Stock Analysis on Net
Stock Analysis on Net

Tesla Inc. (NASDAQ:TSLA)

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

Beginner level

Short-term Activity Ratios (Summary)

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

Microsoft Excel LibreOffice Calc
Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Turnover Ratios
Inventory turnover 5.27 5.13 4.74 5.77 5.67 6.06 4.81 5.59 4.37 3.53 4.08 4.21 3.45 3.14 2.94 2.61 2.83 2.23 2.56 2.44
Receivables turnover 16.04 17.31 20.43 18.56 21.65 21.74 21.58 22.61 15.17 24.01 19.10 22.82 17.70 22.20 19.41 14.02 18.14 25.58 13.37 23.95
Payables turnover 4.48 5.67 5.36 5.44 5.85 6.54 5.68 5.12 4.03 3.87 4.02 3.99 3.58 3.25 3.15 2.90 2.83 3.22 3.29 3.41
Working capital turnover 3.34 8.38 8.95 17.12 30.76 42.05 17.93 10.93 16.17 5.44 3.18 82.04
Average No. Days
Average inventory processing period 69 71 77 63 64 60 76 65 84 104 90 87 106 116 124 140 129 164 142 149
Add: Average receivable collection period 23 21 18 20 17 17 17 16 24 15 19 16 21 16 19 26 20 14 27 15
Operating cycle 92 92 95 83 81 77 93 81 108 119 109 103 127 132 143 166 149 178 169 164
Less: Average payables payment period 81 64 68 67 62 56 64 71 91 94 91 91 102 112 116 126 129 113 111 107
Cash conversion cycle 11 28 27 16 19 21 29 10 17 25 18 12 25 20 27 40 20 65 58 57

Based on: 10-Q (filing date: 2020-10-26), 10-Q (filing date: 2020-07-28), 10-Q (filing date: 2020-04-30), 10-K (filing date: 2020-02-13), 10-Q (filing date: 2019-10-29), 10-Q (filing date: 2019-07-29), 10-Q (filing date: 2019-04-29), 10-K (filing date: 2019-02-19), 10-Q (filing date: 2018-11-02), 10-Q (filing date: 2018-08-06), 10-Q (filing date: 2018-05-07), 10-K (filing date: 2018-02-23), 10-Q (filing date: 2017-11-03), 10-Q (filing date: 2017-08-04), 10-Q (filing date: 2017-05-10), 10-K (filing date: 2017-03-01), 10-Q (filing date: 2016-11-02), 10-Q (filing date: 2016-08-05), 10-Q (filing date: 2016-05-10), 10-K (filing date: 2016-02-24), 10-Q (filing date: 2015-11-05), 10-Q (filing date: 2015-08-07), 10-Q (filing date: 2015-05-11).

Short-term activity ratio Description The company
Inventory turnover An activity ratio calculated as cost of goods sold divided by inventory. Tesla Inc.’s inventory turnover ratio improved from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020.
Receivables turnover An activity ratio equal to revenue divided by receivables. Tesla Inc.’s receivables turnover ratio deteriorated from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020.
Payables turnover An activity ratio calculated as cost of goods sold divided by payables. Tesla Inc.’s payables turnover ratio increased from Q1 2020 to Q2 2020 but then decreased significantly from Q2 2020 to Q3 2020.
Working capital turnover An activity ratio calculated as revenue divided by working capital. Tesla Inc.’s working capital turnover ratio deteriorated from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020.

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.’s number of days of inventory outstanding improved from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020.
Average receivable collection period An activity ratio equal to the number of days in the period divided by receivables turnover. Tesla Inc.’s number of days of receivables outstanding deteriorated from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020.
Operating cycle Equal to average inventory processing period plus average receivables collection period.
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.’s number of days of payables outstanding decreased from Q1 2020 to Q2 2020 but then increased from Q2 2020 to Q3 2020 exceeding Q1 2020 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.’s cash conversion cycle deteriorated from Q1 2020 to Q2 2020 but then improved from Q2 2020 to Q3 2020 exceeding Q1 2020 level.

