Tesla Financial Analysis and Financial Ratios
Quality Business Consultant's financial analysis expert, Paul Borosky, MBA., doctoral candidate, and published author, has created proprietary financial models to help analyze Tesla's financial performance using Tesla's summarized income statements and balance sheets for the last five years, found in their Annual Reports and Tesla's 10ks.
Further, our financial model also calculates over 10 popular financial ratios, such as Tesla's current ratio, return on equity, and debt ratio. This information is the basis of our financial report, "Tesla Inc. Financial Report", where we offer insights into understanding Tesla's financial standing through insightful financial analysis.
A Beginner's Guide to Tesla Financial Analysis - 2021
- Included Easy to download PDF File.
- Included Easy to use format.
- Included Summarized Income Statements and Balance Sheets for the last 5 years..
- Included Popular financial ratios for the last 5 years included... with calculations and formulas!
- Included Expert tips to help with financial statements analysis.
- Included Expert tips to help with financial ratios analysis.
- NOT Included-Identify and discuss financial trends for the company..
- NOT Included-Expert financial analysis done by Paul Borosky, MBA.
- NOT Included- Analyst "Letter Grades" for the company's ratios.
Tesla Financial Report by Paul Borosky, MBA. - 2021
- Included Easy to download PDF File.
- Included Easy to use format.
- Included Summarized Income Statements and Balance Sheets for the last 5 years..
- Included Popular financial ratios for the last 5 years included... with calculations and formulas!
- Included Expert tips to help with financial statements analysis.
- Included Expert tips to help with financial ratios analysis.
- Included Identify and discuss financial trends for the company.
- Included Expert financial analysis done by Paul Borosky MBA.
- Included Analyst "Letter Grades" for the company's ratios.
Tesla's Financial Report and Financial Analysis
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Tesla Beginner’s Guide 2021
Table of Contents
- Disclaimer 3
- Forward 4
- Income Statement 6
- Tesla’s Summarized Income Statements 6
- Revenues 6
- Cost of Goods Sold (COGS) 7
- Selling, General, and Administrative Expenses (SG&A 8
- Research and Development (R&D) 9
- Operating Expenses 10
- Earnings Before Interest and Taxes (EBIT 10
- Interest Expense 11
- Earnings Before Taxes (EBT) 11
- Taxes 12
- Net income 12
- Tax Rate 13
- Balance Sheet 14
- Tesla’s Summarized Balance Sheets 14
- Cash 14
- Short-Term Investments 15
- Accounts Receivables 16
- Inventory 16
- Current Assets 17
- Property, Plant, and Equipment (PP&E) 18
- Total Assets 19
- Accounts Payable 20
- Accrued Expenses 21
- Short-Term Debt 21
- Total Current Liabilities 22
- Long Term Debt (LT Debt) 23
- Total Liabilities 24
- Common Stock and Additional Paid-in Capital 25
- Treasury 26
- Retained Earnings 27
- Total Equity 27
- Financial Ratios 29
- Tesla’s Liquidity Ratios 30
- Current Ratio 30
- Quick Ratio 31
- Cash Ratio 32
- Tesla’s Asset Ratios 33
- Total Asset Turnover 34
- Fixed Asset Turnover 34
- Days Sales Outstanding 35
- Inventory Turnover 36
- Accounts Receivable Turnover 37
- Accounts Payable Turnover 38
- Other Asset Ratio Calculations 38
- Working Capital Turnover 38
- Average Days in Inventory 39
- Average Days Payable 39
- Tesla’s Profitability Ratios 40
- Return on Assets (ROA) 40
- Return on Equity (ROE) 41
- Net Profit Margin 42
- Gross Profit Margin 43
- Operating Profit Margin 43
- Tesla’s Debt Ratios 45
- Debt Ratio 45
- Debt to Equity Ratio 46
- Times Interest Earned 47
Click Below for the CURRENT
Downloadable PDF Price!!
