Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Rivian Automotive has an F-score of 4 indicating the company's financial situation is typical for a stable company.
The historical rank and industry rank for Rivian Automotive's Piotroski F-Score or its related term are showing as below:
RIVN'
s Piotroski F-Score Range Over the Past 10 Years
Min: 0 Med: 0 Max: 4
Current: 4
During the past 3 years, the highest Piotroski F-Score of Rivian Automotive was 4. The lowest was 0. And the median was 0.
Rivian Automotive Piotroski F-Score Historical Data
The historical data trend for Rivian Automotive's Piotroski F-Score 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
Piotroski F-Score
N/A
N/A
N/A
Rivian Automotive Quarterly Data
Dec19
Sep20
Dec20
Mar21
Jun21
Sep21
Dec21
Mar22
Jun22
Piotroski F-Score
N/A
N/A
N/A
N/A
4.00
Competitive Comparison
For the Auto Manufacturers subindustry, Rivian Automotive's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score 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 Piotroski F-Score Distribution
For the Vehicles & Parts industry and Consumer Cyclical sector, Rivian Automotive's Piotroski F-Score distribution charts can be found below:
* The bar in red indicates where Rivian Automotive's Piotroski F-Score falls into.
How is the Piotroski F-Score calculated?
* 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.
*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.
Profitability
Question 1. Return on Assets (ROA)
Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.
Score 1 if positive, 0 if negative.
Rivian Automotive's current Net Income (TTM) was -6,999.0.
==> Negative ==> Score 0.
Question 2. Cash Flow Return on Assets (CFROA)
Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.
Rivian Automotive's return on assets of this year was -1.07826221. Rivian Automotive's return on assets of last year was -0.62096468.
==> Last year is higher ==> Score 0.
Question 4. Quality of Earnings (Accrual)
Compare Cash flow return on assets (2) to return on assets (1)
Score 1 if CFROA > ROA, 0 if CFROA <= ROA.
Rivian Automotive's current Net Income (TTM) was -6,999.0. Rivian Automotive's current Cash Flow from Operations (TTM) was -4,009.0.
==> -4,009.0 > -6,999.0 ==> CFROA > ROA ==> Score 1.
Funding
Question 5. Change in Gearing or Leverage
Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.
Score 0 if this year's gearing is higher, 1 otherwise.
Rivian Automotive's gearing of this year was 0.09543948. Rivian Automotive's gearing of last year was 0.03344019.
==> Last year is lower than this year ==> Score 0.
Question 6. Change in Working Capital (Liquidity)
Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.
Score 1 if this year's current ratio is higher, 0 if it's lower
Rivian Automotive's current ratio of this year was 8.97432972. Rivian Automotive's current ratio of last year was 4.71184371.
==> This year's current ratio is higher. ==> Score 1.
Question 7. Change in Shares in Issue
Compare the number of shares in issue this year, to the number in issue last year.
Score 0 if there is larger number of shares in issue this year, 1 otherwise.
Rivian Automotive's number of shares in issue this year was 908. Rivian Automotive's number of shares in issue last year was 101.
==> There is larger number of shares in issue this year. ==> Score 0.
Efficiency
Question 8. Change in Gross Margin
Compare this year's gross margin (Gross Profit divided by sales) to last year's.
Score 1 if this year's gross margin is higher, 0 if it's lower.
Rivian Automotive's gross margin of this year was -3.25097276. Rivian Automotive's gross margin of last year was .
==> This year's gross margin is higher. ==> Score 1.
Question 9. Change in asset turnover
Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.
Score 1 if this year's asset turnover ratio is higher, 0 if it's lower
Rivian Automotive's asset turnover of this year was 0.07918657. Rivian Automotive's asset turnover of last year was 0.
==> This year's asset turnover is higher. ==> Score 1.
Evaluation
Piotroski F-Score
=
Que. 1
+
Que. 2
+
Que. 3
+
Que. 4
+
Que. 5
+
Que. 6
+
Que. 7
+
Que. 8
+
Que. 9
=
0
+
0
+
0
+
1
+
0
+
1
+
0
+
1
+
1
=
4
Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3
Rivian Automotive has an F-score of 4 indicating the company's financial situation is typical for a stable company.
The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.
He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.
He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.
What he found was something that exceeded his most optimistic expectations.
Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.
Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).
Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.
Rivian Automotive Piotroski F-Score Related Terms
Thank you for viewing the detailed overview of Rivian Automotive's Piotroski F-Score provided by GuruFocus.com. Please click on the following links to see related term pages.
My Portfolios
Create New Portfolio
Portfolio Contest
My Gurus
Personalize
Premium Gurus 
1.81(4.73%) Volume: 11,625,462 11:09PM EDT
Email Alerts
Stock PDF
RSS
Website
Filings
Download
Manual of Stocks™ Web APP
NAS:RIVN has been successfully added to your 
