Rivian Automotive (Rivian Automotive) Inventory Turnover : 0.75 (As of Dec. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Rivian Automotive Inventory Turnover?

Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Rivian Automotive's Cost of Goods Sold for the three months ended in Dec. 2023 was $1,921 Mil. Rivian Automotive's Average Total Inventories for the quarter that ended in Dec. 2023 was $2,575 Mil. Rivian Automotive's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.75.

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 three months ended in Dec. 2023 was 122.32.

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 quarter that ended in Dec. 2023 was 1.96.

Rivian Automotive Inventory Turnover Historical Data

The historical data trend for Rivian Automotive's Inventory Turnover 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 Inventory Turnover Chart

Rivian Automotive Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Inventory Turnover

1.90

5.90

3.26

Rivian Automotive Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover	Get a 7-Day Free Trial											1.45	0.75	0.77	0.77	0.75

Rivian Automotive Inventory Turnover Calculation

Rivian Automotive's Inventory Turnover for the fiscal year that ended in Dec. 2023 is calculated as

	Inventory Turnover (A: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2023 )	/ (	(Total Inventories (A: Dec. 2022 )	+	Total Inventories (A: Dec. 2023 ))	/	count )
=	6464	/ (	(1348	+	2620)	/	2 )
=	6464	/	1984
=	3.26

Rivian Automotive's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	1921	/ (	(2530	+	2620)	/	2 )
=	1921	/	2575
=	0.75

Rivian Automotive (NAS:RIVN) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. 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 three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	2575	/	1921	*	365 / 4
	=	122.32

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 quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	2575	/	1315
	=	1.96

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Rivian Automotive Inventory Turnover Related Terms

Thank you for viewing the detailed overview of Rivian Automotive's Inventory Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.

Rivian Automotive (Rivian Automotive) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Rivian Automotive Inc (NAS:RIVN) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

RIVN:Mexico 99U:Germany

Address

14600 Myford Road, Irvine, CA, USA, 92606

Website

https://www.rivian.com

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).

Executives

Claire Mcdonough	officer: Chief Financial Officer	C/O RIVIAN AUTOMOTIVE, INC., 14600 MYFORD ROAD, IRVINE CA 92618
Kjell Gruner	officer: Chief Commercial Officer	C/O HARLEY-DAVIDSON, INC., 3700 W JUNEAU AVENUE, MILWAUKEE WI 53208
John Krafcik	director	C/O RIVIAN AUTOMOTIVE, INC., 14600 MYFORD ROAD, IRVINE CA 92618
Jeff Baker	officer: Chief Accounting Officer	1221 BROADWAY, OAKLAND CA 94612
Harald Kroeger	director	C/O RIVIAN AUTOMOTIVE, INC., 14600 MYFORD ROAD, IRVINE CA 92606
Jay T Flatley	director	9885 TOWNE CENTRE DR, SAN DIEGO CA 92121
Jiten Behl	officer: Chief Growth Officer	C/O RIVIAN AUTOMOTIVE, INC., 14600 MYFORD ROAD, IRVINE CA 92618
Robert J Scaringe	director, officer: Chief Executive Officer	C/O RIVIAN AUTOMOTIVE, INC., 14600 MYFORD ROAD, IRVINE CA 92618
Ford Motor Co	10 percent owner	ONE AMERICAN RD, DEARBORN MI 48126
Pamela Thomas-graham	director	C/O IDENIX PHARMACEUTICALS, INC., 60 HAMPSHIRE STREET, CAMBRIDGE MA 02139
Karen Boone	director	15 KOCH ROAD, SUITE J, CORTE MADERA CA 94925
Rose M Marcario	director	21101 OXNARD STREET, WOODLAND HILLS CA 91367
Peter Krawiec	director	C/O RIVIAN AUTOMOTIVE, INC., 14600 MYFORD ROAD, IRVINE CA 92618
Sanford Harold Schwartz	director	C/O RIVIAN AUTOMOTIVE, INC., 14600 MYFORD ROAD, IRVINE CA 92618
Amazon Com Inc	director, 10 percent owner	410 TERRY AVENUE NORTH, SEATTLE WA 98109