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Rivian Automotive (Rivian Automotive) COGS-to-Revenue : 1.46 (As of Dec. 2023)


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What is Rivian Automotive COGS-to-Revenue?

Rivian Automotive's Cost of Goods Sold for the three months ended in Dec. 2023 was $1,921 Mil. Its Revenue for the three months ended in Dec. 2023 was $1,315 Mil.

Rivian Automotive's COGS to Revenue for the three months ended in Dec. 2023 was 1.46.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Rivian Automotive's Gross Margin % for the three months ended in Dec. 2023 was -46.08%.

Rivian Automotive COGS-to-Revenue Historical Data

The historical data trend for Rivian Automotive's COGS-to-Revenue 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 COGS-to-Revenue Chart

Rivian Automotive Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
COGS-to-Revenue
- - 9.45 2.88 1.46

Rivian Automotive Quarterly Data
Dec19 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
COGS-to-Revenue Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.51 1.81 1.37 1.36 1.46

Rivian Automotive COGS-to-Revenue Calculation

Rivian Automotive's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue=Cost of Goods Sold / Revenue
=6464 / 4434
=1.46

Rivian Automotive's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue=Cost of Goods Sold / Revenue
=1921 / 1315
=1.46

* 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) COGS-to-Revenue Explanation

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.

Rivian Automotive's Gross Margin % for the three months ended in Dec. 2023 is calculated as:

Gross Margin %=1 - COGS to Revenue
=1 - Cost of Goods Sold / Revenue
=1 - 1921 / 1315
=-46.08 %

* 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.

A company that has a moat can usually maintain or even expand their Gross Margin. A company can increase its Gross Margin in two ways. It can increase the prices of the goods it sells and keeps its Cost of Goods Sold unchanged. Or it can keep the sales price unchanged and squeeze its suppliers to reduce the Cost of Goods Sold. Warren Buffett believes businesses with the power to raise prices have moats.

Rivian Automotive COGS-to-Revenue Related Terms

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Rivian Automotive (Rivian Automotive) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Rivian Automotive Inc (NAS:RIVN) » Definitions » COGS-to-Revenue
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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