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Yiren Digital (Yiren Digital) EBIT : $363.8 Mil (TTM As of Sep. 2023)


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What is Yiren Digital EBIT?

Yiren Digital's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2023 was $95.0 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2023 was $363.8 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Yiren Digital's annualized ROC % for the quarter that ended in Sep. 2023 was 84.79%. Yiren Digital's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was 2,040.31%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Yiren Digital's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2023 was -83.98%.


Yiren Digital EBIT Historical Data

The historical data trend for Yiren Digital's EBIT 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.

Yiren Digital EBIT Chart

Yiren Digital Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 160.83 -7.65 202.12 211.12 363.41

Yiren Digital Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 90.66 78.79 93.74 95.02 96.23

Competitive Comparison of Yiren Digital's EBIT

For the Credit Services subindustry, Yiren Digital's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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.


Yiren Digital's EV-to-EBIT Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Yiren Digital's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Yiren Digital's EV-to-EBIT falls into.



Yiren Digital EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Sep. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $363.8 Mil.

* 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.


Yiren Digital  (NYSE:YRD) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Yiren Digital's annualized ROC % for the quarter that ended in Sep. 2023 is calculated as:

ROC % (Q: Sep. 2023 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2023 ) + Invested Capital (Q: Sep. 2023 ))/ count )
=380.08 * ( 1 - 22.6% )/( (426.432 + 267.494)/ 2 )
=294.18192/346.963
=84.79 %

where

Invested Capital(Q: Jun. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1308.506 - 56.625 - ( 825.449 - max(0, 61.157 - 1142.41+825.449))
=426.432

Invested Capital(Q: Sep. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=1281.361 - 212.236 - ( 801.631 - max(0, 215.957 - 1104.216+801.631))
=267.494

Note: The Operating Income data used here is four times the quarterly (Sep. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

Yiren Digital's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2023 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2023 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2023  Q: Sep. 2023
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=380.08/( ( (13.882 + max(9.5630000000002, 0)) + (13.812 + max(-137.761, 0)) )/ 2 )
=380.08/( ( 23.445 + 13.812 )/ 2 )
=380.08/18.6285
=2,040.31 %

where Working Capital is:

Working Capital(Q: Jun. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(68.517 + 0 + 2.2030000000002) - (56.625 + 4.531 + 0.00099999999999767)
=9.5630000000002

Working Capital(Q: Sep. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(59.308 + 0 + 18.888) - (212.236 + 3.72 + 0.0010000000000048)
=-137.761

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2023) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Yiren Digital's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2023 )
=363.779/-433.188
=-83.98 %

* 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.


Yiren Digital EBIT Related Terms

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Yiren Digital (Yiren Digital) Business Description

Traded in Other Exchanges
Address
118 Jianguo Road, 28th Floor, China Merchants Bureau Building, Chaoyang District, Beijing, CHN, 100022
Yiren Digital Ltd is a fintech company in China connecting investors and individual borrowers. The Company provides an effective solution to address largely underserved investors and individual borrower demand in China through online and offline channels to efficiently match borrowers with investors and execute loan transactions. The company has three operating segments; the Yiren Wealth segment conducts holistic wealth business, the Yiren Credit segment focuses on consumer credit business, and the Other segment includes electronic commerce business. It derives a majority of its revenue from the Yiren Credit segment.