Inventory Turnover

Tesla Inc., inventory turnover calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data (US$ in millions)
Cost of revenues 6,708  4,769  4,751  5,993  5,112  5,429  3,976  5,783  5,301  3,383  2,952  2,849  2,536  2,123  2,028  1,849  1,662  995  895  996  705  742  680 
Inventory 4,218  4,018  4,494  3,552  3,581  3,382  3,837  3,113  3,314  3,325  2,566  2,264  2,471  2,438  2,220  2,067  1,605  1,610  1,302  1,278  1,294  1,212  1,055 
Short-term Activity Ratio
Inventory turnover1 5.27 5.13 4.74 5.77 5.67 6.06 4.81 5.59 4.37 3.53 4.08 4.21 3.45 3.14 2.94 2.61 2.83 2.23 2.56 2.44
Benchmarks
Inventory Turnover, Competitors2
General Motors Co. 8.53 9.17 10.11 10.64 9.88 10.22 10.69 12.29 10.43 10.72 10.06 10.77 10.35 11.54 9.23 9.89 8.61 8.66 8.11 9.32

Based on: 10-Q (filing date: 2020-10-26), 10-Q (filing date: 2020-07-28), 10-Q (filing date: 2020-04-30), 10-K (filing date: 2020-02-13), 10-Q (filing date: 2019-10-29), 10-Q (filing date: 2019-07-29), 10-Q (filing date: 2019-04-29), 10-K (filing date: 2019-02-19), 10-Q (filing date: 2018-11-02), 10-Q (filing date: 2018-08-06), 10-Q (filing date: 2018-05-07), 10-K (filing date: 2018-02-23), 10-Q (filing date: 2017-11-03), 10-Q (filing date: 2017-08-04), 10-Q (filing date: 2017-05-10), 10-K (filing date: 2017-03-01), 10-Q (filing date: 2016-11-02), 10-Q (filing date: 2016-08-05), 10-Q (filing date: 2016-05-10), 10-K (filing date: 2016-02-24), 10-Q (filing date: 2015-11-05), 10-Q (filing date: 2015-08-07), 10-Q (filing date: 2015-05-11).

1 Q3 2020 Calculation
Inventory turnover = (Cost of revenuesQ3 2020 + Cost of revenuesQ2 2020 + Cost of revenuesQ1 2020 + Cost of revenuesQ4 2019) ÷ Inventory
= (6,708 + 4,769 + 4,751 + 5,993) ÷ 4,218 = 5.27

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.’s inventory turnover ratio improved from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020.

Receivables Turnover

Tesla Inc., receivables turnover calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data (US$ in millions)
Revenues 8,771  6,036  5,985  7,384  6,303  6,350  4,541  7,226  6,824  4,002  3,409  3,288  2,985  2,790  2,696  2,285  2,298  1,270  1,147  1,214  937  955  940 
Accounts receivable, net 1,757  1,485  1,274  1,324  1,128  1,147  1,047  949  1,155  570  653  515  608  454  440  499  327  179  318  169  120  139  200 
Short-term Activity Ratio
Receivables turnover1 16.04 17.31 20.43 18.56 21.65 21.74 21.58 22.61 15.17 24.01 19.10 22.82 17.70 22.20 19.41 14.02 18.14 25.58 13.37 23.95
Benchmarks
Receivables Turnover, Competitors2
General Motors Co. 10.24 12.78 16.00 18.05 18.82 12.62 10.86 20.32 12.79 13.55 12.22 16.35 14.00 15.32 14.33 16.27 14.28 14.36 16.33 17.50

Based on: 10-Q (filing date: 2020-10-26), 10-Q (filing date: 2020-07-28), 10-Q (filing date: 2020-04-30), 10-K (filing date: 2020-02-13), 10-Q (filing date: 2019-10-29), 10-Q (filing date: 2019-07-29), 10-Q (filing date: 2019-04-29), 10-K (filing date: 2019-02-19), 10-Q (filing date: 2018-11-02), 10-Q (filing date: 2018-08-06), 10-Q (filing date: 2018-05-07), 10-K (filing date: 2018-02-23), 10-Q (filing date: 2017-11-03), 10-Q (filing date: 2017-08-04), 10-Q (filing date: 2017-05-10), 10-K (filing date: 2017-03-01), 10-Q (filing date: 2016-11-02), 10-Q (filing date: 2016-08-05), 10-Q (filing date: 2016-05-10), 10-K (filing date: 2016-02-24), 10-Q (filing date: 2015-11-05), 10-Q (filing date: 2015-08-07), 10-Q (filing date: 2015-05-11).

