Days Inventory is also known as Days Sales of Inventory (DSI). Rivian Automotive's Average Total Inventories for the
three
months ended in Dec. 2023 was $2,575 Mil. Rivian Automotive's Cost of Goods Sold for the
three
months ended in Dec. 2023 was $1,921 Mil.
Hence, Rivian Automotive's Days Inventory for the
three
months ended in Dec. 2023 was 122.32.
The historical rank and industry rank for Rivian Automotive's Days Inventory or its related term are showing as below:
RIVN'
s Days Inventory Range Over the Past 10 Years
Min: 61.91 Med: 112.03 Max: 192.33
Current: 118.38
During the past 5 years, Rivian Automotive's highest Days Inventory was 192.33. The lowest was 61.91. And the median was 112.03.
RIVN's Days Inventory is ranked worse than 72.89% of 1258
companies
in the Vehicles & Parts industry
Industry Median: 82.23
vs RIVN: 118.38
Rivian Automotive's Days Inventory
increased
from Dec. 2022 (63.02) to Dec. 2023 (122.32).
It might indicate that Rivian Automotive's sales slowed down.
Warning Sign:
If a company builds up inventory, it may mean it is having difficulties selling its goods.
Inventory Turnover measures how fast the company turns over its inventory within a year.
Rivian Automotive's Inventory Turnover for the
three
months ended in Dec. 2023 was 0.75.
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.
Rivian Automotive's Inventory-to-Revenue for the
three
months ended in Dec. 2023 was 1.96.
Rivian Automotive Days Inventory Historical Data
The historical data trend for Rivian Automotive's Days Inventory can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
* Premium members only.
Rivian Automotive Annual Data
Trend
Dec19
Dec20
Dec21
Dec22
Dec23
Days Inventory
-
-
192.33
61.91
112.03
Rivian Automotive Quarterly Data
Dec19
Jun20
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Sep22
Dec22
Mar23
Jun23
Sep23
Dec23
Days Inventory
63.02
120.97
118.57
117.99
122.32
Competitive Comparison
For the Auto Manufacturers subindustry, Rivian Automotive's Days Inventory, along with its competitors' market caps and Days Inventory data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Rivian Automotive Days Inventory Distribution
For the Vehicles & Parts industry and Consumer Cyclical sector, Rivian Automotive's Days Inventory distribution charts can be found below:
* The bar in red indicates where Rivian Automotive's Days Inventory falls into.
Rivian Automotive Days Inventory Calculation
Days Inventory indicates the number of days of goods in sales that a company has in the inventory.
Rivian Automotive's Days Inventory for the fiscal year that ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Rivian Automotive (NAS:RIVN) Days Inventory Explanation
Days Inventory indicates the liquidity of the inventory. Generally, a lower Days Inventory is preferred as it indicates a shorter duration to clear off the inventory. An increase of the ratio may indicate the company's sales slowed. Similar ratios related to Days Inventory are:
1. Inventory Turnover measures how fast the company turns over its inventory within a year.
Rivian Automotive's Inventory Turnover for the
three
months ended in Dec. 2023 is calculated as
2. 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.
Rivian Automotive's Inventory to Revenue for the
three
months ended in Dec. 2023 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange 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.
Rivian Automotive Days Inventory Related Terms
Thank you for viewing the detailed overview of Rivian Automotive's Days Inventory provided by GuruFocus.com. Please click on the following links to see related term pages.
Rivian Automotive (Rivian Automotive) Business Description
Rivian Automotive Inc designs, develops and manufactures category-defining electric vehicles and accessories. In the consumer market, the company launched the R1 platform with the first generation of consumer vehicles: the R1T, a two-row, five-passenger pickup truck, and the R1S, a three-row, seven-passenger sport utility vehicle (SUV).
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