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GuruFocus has detected 6 Warning Signs with Tesla Inc $TSLA.
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Tesla Inc (NAS:TSLA)
Days Inventory
90.59 (As of Dec. 2016)

Tesla Inc's average inventory for the three months ended in Dec. 2016 was $1,836 Mil. Tesla Inc's cost of goods sold for the three months ended in Dec. 2016 was $1,849 Mil. Hence, Tesla Inc's days inventory for the three months ended in Dec. 2016 was 90.59.

TSLA' s Days Inventory Range Over the Past 10 Years
Min: 71.06   Max: 85491.11
Current: 106.26

71.06
85491.11

During the past 10 years, Tesla Inc's highest Days Inventory was 85491.11. The lowest was 71.06. And the median was 126.15.

TSLA's Days Inventory is ranked lower than
81% of the 1104 Companies
in the Global Auto Manufacturers industry.

( Industry Median: 54.98 vs. TSLA: 106.26 )

Tesla Inc's days inventory declined from Dec. 2015 (117.82) to Dec. 2016 (90.59).

Inventory can be measured by Days Sales of Inventory (DSI). Tesla Inc's days sales of inventory (DSI) for the three months ended in Dec. 2016 was 73.33.

Inventory turnover measures how fast the company turns over its inventory within a year. Tesla Inc's inventory turnover for the three months ended in Dec. 2016 was 1.01.

Inventory to revenue ratio determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Tesla Inc's inventory to revenue ratio for the three months ended in Dec. 2016 was 0.80.


Definition

Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Tesla Inc's Days Inventory for the fiscal year that ended in Dec. 2016 is calculated as

Days Inventory (A: Dec. 2016 )
=Average Inventory / COGS*Days in Period
=( (Inventory (A: Dec. 2015 ) + Inventory (A: Dec. 2016 )) / 2 ) / COGS (A: Dec. 2016 )*Days in Period
=( (1277.838 + 2067.454) / 2 ) / 5400.875*365
=1672.646 / 5400.875*365
=113.04

Tesla Inc's Days Inventory for the quarter that ended in Dec. 2016 is calculated as:

Days Inventory (Q: Dec. 2016 )
=Average Inventory / COGS*Days in Period
=( (Inventory (Q: Sep. 2016 ) + Inventory (Q: Dec. 2016 )) / 2 ) / COGS (Q: Dec. 2016 )*Days in Period
=( (1604.571 + 2067.454) / 2 ) / 1849.353*365 / 4
=1836.0125 / 1849.353*365 / 4
=90.59

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Explanation

An increase of Days Inventory may indicate the company's sales slowed.

1. Inventory can be measured by Days Sales of Inventory (DSI).

Tesla Inc's Days Sales of Inventory for the three months ended in Dec. 2016 is calculated as

Days Sales of Inventory (DSI)=Average Inventory/Revenue*Days in Period
=1836.0125/2284.631*365 / 4
=73.33

2. Inventory Turnover measures how fast the company turns over its inventory within a year.

Tesla Inc's Inventory Turnover for the three months ended in Dec. 2016 is calculated as

3. Inventory to Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Tesla Inc's Inventory to Revenue for the three months ended in Dec. 2016 is calculated as

Inventory to Revenue=Average Inventory / Revenue
=1836.0125 / 2284.631
=0.80

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Be Aware

A lot of business are seasonable. It makes more sense to compare Days Inventory from the same period in the previous year instead of from the previous quarter.


Related Terms

Cost of Goods Sold, Inventory, Revenue, Inventory Turnover, Inventory to Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Tesla Inc Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
DaysInventory 85,491.11215.5371.06145.14121.88151.7371.36101.94130.42113.04

Tesla Inc Quarterly Data

Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16
DaysInventory 102.62112.01134.80139.48162.11117.82131.57133.4888.2590.59
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