Tesla Financial Analysis and Report 2021
Contents
-
- Disclaimer 3
- Forward 4
- Income Statement 6
- Tesla’s Summarized Income Statements 7
- Revenues 7
- Cost of Goods Sold (COGS) 8
- Selling, General, and Administrative Expenses (SG&A 9
- Research and Development (R&D) 10
- Operating Expenses 11
- Earnings Before Interest and Taxes (EBIT 12
- Interest Expense 13
- Earnings Before Taxes (EBT) 14
- Taxes 14
- Net income 15
- Tax Rate 15
- Balance Sheet 17
- Tesla’s Summarized Balance Sheets 17
- Cash 19
- Short-Term Investments 20
- Accounts Receivables 20
- Inventory 21
- Current Assets 22
- Property, Plant, and Equipment (PP&E) 23
- Total Assets 24
- Accounts Payable 25
- Accrued Expenses 26
- Short-Term Debt 27
- Total Current Liabilities 28
- Long Term Debt (LT Debt) 29
- Total Liabilities 30
- Common Stock and Additional Paid-in Capital 31
- Treasury 32
- Retained Earnings 33
- Total Equity 33
- Financial Ratios 35
- Tesla’s Liquidity Ratios 36
- Current Ratio 36
- Cash Ratio 37
- Quick Ratio 38
- Tesla’s Asset Ratios 40
- Total Asset Turnover 41
- Fixed Asset Turnover 42
- Days Sales Outstanding 43
- Inventory Turnover 44
- Accounts Receivable Turnover 45
- Accounts Payable Turnover 46
- Other Asset Ratio Calculations 47
- Working Capital Turnover 47
- Average Days in Inventory 47
- Average Days Payable 48
- Tesla’s Profitability Ratios 49
- Return on Assets (ROA) 49
- Return on Equity (ROE) 50
- Net Profit Margin 51
- Gross Profit Margin 52
- Operating Profit Margin 53
- Tesla’s Debt Ratios 55
- Debt Ratio 55
- Debt to Equity Ratio 56
- Times Interest Earned 57
- Summary 59
- Tesla’s Strengths 59
- Tesla’s Weaknesses 59
- Tesla’s Final Grade 59
Hey All,
Thanks for considering my Tesla Inc. Financial Report. In this report, you will be able to find preliminary information about Tesla's current financial performance as well as some historical track records and trends. Also, in this report, written by myself, Paul Borosky, MBA., Doctoral Candidate and published author, you will find:
- Summarized income statement for the last 5 years.
- Summarized balance sheet for the last 5 years.
- Summary analysis by myself of the important income statement, balance sheet, and financial ratio trends and other happenings.
- Five years’ worth of over ten common financial ratios presented with formulas, calculations, and analysis tips for each ratio.
- Line by line description, explanation, and analysis tip for most financial statement line items and financial ratios.
- Professional financial analysis tips are provided in each section to help YOU conduct your OWN financial analysis!
- Each section includes an “in other words” segment. This is where I use plain English to explain concepts.
Sincerely,
Paul, MBA.
Sample Report
Tesla Income Statement Analysis Sample
In this section of the financial report, I walk you through a broad definition as to what an income statement is and why it is important. From this, I then discuss and define important income statement line items, such as revenues, gross profits, etc. in detail. Finally, I offer a summary analysis of the company's important income statement line item trends. For example,...
Tesla's Cost of Goods Sold.
Tesla’s cost of goods sold as compared to revenues in 2019 was 83.4%. In the next two years, the organization’s cost of goods sold as compared to revenues would continually decline, ending 2021 at 74.7% as compared to revenues. This decline indicates that the organization is continually taking steps to lower its raw material costs, or the firm is increasing its sales price to cover the increased material costs. Regardless, the organization is continually increasing its gross profit margin over the last three years, which is an excellent trend.
Tesla 2021 Summarized Income Statement |
|||||
| Column1 |
2021 |
2020 | 2019 | 2018 |
2017 |
| Revenues |
53,823 |
31,536 | 24,578 | 21,461 |
11,758 |
| COGS |
40,217 |
24,906 | 20,509 | 17,419 |
9,536 |
| Gross Profit |
13,606 |
6,630 | 4,069 | 4,042 |
2,222 |
| SG&A |
4,517 |
3,145 | 2,646 | 2,835 |
2,477 |
| Depreciation |
2,911 |
2,322 | 2,154 | 1,901 |
1,636 |
| R & D |
2,593 |
1,491 | 1,343 | 1,460 |
1,378 |
| Other | |||||
| Total Operating Expenses |
7,083 |
4,636 | 4,138 | 4,430 |
3,855 |
| EBIT |
6,523 |
1,994 | (69) | (388) |
(1,632) |
| Other Income | |||||
| Interest Expense |
371 |
748 | 685 | 663 |
471 |
| EBT |
6,343 |
1,154 | (665) | (1,005) |
(2,209) |
| Taxes |
699 |
292 | 110 | 58 |
32 |
| Net Income |
5,644 |
862 | (775) | (1,063) |
(2,241) |
Tesla Balance Sheet Analysis Sample
In this section of the financial report, I walk you through a broad definition of what a balance sheet is and why it is important. From this, I then discuss and define important balance sheet line items, such as cash, inventory, etc., in detail. Finally, I offer a summary analysis of the company's important balance sheet line item trends. For example,...
Tesla's Property, Plant, and Equipment
Tesla’s property, plant, and equipment have been growing steadily over the last several years. This indicates that the firm’s executive team anticipates substantial long-term growth and needs fixed assets to support it—an excellent trend from the perspective of an investor.