1 Q3 2020 Calculation
Receivables turnover = (RevenuesQ3 2020 + RevenuesQ2 2020 + RevenuesQ1 2020 + RevenuesQ4 2019) ÷ Accounts receivable, net
= (8,771 + 6,036 + 5,985 + 7,384) ÷ 1,757 = 16.04

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.’s receivables turnover ratio deteriorated from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020.

Payables Turnover

Tesla Inc., payables turnover calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data (US$ in millions)
Cost of revenues 6,708  4,769  4,751  5,993  5,112  5,429  3,976  5,783  5,301  3,383  2,952  2,849  2,536  2,123  2,028  1,849  1,662  995  895  996  705  742  680 
Accounts payable 4,958  3,638  3,970  3,771  3,468  3,134  3,249  3,404  3,597  3,030  2,603  2,390  2,386  2,359  2,075  1,860  1,606  1,115  1,013  916  825  772  732 
Short-term Activity Ratio
Payables turnover1 4.48 5.67 5.36 5.44 5.85 6.54 5.68 5.12 4.03 3.87 4.02 3.99 3.58 3.25 3.15 2.90 2.83 3.22 3.29 3.41
Benchmarks
Payables Turnover, Competitors2
General Motors Co. 4.46 6.22 5.45 5.26 5.45 5.15 4.83 5.41 4.70 4.71 4.43 4.80 5.24 5.57 4.72 5.06 4.64 4.82 4.79 5.33

Based on: 10-Q (filing date: 2020-10-26), 10-Q (filing date: 2020-07-28), 10-Q (filing date: 2020-04-30), 10-K (filing date: 2020-02-13), 10-Q (filing date: 2019-10-29), 10-Q (filing date: 2019-07-29), 10-Q (filing date: 2019-04-29), 10-K (filing date: 2019-02-19), 10-Q (filing date: 2018-11-02), 10-Q (filing date: 2018-08-06), 10-Q (filing date: 2018-05-07), 10-K (filing date: 2018-02-23), 10-Q (filing date: 2017-11-03), 10-Q (filing date: 2017-08-04), 10-Q (filing date: 2017-05-10), 10-K (filing date: 2017-03-01), 10-Q (filing date: 2016-11-02), 10-Q (filing date: 2016-08-05), 10-Q (filing date: 2016-05-10), 10-K (filing date: 2016-02-24), 10-Q (filing date: 2015-11-05), 10-Q (filing date: 2015-08-07), 10-Q (filing date: 2015-05-11).

1 Q3 2020 Calculation
Payables turnover = (Cost of revenuesQ3 2020 + Cost of revenuesQ2 2020 + Cost of revenuesQ1 2020 + Cost of revenuesQ4 2019) ÷ Accounts payable
= (6,708 + 4,769 + 4,751 + 5,993) ÷ 4,958 = 4.48

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.’s payables turnover ratio increased from Q1 2020 to Q2 2020 but then decreased significantly from Q2 2020 to Q3 2020.

