Yiren Digital (Yiren Digital) Inventory Turnover

: 0.00 (As of Sep. 2023)

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Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Yiren Digital's Cost of Goods Sold for the three months ended in Sep. 2023 was $33.6 Mil. Yiren Digital's Average Total Inventories for the quarter that ended in Sep. 2023 was $0.0 Mil.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Yiren Digital's Days Inventory for the three months ended in Sep. 2023 was 0.00.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Yiren Digital's Inventory-to-Revenue for the quarter that ended in Sep. 2023 was 0.00.

Yiren Digital Inventory Turnover Historical Data

The historical data trend for Yiren Digital's Inventory Turnover 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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Yiren Digital Annual Data

Trend

Dec13

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Dec15

Dec16

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Dec18

Dec19

Dec20

Dec21

Dec22

Inventory Turnover

Yiren Digital Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Inventory Turnover																-	-	-	-	-

Yiren Digital Inventory Turnover Calculation

Yiren Digital's Inventory Turnover for the fiscal year that ended in Dec. 2022 is calculated as

	Inventory Turnover (A: Dec. 2022 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Dec. 2022 )	/ (	(Total Inventories (A: Dec. 2021 )	+	Total Inventories (A: Dec. 2022 ))	/	count )
=	111.428	/ (	(0	+	0)	/	1 )
=	111.428	/	0
=	N/A

Yiren Digital's Inventory Turnover for the quarter that ended in Sep. 2023 is calculated as

	Inventory Turnover (Q: Sep. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Sep. 2023 )	/ (	(Total Inventories (Q: Jun. 2023 )	+	Total Inventories (Q: Sep. 2023 ))	/	count )
=	33.621	/ (	(0	+	0)	/	1 )
=	33.621	/	0
=	N/A

Yiren Digital (NYSE:YRD) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Yiren Digital's Days Inventory for the three months ended in Sep. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Sep. 2023 )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
	=	0	/	33.621	*	365 / 4
	=	0.00

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Yiren Digital's Inventory to Revenue for the quarter that ended in Sep. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	0	/	179.61
	=	0.00

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Yiren Digital Inventory Turnover Related Terms

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Yiren Digital (Yiren Digital) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Yiren Digital Ltd (NYSE:YRD) » Definitions » Inventory Turnover

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Traded in Other Exchanges

19YA:Germany 19YA:Germany

Address

118 Jianguo Road, 28th Floor, China Merchants Bureau Building, Chaoyang District, Beijing, CHN, 100022

Website

https://www.yiren.com

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.