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Tesla Motors Inc (NAS:TSLA)
Total Assets
$6,120 Mil (As of Mar. 2015)

Tesla Motors Inc's total assets for the quarter that ended in Mar. 2015 was $6,120 Mil.

Warning Sign:

If a company builds asset at 114.5% a year, faster than its revenue growth rate of 29.3% over the past 5 years, it means that the company may be getting less efficent.

During the past 12 months, Tesla Motors Inc's average Total Assets Growth Rate was 140.40% per year. During the past 3 years, the average Total Assets Growth Rate was 108.80% per year. During the past 5 years, the average Total Assets Growth Rate was 114.50% per year.

During the past 8 years, Tesla Motors Inc's highest 3-Year average Total Assets Growth Rate was 153.30%. The lowest was 76.30%. And the median was 116.90%.

Total Assets is connected with Return on Assets (ROA). Tesla Motors Inc's annualized Return on Assets (ROA) for the quarter that ended in Mar. 2015 was -10.31%. Total Assets is also linked to revenue through asset turnover. Tesla Motors Inc's asset turnover for the quarter that ended in Mar. 2015 was 0.16.


Definition

Total assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder’s paid in capital and retained earnings of the business. Others are funded through borrowed money.

Tesla Motors Inc's Total Assets for the fiscal year that ended in Dec. 2014 is calculated as

Total Assets=Total Current Assets+Total Long Term Assets
=Total Current Assets+(Net PPE+Intangibles+Other Long-Term Assets)
=3198.657+(2596.011+0+54.583)
=5,849

Total Assets=Total Shareholder’s Equity (A: Dec. 2014 )+Total Liabilities (A: Dec. 2014 )
=911.71+4937.541
=5,849

Tesla Motors Inc's Total Assets for the quarter that ended in Mar. 2015 is calculated as

Total Assets=Total Current Assets+Total Long Term Assets
=Total Current Assets+(Net PPE+Intangibles+Other Long-Term Assets)
=2921.417+(3136.252+0+62.361)
=6,120

Total Assets=Total Shareholder’s Equity (Q: Mar. 2015 )+Total Liabilities (Q: Mar. 2015 )
=825.997+5294.033
=6,120

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Explanation

Total Assets is connected with Return on Assets.

Tesla Motors Inc's annualized Return on Assets (ROA) for the quarter that ended in Mar. 2015 is

ROA=Net Income (Q: Mar. 2015 )/( (Total Assets (Q: Dec. 2014 )+Total Assets (Q: Mar. 2015 ))/ 2 )
=-616.724/( (5849.251+6120.03)/ 2 )
=-616.724/5984.6405
=-10.31 %

Note: The Net Income data used here is four times the quarterly (Mar. 2015) net income data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Tesla Motors Inc's Asset Turnover for the quarter that ended in Mar. 2015 is

Asset Turnover
=Sales/Average Total Assets
=Revenue (Q: Mar. 2015 )/( (Total Assets (Q: Dec. 2014 )+Total Assets (Q: Mar. 2015 ))/ 2 )
=939.88/( (5849.251+6120.03)/ 2 )
=939.88/5984.6405
=0.16

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Therefore, if a company grows its assets faster than its sales, the asset turnover will decline. This might be a warning sign for the business.


Related Terms

Return on Assets, Assets Turnover, Net Income, Revenue, Total Current Assets, Net PPE, Intangibles, Other Long-Term Assets, Total Shareholder’s Equity, Total Liability


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Tesla Motors Inc Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14
Total Assets 0035521303867131,1142,4175,849

Tesla Motors Inc Quarterly Data

Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14Dec14Mar15
Total Assets 1,1141,1441,8882,1662,4174,5005,0545,4385,8496,120
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