81 | |
| Net Fixed Asset Turnover (including Operating Lease, Right-of-Use Asset), Industry | ||||||
| Consumer Discretionary | 2.51 | 2.68 | 2.66 | 2.51 | 2.57 | |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 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)
= 97,690 ÷ 40,996 = 2.38
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) deteriorated from 2022 to 2023 and from 2023 to 2024. |
Total Asset Turnover
Tesla Inc., total asset turnover calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Revenues | 97,690) | 96,773) | 81,462) | 53,823) | 31,536) | |
| Total assets | 122,070) | 106,618) | 82,338) | 62,131) | 52,148) | |
| Long-term Activity Ratio | ||||||
| Total asset turnover1 | 0.80 | 0.91 | 0.99 | 0.87 | 0.60 | |
| Benchmarks | ||||||
| Total Asset Turnover, Competitors2 | ||||||
| Ford Motor Co. | 0.61 | 0.61 | 0.58 | 0.49 | 0.43 | |
| General Motors Co. | 0.61 | 0.58 | 0.55 | 0.46 | 0.46 | |
| Total Asset Turnover, Sector | ||||||
| Automobiles & Components | 0.64 | 0.64 | 0.62 | 0.52 | 0.46 | |
| Total Asset Turnover, Industry | ||||||
| Consumer Discretionary | 0.94 | 0.97 | 0.96 | 0.88 | 0.84 | |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Total asset turnover = Revenues ÷ Total assets
= 97,690 ÷ 122,070 = 0.80
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 deteriorated from 2022 to 2023 and from 2023 to 2024. |
Equity Turnover
Tesla Inc., equity turnover calculation, comparison to benchmarks
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Revenues | 97,690) | 96,773) | 81,462) | 53,823) | 31,536) | |
| Stockholders’ equity | 72,913) | 62,634) | 44,704) | 30,189) | 22,225) | |
| Long-term Activity Ratio | ||||||
| Equity turnover1 | 1.34 | 1.55 | 1.82 | 1.78 | 1.42 | |
| Benchmarks | ||||||
| Equity Turnover, Competitors2 | ||||||
| Ford Motor Co. | 3.85 | 3.88 | 3.45 | 2.60 | 3.78 | |
| General Motors Co. | 2.72 | 2.45 | 2.12 | 1.90 | 2.41 | |
| Equity Turnover, Sector | ||||||
| Automobiles & Components | 2.44 | 2.48 | 2.40 | 2.12 | 2.62 | |
| Equity Turnover, Industry | ||||||
| Consumer Discretionary | 3.24 | 3.86 | 4.21 | 3.74 | 4.82 | |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Equity turnover = Revenues ÷ Stockholders’ equity
= 97,690 ÷ 72,913 = 1.34
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 deteriorated from 2022 to 2023 and from 2023 to 2024. |