Tesla's inventory turnover ratio has shown a significant increase, indicating improved inventory management and sales efficiency. Here's a summary of the ratios for the specified periods:
- Growth Trend: The inventory turnover ratio has increased from 1.38 times on March 31, 2023, to 2.77 times on June 30, 2024. This suggests that Tesla is able to sell its inventory at a faster rate over the same period.
- Peak Performance: The highest turnover ratio was recorded at 6.52 times on December 31, 2022, which could be attributed to strong sales during the holiday season and possibly the impact of supply chain disruptions easing.
- Current Status: As of June 30, 2024, the turnover ratio stands at 2.77 times, which is a decrease from the previous quarter's peak but remains strong. This could be due to changes in market conditions, such as increased competition or consumer preferences shifting1.
9/10/2024 03:23pm