Working Capital Turnover

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

Microsoft Excel LibreOffice Calc
Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data (US$ in millions)
Current assets 21,744  15,336  14,893  12,103  10,940  10,182  7,678  8,306  7,920  6,700  6,384  6,571  7,069  6,359  7,028  6,260  5,172  5,204  3,240  2,792  2,999  2,629  2,921 
Less: Current liabilities 13,302  12,270  11,986  10,667  10,146  9,589  9,243  9,992  9,775  9,141  8,650  7,675  6,469  6,546  6,245  5,827  4,082  3,766  3,188  2,816  2,554  2,384  2,192 
Working capital 8,442  3,066  2,907  1,436  794  593  (1,565) (1,686) (1,855) (2,442) (2,266) (1,104) 600  (187) 782  433  1,090  1,437  52  (25) 445  244  729 
 
Revenues 8,771  6,036  5,985  7,384  6,303  6,350  4,541  7,226  6,824  4,002  3,409  3,288  2,985  2,790  2,696  2,285  2,298  1,270  1,147  1,214  937  955  940 
Short-term Activity Ratio
Working capital turnover1 3.34 8.38 8.95 17.12 30.76 42.05 17.93 10.93 16.17 5.44 3.18 82.04
Benchmarks
Working Capital Turnover, Competitors2
General Motors Co. 11.87 10.58 18.82 22.31

Based on: 10-Q (filing date: 2020-10-26), 10-Q (filing date: 2020-07-28), 10-Q (filing date: 2020-04-30), 10-K (filing date: 2020-02-13), 10-Q (filing date: 2019-10-29), 10-Q (filing date: 2019-07-29), 10-Q (filing date: 2019-04-29), 10-K (filing date: 2019-02-19), 10-Q (filing date: 2018-11-02), 10-Q (filing date: 2018-08-06), 10-Q (filing date: 2018-05-07), 10-K (filing date: 2018-02-23), 10-Q (filing date: 2017-11-03), 10-Q (filing date: 2017-08-04), 10-Q (filing date: 2017-05-10), 10-K (filing date: 2017-03-01), 10-Q (filing date: 2016-11-02), 10-Q (filing date: 2016-08-05), 10-Q (filing date: 2016-05-10), 10-K (filing date: 2016-02-24), 10-Q (filing date: 2015-11-05), 10-Q (filing date: 2015-08-07), 10-Q (filing date: 2015-05-11).

1 Q3 2020 Calculation
Working capital turnover = (RevenuesQ3 2020 + RevenuesQ2 2020 + RevenuesQ1 2020 + RevenuesQ4 2019) ÷ Working capital
= (8,771 + 6,036 + 5,985 + 7,384) ÷ 8,442 = 3.34

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.’s working capital turnover ratio deteriorated from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020.

Average Inventory Processing Period

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

Microsoft Excel LibreOffice Calc
Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data
Inventory turnover 5.27 5.13 4.74 5.77 5.67 6.06 4.81 5.59 4.37 3.53 4.08 4.21 3.45 3.14 2.94 2.61 2.83 2.23 2.56 2.44
Short-term Activity Ratio (no. days)
Average inventory processing period1 69 71 77 63 64 60 76 65 84 104 90 87 106 116 124 140 129 164 142 149
Benchmarks (no. days)
Average Inventory Processing Period, Competitors2
General Motors Co. 43 40 36 34 37 36 34 30 35 34 36 34 35 32 40 37 42 42 45 39

Based on: 10-Q (filing date: 2020-10-26), 10-Q (filing date: 2020-07-28), 10-Q (filing date: 2020-04-30), 10-K (filing date: 2020-02-13), 10-Q (filing date: 2019-10-29), 10-Q (filing date: 2019-07-29), 10-Q (filing date: 2019-04-29), 10-K (filing date: 2019-02-19), 10-Q (filing date: 2018-11-02), 10-Q (filing date: 2018-08-06), 10-Q (filing date: 2018-05-07), 10-K (filing date: 2018-02-23), 10-Q (filing date: 2017-11-03), 10-Q (filing date: 2017-08-04), 10-Q (filing date: 2017-05-10), 10-K (filing date: 2017-03-01), 10-Q (filing date: 2016-11-02), 10-Q (filing date: 2016-08-05), 10-Q (filing date: 2016-05-10), 10-K (filing date: 2016-02-24), 10-Q (filing date: 2015-11-05), 10-Q (filing date: 2015-08-07), 10-Q (filing date: 2015-05-11).

1 Q3 2020 Calculation
Average inventory processing period = 365 ÷ Inventory turnover
= 365 ÷ 5.27 = 69

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.’s number of days of inventory outstanding improved from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020.

