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Calculation 0106
Calculation 0106
BMW
Q3 2019 delivery: 613,361
Automotive group revenue: 23,016 M Euro, roughly 25.7B USD
Cost of revenues: 19631M Euro, roughly 21.958B USD
Average revenue per vehicle: 41,900
Profit per one vehicle sale: 41,900 * 6.6% = 2765.4
Operating expenses: 188+1835 = 2023M Euro, roughly 2.263B USD
If double production:
Suppose interest rate on bank loans remains the same.
Suppose current factory capacity can be doubled without adding more production lines
or factories (which obviously is not true).
Suppose the sale price remains the same.
Tesla:
5,112M *2 (cost of revenues) + 930M (operating expenses) = 11,154M
Cost of production per vehicle: 11,154M/(97186*2) = 57,385
BMW:
21,958M (cost of revenues) + 2,263M (operating expenses) = 24,221M
Cost of production per vehicle: 24,221M/613,361 = 39,489
57,385/39,489 = 145.3%
Reference:
Tesla 2019 Q3 report:
https://ir.tesla.com/static-files/47313d21-3cac-4f69-9497-d161bce15da4
BMW quarterly statement:
https://www.bmwgroup.com/content/dam/grpw/websites/bmwgroup_com/ir/downloads/e
n/2019/q3/Q3_2019_BMW_Group_EN_Online.pdf