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Tesla Inc   (TSLA)
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Tesla Inc Inventory Turnover Ratio (COS)

Cost of Sales Formula, Quarterly Results, Trends, Rankings, Statistics

Due to inventory build up in the first quarter 2024, Tesla Inc 's inventory turnover ratio sequentially decreased to 5.4 in the first quarter 2024, otherwise the ratio remained above the average, as TSLA's markets remain strong.Tesla Inc 's average inventory processing period in the Mar 31 2024 quarter, has increased to 68 days, from 65 days, in the Dec 31 2023 quarter.

Within Consumer Discretionary sector 29 other companies have achieved higher inventory turnover ratio. While in terms of ranking among all other companies, the company has moved form 32 in the forth quarter 2023, to 35.

TSLA Inventory Turnover Ratio using Sales Formula
What is Inventory Turnover Ratio?
What is Tesla Inc Market Share?

What is Inventory Turnover Ratio?


TSLA Inventory Turnover Ratio (Mar 31 2024)
I. Quarter
(Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
Y / Y Inventory Growth 11.53 % 6.13 % 32.87 % 77.06 % 114.84 %
Y / Y Cost of Sales Growth -6.45 % 11.8 % 19.29 % 60.58 % 41.53 %
Inventory Turnover Ratio (TTM) 5.4 5.64 5.57 5.69 5.79
TSLA's Total Ranking # 35 # 32 # 42 # 530 # 530
Average inventory processing period 68 65 66 64 63
Seq. Inventory Growth 17.66 % -0.69 % -4.42 % -0.13 % 11.96 %
Seq. Cost of Sales Growth -15.07 % 8.12 % -5.99 % 8.37 % 1.49 %



Inventory Turnover Ratio Company Ranking
Within: No.
EV, Auto & Truck Manufacturers Industry # 3
Consumer Discretionary Sector # 30
Overall Market # 35

Inventory Turnover Ratio Statistics
High Average Low
8.12 5.03 1.91
(Dec 31 2021)   (Sep. 30, 2015)




Financial Statements
Tesla Inc 's Inventories $ 16,033 Millions Visit TSLA's Balance sheet
Tesla Inc 's Cost of Revenues TTM $ 77,900 Millions Visit TSLA's Income Statement
What are TSLA's Sales? Visit TSLA's Sales by Segment

Other Inventory Turnover Ratios
Tesla Inc 's Inventory to Sales Ratio
U.S. Durable Goods Inventory to Shipment Ratio By Product
EV, Auto & Truck Manufacturers Industry Inventory Turnover Trends and Statistics
Consumer Discretionary Sector Inventory Turnover Statistics
Inventory Turnover Trends for overall market
TSLA's Inventory Turnover Ratio versus EV, Auto & Truck Manufacturers Industry, Consumer Discretionary Sector and total Market
Highest Ranking Inventory Turnover
Lowest Ranking Inventory Turnover
Inventory Turnover for TSLA's Competitors
Inventory Turnover Ratio for TSLA's Suppliers
Inventory Turnover Ratio for TSLA's Customers

You may also want to know
TSLA's Sales Growth Rates TSLA's Pe Price to earnings ratio TSLA's Receivables Turnover Ratio TSLA's Stock Quote
TSLA's Net Income Growth Rates TSLA's Ps Price to Sales ratio TSLA's Sales per Employee TSLA's Asset Turnover Ratio
TSLA's Net Margin TSLA's Pb Price to Book ratio TSLA's Financial Strength Ratios TSLA's Dividend Payout Ratio



Companies with similar Inventory Turnover Ratio for the quarter ending Mar 31 2024, within Consumer Discretionary Sector Inventory Turnover Ratio Cost of revenues at quarter ending Mar 31 2024 Inventories at quarter ending Mar 31 2024
Lear Corp  12.56 $ 21,937.500  Millions$ 1,746  Millions
Skyx Platforms Corp   12.18 $ 52.999  Millions$ 4  Millions
American Axle and Manufacturing Holdings Inc  11.66 $ 5,529.700  Millions$ 474  Millions
Garrett Motion Inc   10.84 $ 3,092.000  Millions$ 285  Millions
Visteon Corp  10.64 $ 3,424.000  Millions$ 322  Millions
Graybar Electric Company Inc   9.90 $ 8,877.600  Millions$ 897  Millions
Cheetah Net Supply Chain Service inc   9.48 $ 33.228  Millions$ 4  Millions
Luminar Technologies Inc   8.77 $ 143.867  Millions$ 16  Millions
Masterbrand Inc   8.31 $ 2,258.200  Millions$ 272  Millions
Jakks Pacific Inc   8.26 $ 480.953  Millions$ 58  Millions
General Motors Company  8.22 $ 143,079.000  Millions$ 17,412  Millions
Cintas Corporation  7.89 $ 3,808.711  Millions$ 483  Millions
Otis Worldwide Corporation  7.80 $ 4,812.000  Millions$ 617  Millions
Borgwarner Inc   7.65 $ 11,151.000  Millions$ 1,459  Millions
Aptiv Plc  6.94 $ 16,577.000  Millions$ 2,387  Millions
Whirlpool Corp  6.84 $ 16,247.000  Millions$ 2,375  Millions
Sleep Number Corporation  6.84 $ 776.000  Millions$ 114  Millions
Phinia Inc   6.82 $ 3,447.000  Millions$ 506  Millions
Shyft Group Inc   6.52 $ 683.485  Millions$ 105  Millions
Commercial Vehicle Group Inc   6.50 $ 837.500  Millions$ 129  Millions
Atmus Filtration Technologies Inc   5.97 $ 1,498.500  Millions$ 251  Millions
Dana Inc   5.77 $ 9,731.000  Millions$ 1,686  Millions
Steven Madden Ltd   5.72 $ 1,207.992  Millions$ 211  Millions
Acuity Brands Inc   5.61 $ 2,119.700  Millions$ 378  Millions
Novo Integrated Sciences Inc   5.61 $ 5.978  Millions$ 1  Millions
Tempur Sealy International Inc   5.56 $ 2,763.800  Millions$ 497  Millions
Modine Manufacturing Co  5.56 $ 1,882.000  Millions$ 339  Millions
Tesla Inc   5.40 $ 77,900.000  Millions$ 14,434  Millions
Lsi Industries Inc   5.29 $ 326.772  Millions$ 62  Millions
Carter s Inc   5.22 $ 3,019.096  Millions$ 578  Millions

Date modified: 2024-04-24T15:49:27+00:00



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