Average Receivable Collection Period

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

Microsoft Excel LibreOffice Calc
Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data
Receivables turnover 16.04 17.31 20.43 18.56 21.65 21.74 21.58 22.61 15.17 24.01 19.10 22.82 17.70 22.20 19.41 14.02 18.14 25.58 13.37 23.95
Short-term Activity Ratio (no. days)
Average receivable collection period1 23 21 18 20 17 17 17 16 24 15 19 16 21 16 19 26 20 14 27 15
Benchmarks (no. days)
Average Receivable Collection Period, Competitors2
General Motors Co. 36 29 23 20 19 29 34 18 29 27 30 22 26 24 25 22 26 25 22 21

Based on: 10-Q (filing date: 2020-10-26), 10-Q (filing date: 2020-07-28), 10-Q (filing date: 2020-04-30), 10-K (filing date: 2020-02-13), 10-Q (filing date: 2019-10-29), 10-Q (filing date: 2019-07-29), 10-Q (filing date: 2019-04-29), 10-K (filing date: 2019-02-19), 10-Q (filing date: 2018-11-02), 10-Q (filing date: 2018-08-06), 10-Q (filing date: 2018-05-07), 10-K (filing date: 2018-02-23), 10-Q (filing date: 2017-11-03), 10-Q (filing date: 2017-08-04), 10-Q (filing date: 2017-05-10), 10-K (filing date: 2017-03-01), 10-Q (filing date: 2016-11-02), 10-Q (filing date: 2016-08-05), 10-Q (filing date: 2016-05-10), 10-K (filing date: 2016-02-24), 10-Q (filing date: 2015-11-05), 10-Q (filing date: 2015-08-07), 10-Q (filing date: 2015-05-11).

1 Q3 2020 Calculation
Average receivable collection period = 365 ÷ Receivables turnover
= 365 ÷ 16.04 = 23

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.’s number of days of receivables outstanding deteriorated from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020.

Operating Cycle

Tesla Inc., operating cycle calculation (quarterly data)

No. days

Microsoft Excel LibreOffice Calc
Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data
Average inventory processing period 69 71 77 63 64 60 76 65 84 104 90 87 106 116 124 140 129 164 142 149
Average receivable collection period 23 21 18 20 17 17 17 16 24 15 19 16 21 16 19 26 20 14 27 15
Short-term Activity Ratio
Operating cycle1 92 92 95 83 81 77 93 81 108 119 109 103 127 132 143 166 149 178 169 164
Benchmarks
Operating Cycle, Competitors2
General Motors Co. 79 69 59 54 56 65 68 48 64 61 66 56 61 56 65 59 68 67 67 60

Based on: 10-Q (filing date: 2020-10-26), 10-Q (filing date: 2020-07-28), 10-Q (filing date: 2020-04-30), 10-K (filing date: 2020-02-13), 10-Q (filing date: 2019-10-29), 10-Q (filing date: 2019-07-29), 10-Q (filing date: 2019-04-29), 10-K (filing date: 2019-02-19), 10-Q (filing date: 2018-11-02), 10-Q (filing date: 2018-08-06), 10-Q (filing date: 2018-05-07), 10-K (filing date: 2018-02-23), 10-Q (filing date: 2017-11-03), 10-Q (filing date: 2017-08-04), 10-Q (filing date: 2017-05-10), 10-K (filing date: 2017-03-01), 10-Q (filing date: 2016-11-02), 10-Q (filing date: 2016-08-05), 10-Q (filing date: 2016-05-10), 10-K (filing date: 2016-02-24), 10-Q (filing date: 2015-11-05), 10-Q (filing date: 2015-08-07), 10-Q (filing date: 2015-05-11).

1 Q3 2020 Calculation
Operating cycle = Average inventory processing period + Average receivable collection period
= 69 + 23 = 92

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.

