Rivian Automotive (Rivian Automotive) EBIT : $-5,211 Mil (TTM As of Dec. 2023)

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

What is Rivian Automotive EBIT?

Rivian Automotive's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $-1,448 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $-5,211 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Rivian Automotive's annualized ROC % for the quarter that ended in Dec. 2023 was -122.12%. Rivian Automotive's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -116.93%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Rivian Automotive's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was -127.85%.

Rivian Automotive EBIT Historical Data

The historical data trend for Rivian Automotive's EBIT 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 EBIT Chart

Rivian Automotive Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

-392.00

-1,010.00

-4,659.00

-6,645.00

-5,211.00

Rivian Automotive Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT	Get a 7-Day Free Trial											-1,690.00	-1,310.00	-1,141.00	-1,312.00	-1,448.00

Competitive Comparison of Rivian Automotive's EBIT

For the Auto Manufacturers subindustry, Rivian Automotive's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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's EV-to-EBIT Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Rivian Automotive's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Rivian Automotive's EV-to-EBIT falls into.

Rivian Automotive EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-5,211 Mil.

Rivian Automotive (NAS:RIVN) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Rivian Automotive's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	-6324 * ( 1 - 0% )	/	( (5073	+	5284)	/ 2 )
=	-6324	/	5178.5
=	-122.12 %

where

	Invested Capital		(Q: Sep. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	16456	-	2250	-	( 9133	-	max(0, 2624	-	12086	+	9133	))
=	5073

	Invested Capital		(Q: Dec. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	16778	-	2126	-	( 9368	-	max(0, 2487	-	12313	+	9368	))
=	5284

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

Rivian Automotive's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	-5792	/	( ( (4155 + max(703, 0))	+	(4230 + max(819, 0)) )	/	2 )
=	-5792	/	( ( 4858	+	5049 )	/	2 )
=	-5792	/	4953.5
=	-116.93 %

where Working Capital is:

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(237	+	2530	+	186)	-	(2250	+	0	+	0)
=	703

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(161	+	2620	+	164)	-	(2126	+	0	+	0)
=	819

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Rivian Automotive's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	-5211	/	4075.871
	=	-127.85 %

Rivian Automotive EBIT Related Terms

Thank you for viewing the detailed overview of Rivian Automotive's EBIT 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 » EBIT

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