Analysis of Short-term (Operating) Activity Ratios
Quarterly Data
Activity ratios measure how efficiently a company performs day-to-day tasks, such us the collection of receivables and management of inventory.
Short-term Activity Ratios (Summary)
Tesla Inc., short-term (operating) activity ratios (quarterly data)
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)
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)
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)
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)
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)
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)
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
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)
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 | ||||||||
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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
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 + 23 – 81 = 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. |