Average Payables Payment Period

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

Microsoft Excel LibreOffice Calc
Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data
Payables turnover 4.48 5.67 5.36 5.44 5.85 6.54 5.68 5.12 4.03 3.87 4.02 3.99 3.58 3.25 3.15 2.90 2.83 3.22 3.29 3.41
Short-term Activity Ratio (no. days)
Average payables payment period1 81 64 68 67 62 56 64 71 91 94 91 91 102 112 116 126 129 113 111 107
Benchmarks (no. days)
Average Payables Payment Period, Competitors2
General Motors Co. 82 59 67 69 67 71 76 67 78 77 82 76 70 66 77 72 79 76 76 68

Based on: 10-Q (filing date: 2020-10-26), 10-Q (filing date: 2020-07-28), 10-Q (filing date: 2020-04-30), 10-K (filing date: 2020-02-13), 10-Q (filing date: 2019-10-29), 10-Q (filing date: 2019-07-29), 10-Q (filing date: 2019-04-29), 10-K (filing date: 2019-02-19), 10-Q (filing date: 2018-11-02), 10-Q (filing date: 2018-08-06), 10-Q (filing date: 2018-05-07), 10-K (filing date: 2018-02-23), 10-Q (filing date: 2017-11-03), 10-Q (filing date: 2017-08-04), 10-Q (filing date: 2017-05-10), 10-K (filing date: 2017-03-01), 10-Q (filing date: 2016-11-02), 10-Q (filing date: 2016-08-05), 10-Q (filing date: 2016-05-10), 10-K (filing date: 2016-02-24), 10-Q (filing date: 2015-11-05), 10-Q (filing date: 2015-08-07), 10-Q (filing date: 2015-05-11).

1 Q3 2020 Calculation
Average payables payment period = 365 ÷ Payables turnover
= 365 ÷ 4.48 = 81

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.’s number of days of payables outstanding decreased from Q1 2020 to Q2 2020 but then increased from Q2 2020 to Q3 2020 exceeding Q1 2020 level.

Cash Conversion Cycle

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

No. days

Microsoft Excel LibreOffice Calc
Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Selected Financial Data
Average inventory processing period 69 71 77 63 64 60 76 65 84 104 90 87 106 116 124 140 129 164 142 149
Average receivable collection period 23 21 18 20 17 17 17 16 24 15 19 16 21 16 19 26 20 14 27 15
Average payables payment period 81 64 68 67 62 56 64 71 91 94 91 91 102 112 116 126 129 113 111 107
Short-term Activity Ratio
Cash conversion cycle1 11 28 27 16 19 21 29 10 17 25 18 12 25 20 27 40 20 65 58 57
Benchmarks
Cash Conversion Cycle, Competitors2
General Motors Co. -3 10 -8 -15 -11 -6 -8 -19 -14 -16 -16 -20 -9 -10 -12 -13 -11 -9 -9 -8

Based on: 10-Q (filing date: 2020-10-26), 10-Q (filing date: 2020-07-28), 10-Q (filing date: 2020-04-30), 10-K (filing date: 2020-02-13), 10-Q (filing date: 2019-10-29), 10-Q (filing date: 2019-07-29), 10-Q (filing date: 2019-04-29), 10-K (filing date: 2019-02-19), 10-Q (filing date: 2018-11-02), 10-Q (filing date: 2018-08-06), 10-Q (filing date: 2018-05-07), 10-K (filing date: 2018-02-23), 10-Q (filing date: 2017-11-03), 10-Q (filing date: 2017-08-04), 10-Q (filing date: 2017-05-10), 10-K (filing date: 2017-03-01), 10-Q (filing date: 2016-11-02), 10-Q (filing date: 2016-08-05), 10-Q (filing date: 2016-05-10), 10-K (filing date: 2016-02-24), 10-Q (filing date: 2015-11-05), 10-Q (filing date: 2015-08-07), 10-Q (filing date: 2015-05-11).

1 Q3 2020 Calculation
Cash conversion cycle = Average inventory processing period + Average receivable collection period – Average payables payment period
= 69 + 2381 = 11

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.’s cash conversion cycle deteriorated from Q1 2020 to Q2 2020 but then improved from Q2 2020 to Q3 2020 exceeding Q1 2020 level.