Tesla 2021 Summary Balance Sheet |
|||||
| Column1 |
2021 |
2020 | 2019 | 2018 |
2017 |
| Cash |
17,576 |
19,384 | 6,268 | 3,686 |
3,367 |
| Short Term Investment |
131 |
- | - | - |
- |
| Account Receivable |
1,913 |
1,886 | 1,324 | 949 |
515 |
| Inventory |
5,757 |
4,101 | 3,552 | 3,113 |
2,263 |
| Other | |||||
| Current Assets |
27,100 |
26,717 | 12,103 | 8,307 |
6,570 |
| Net PPE |
18,884 |
12,747 | 10,396 | 11,330 |
10,027 |
| Goodwill |
200 |
207 | 198 | 68 |
60 |
| Other | |||||
| Total Assets |
62,131 |
52,148 | 34,309 | 29,740 |
28,655 |
| Accounts Payable |
10,025 |
6,051 | 3,771 | 3,405 |
2,390 |
| Accrued Expense |
5,719 |
3,855 | 2,905 | 2,094 |
1,731 |
| Accrued Taxes | |||||
| Notes Payable | |||||
| LT Debt - Current |
1,589 |
2,132 | 1,785 | 2,568 |
9,415 |
| Other | |||||
| Total Current Liabilities |
19,705 |
14,248 | 10,667 | 9,993 |
7,674 |
| LT Debt |
5,245 |
9,556 | 11,634 | 9,404 |
9,415 |
| Other | |||||
| Total Liabilities |
30,548 |
28,418 | 26,199 | 23,427 |
23,022 |
| Common Stock |
29,803 |
27,260 | 12,737 | 10,249 |
9,178 |
| Treasury | |||||
| Retained Earnings |
331 |
(5,399) | (6,083) | (5,318) |
(4,974) |
| Other | |||||
| Total Equity |
30,189 |
22,225 | 6,618 | 4,923 |
4,237 |
| Total Equity & Liability |
62,131 |
52,148 | 34,309 | 29,740 |
28,655 |
Tesla Financial Ratios Sample
In this section of the financial report, I walk you through definitions of various popular financial ratios, how to calculate the ratios, formulas used, etc. Also, for some popular financial ratios, I provide brief explanations of what the ratios mean as it is related to the company.
https://youtu.be/mVBxmu329UM
Tesla's Fixed Asset Turnover Ratio
Tesla’s fixed asset turnover ended 2017 at 1.17. In the next four years, the organization would continually better utilize its fixed assets for sales ending 2021 at 2.85. The continued optimal use of its fixed assets shows that the firm does need more growth in its property, plant, and equipment business segment.
Tesla's Return on Equity
Tesla’s return on equity increased from 3.88% in 2020 to 18.7% in 2021. However, because the organization seems to be shifting its capital structure to rely more upon equity as compared to debt, substantial growth in the organization’s return on equity ratio should not be anticipated in the long term. Fortunately, though, the organization’s reliance on equity financing as compared to debt financing should reduce the firm’s overall financial risk.
Tesla's Liquidity Ratios |
||
| Ratios | 2021 | 2020 |
| Current Ratio | 1.38 | 1.88 |
| Cash Ratio | 0.90 | 1.36 |
| Quick Ratio | 1.08 | 1.59 |
| Net Working Capital | 7,395 | 12,469 |
Tesla's Asset Utilization |
||
| Ratios | 2021 | 2020 |
| Total Asset Turnover | 0.87 | 0.60 |
| Fixed Asset Turnover | 2.85 | 2.47 |
| Days Sales Outstanding | 12.88 | 18.58 |
| Inventory Turnover (Using Sales) | 10.92 | 8.24 |
| Inventory Turnover (Using COGS) | 8.16 | 6.51 |
| Accounts Receivable Turnover | 28.34 | 19.65 |
| Working Capital Turnover | 7.28 | 2.53 |
| AP Turnover | 5.21 | 5.18 |
| Average Days Inventory | 44.73 | 56.08 |
| Average Days Payable | 70.07 | 70.42 |
Tesla's Profitability Ratios |
||
| Ratios | 2021 | 2020 |
| Return on Assets | 9.08% | 1.65% |
| Return on Equity | 18.70% | 3.88% |
| Net Profit Margin | 10.49% | 2.73% |
| Gross Profit Margin | 25.28% | 21.02% |
| Operating Profit Margin | 12.12% | 6.32% |
| Basic Earning Power | 10.50% | 3.82% |
| ROCE | 15.38% | 5.26% |
| Capital Employed | 42,426 | 37,900 |
| ROIC | 15.68% | 4.39% |
Tesla's Debt Ratios |
||
| Ratios | 2021 | 2020 |
| Debt Ratio | 11.00% | 22.41% |
| Debt/Equity | 22.64% | 52.59% |
| Times Interest Earned | 17.58 | 2.67 |