REE Automotive (REE) Short-term Investments (2020 - 2024)
REE Automotive (REE) posted quarterly Short-term Investments of $24.2 million for Q2 2024, down 64.09% YoY from $67.5 million in Q3 2023, and up 1.45% sequentially from $23.9 million in Q1 2024.
REE Automotive (REE) Short-term Investments (2020 - 2024) Analysis & Trends
REE Automotive has disclosed Short-term Investments across 4 years of filings, most recently posting $24.2 million for Q2 2024.
- In Q2 2024, Short-term Investments fell 64.09% year-over-year to $24.2 million; the TTM figure through Jun 2024 stood at $24.2 million (down 64.09% YoY), while the FY2023 annual figure was $44.4 million, down 54.16% from the prior year.
- Short-term Investments rose to $24.2 million in Q2 2024, from $23.9 million in the prior quarter.
- Over the last five years, Short-term Investments for REE reached as high as $117.5 million in Q3 2022 and fell as low as $1.7 million in Q4 2020.
- The 4-year median for Short-term Investments is $55.9 million (2023), against an average of $60.7 million.
- Annual changes were most pronounced in 2023 — Short-term Investments slumped 38.56% — and 2024, when it tumbled 64.09%.
- A 4-year view of Short-term Investments shows it stood at $1.7 million in 2020, then soared by 5710.26% to $96.9 million in 2022, then slumped by 54.16% to $44.4 million in 2023, then plunged by 45.43% to $24.2 million in 2024.
- According to Business Quant data, Short-term Investments over the past three periods registered $24.2 million, $23.9 million, and $44.4 million for Q2 2024, Q1 2024, and Q4 2023 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Advance Auto Parts | 65.13 Bn | 62.01 Bn | 869.00 Mn |
| 2 | Autozone | 53.07 Bn | 52.82 Bn | 2.52 Bn |
| 3 | Magna International | 17.54 Bn | 16.29 Bn | 1.42 Bn |
| 4 | Genuine Parts | 16.15 Bn | 15.67 Bn | 2.34 Bn |
| 5 | Aurora Innovation | 13.77 Bn | 12.55 Bn | -5.00 Mn |
| 6 | Borgwarner | 13.21 Bn | 13.37 Bn | 677.00 Mn |
| 7 | Aptiv | 12.84 Bn | 9.76 Bn | 920.00 Mn |
| 8 | Autoliv | 8.73 Bn | 8.37 Bn | 526.00 Mn |
| 9 | Modine Manufacturing | 8.68 Bn | 8.59 Bn | 186.10 Mn |
| 10 | REE Automotive | 6.75 Mn | -7.50 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2024 | 24.23 Mn |
| Mar 31, 2024 | 23.88 Mn |
| Dec 31, 2023 | 44.40 Mn |
| Jun 30, 2023 | 67.46 Mn |
| Dec 31, 2022 | 96.86 Mn |
| Sep 30, 2022 | 117.50 Mn |
| Jun 30, 2022 | 109.80 Mn |
| Dec 31, 2020 | 1.67 Mn |