Rivian Automotive (MEX:RIVN) ROCE % : -32.84% (As of Sep. 2024)

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What is Rivian Automotive ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Rivian Automotive's annualized ROCE % for the quarter that ended in Sep. 2024 was -32.84%.

Rivian Automotive ROCE % Historical Data

The historical data trend for Rivian Automotive's ROCE % 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.

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Rivian Automotive ROCE % Chart

Rivian Automotive Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

-16.01

-32.00

-37.50

-35.41

-32.53

Rivian Automotive Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
ROCE %	Get a 7-Day Free Trial														-36.76	-40.67	-39.21	-43.59	-32.84

Rivian Automotive ROCE % Calculation

Rivian Automotive's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	-88452.806	/	( ( (348510.496 - 47258.304)	+	(284793.933 - 42214.955) )	/ 2 )
	=	-88452.806	/	( (301252.192	+	242578.978)	/ 2 )
	=	-88452.806	/	271915.585
	=	-32.53 %

Rivian Automotive's ROCE % of for the quarter that ended in Sep. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Sep. 2024 )		(Q: Jun. 2024 )		(Q: Sep. 2024 )
	=	-79785.096	/	( ( (281286.862 - 38215.735)	+	(280823.059 - 38061.35) )	/ 2 )
	=	-79785.096	/	( ( 243071.127	+	242761.709 )	/ 2 )
	=	-79785.096	/	242916.418
	=	-32.84 %

(1) Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

Rivian Automotive (MEX:RIVN) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Rivian Automotive ROCE % Related Terms

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Rivian Automotive Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Rivian Automotive Inc (MEX:RIVN) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

RIVN:USA 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).