Tesla inventory turnover ratio 2019. It is calculated as cost of goods sold divided by total inventories. The ratio shows that tesla has been quite efficient in managing its finished goods inventory throughout the period. Teslas operated at median inventory turnover of 44x from fiscal years ending december 2015 to 2019.
Current ratio can be defined as a liquidity ratio that measures a companys ability to pay short term obligations. Inventory turnover ratio can be defined as a ratio showing how many times a companys inventory is sold and replaced over a period. The asset turnover ratio is an indicator of the efficiency with which a company is deploying its assets.
Teslas inventory turnover for fiscal years ending december 2015 to 2019 averaged 46x. View tsla financial statements in full. Tsla had inventory turnover of 577for the most recently reported fiscal year ending 2019 12 31.
Tsla inventory turnover ratio comment tesla inc s inventory turnover ratio sequentially decreased to 527 in the second quarter 2020 but remained above company average. 2020 was 4256 mil. Teslas cost of goods sold for the three months ended in jun.
Tesla current ratio for the three months ending june 30 2020 was 125. 2020 was 4769 mil. Current and historical inventory turnover ratio for tesla tsla from 2009 to 2020.
Tsla had asset turnover of 072for the most recently reported fiscal year ending 2019 12 31. During 2019 teslas finished goods inventory came down steadily when it hit the 65 level in 1q19 and bounced off the low at 50 in 1q20. Tesla inc s average inventory processing period in the dec 31 2019 quarter has increased to 64 days from 63 days in the sep 30 2019 quarter.
Looking back at the last five years teslas inventory turnover peaked in december 2018 at 65x. Teslas latest twelve months inventory turnover is 62x. Tesla inc s inventory turnover ratio sequentially decreased to 572 in the forth quarter 2019 but remained above company average.
Teslas inventory turnover for the quarter that ended in jun. Inventory turnover annual inventory turnovera ratio showing how many times a companys inventory is sold and replaced over a period. Cost of goods sold total inventory.
Compare tsla with other stocks. 2020 was 112. Designs develops manufactures and sells electric vehicles and stationary energy storage products.
Tesla inc s average inventory processing period in the jun 30 2020 quarter has increased to 69 days from 64 days in the mar 31 2020 quarter. Current and historical current ratio for tesla tsla from 2009 to 2020.