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Rivian Automotive Piotroski F-Score

: 4 (As of Today)
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The zones of discrimination were as such:

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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only 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.

This Year (Jun22) TTM:Last Year (Jun21) TTM:
Net Income was -1233 + -2461 + -1593 + -1712 = $-6,999.0 Mil.
Cash Flow from Operations was -685 + -1086 + -1034 + -1204 = $-4,009.0 Mil.
Revenue was 1 + 54 + 95 + 364 = $514.0 Mil.
Gross Profit was -82 + -383 + -502 + -704 = $-1,671.0 Mil.
Average Total Assets from the begining of this year (Jun21)
to the end of this year (Jun22) was
(6491 + 8488 + 22294 + 21297 + 20171) / 5 = $15748.2 Mil.
Total Assets at the begining of this year (Jun21) was $6,491.0 Mil.
Long-Term Debt & Capital Lease Obligation was $1,503.0 Mil.
Total Current Assets was $15,732.0 Mil.
Total Current Liabilities was $1,753.0 Mil.
Net Income was -288 + -353 + -414 + -580 = $-1,635.0 Mil.

Revenue was 0 + 0 + 0 + 0 = $0.0 Mil.
Gross Profit was 0 + 0 + 0 + 0 = $0.0 Mil.
Average Total Assets from the begining of last year (Dec19)
to the end of last year (Jun21) was
(2633 + 0 + 4602 + 0 + 6491) / 5 = $4575.33333333 Mil.
Total Assets at the begining of last year (Dec19) was $2,633.0 Mil.
Long-Term Debt & Capital Lease Obligation was $153.0 Mil.
Total Current Assets was $3,859.0 Mil.
Total Current Liabilities was $819.0 Mil.

*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.

Score 1 if positive, 0 if negative.

Rivian Automotive's current Cash Flow from Operations (TTM) was -4,009.0. ==> Negative ==> Score 0.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Jun21)
=-6999/6491
=-1.07826221

ROA (Last Year)=Net Income/Total Assets (Dec19)
=-1635/2633
=-0.62096468

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.

Gearing (This Year: Jun22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun21 to Jun22
=1503/15748.2
=0.09543948

Gearing (Last Year: Jun21)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Dec19 to Jun21
=153/4575.33333333
=0.03344019

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

Current Ratio (This Year: Jun22)=Total Current Assets/Total Current Liabilities
=15732/1753
=8.97432972

Current Ratio (Last Year: Jun21)=Total Current Assets/Total Current Liabilities
=3859/819
=4.71184371

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.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=-1671/514
=-3.25097276

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=0/0
=

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

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Jun21)
=514/6491
=0.07918657

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Dec19)
=0/2633
=0

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.

Rivian Automotive  (NAS:RIVN) Piotroski F-Score Explanation

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.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

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.


Rivian Automotive Business Description

Rivian Automotive logo
Traded in Other Exchanges
Address
14600 Myford Road, Irvine, CA, USA, 92606
Rivian Automotive Inc designs, develops and manufactures category-defining electric vehicles and accessories.
Executives
Flatley Jay T director 9885 TOWNE CENTRE DR SAN DIEGO CA 92121
Thomas-graham Pamela director C/O IDENIX PHARMACEUTICALS, INC. 60 HAMPSHIRE STREET CAMBRIDGE MA 02139
Baker Jeff officer: Chief Accounting Officer 1221 BROADWAY OAKLAND CA 94612
Boone Karen director 15 KOCH ROAD SUITE J CORTE MADERA CA 94925
Amazon Com Inc director, 10 percent owner 410 TERRY AVENUE NORTH SEATTLE WA 98109
Ford Motor Co 10 percent owner ONE AMERICAN RD DEARBORN MI 48126
Marcario Rose M director 21101 OXNARD STREET WOODLAND HILLS CA 91367
Mcdonough Claire officer: Chief Financial Officer C/O RIVIAN AUTOMOTIVE, INC. 14600 MYFORD ROAD IRVINE CA 92618
Krawiec Peter director C/O RIVIAN AUTOMOTIVE, INC. 14600 MYFORD ROAD IRVINE CA 92618
Scaringe Robert J director, officer: Chief Executive Officer C/O RIVIAN AUTOMOTIVE, INC. 14600 MYFORD ROAD IRVINE CA 92618
Behl Jiten officer: Chief Growth Officer C/O RIVIAN AUTOMOTIVE, INC. 14600 MYFORD ROAD IRVINE CA 92618
Schwartz Sanford Harold director C/O RIVIAN AUTOMOTIVE, INC. 14600 MYFORD ROAD IRVINE CA 92618
Global Oryx Group Holding Co Ltd 10 percent owner 15 ESPLANADE ST. HELIER Y9 JE1 1RB

Rivian Automotive Headlines

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