LexinFintech Holdings (LexinFintech Holdings) COGS-to-Revenue : 0.64 (As of Dec. 2023)

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What is LexinFintech Holdings COGS-to-Revenue?

LexinFintech Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was $315 Mil. Its Revenue for the three months ended in Dec. 2023 was $492 Mil.

LexinFintech Holdings's COGS to Revenue for the three months ended in Dec. 2023 was 0.64.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. LexinFintech Holdings's Gross Margin % for the three months ended in Dec. 2023 was 35.85%.

LexinFintech Holdings COGS-to-Revenue Historical Data

The historical data trend for LexinFintech Holdings's COGS-to-Revenue 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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LexinFintech Holdings COGS-to-Revenue Chart

LexinFintech Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.53

0.69

0.49

0.69

0.65

LexinFintech Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
COGS-to-Revenue	Get a 7-Day Free Trial															0.66	0.70	0.67	0.61	0.64

LexinFintech Holdings COGS-to-Revenue Calculation

LexinFintech Holdings's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	1196.607	/	1828.672
	=	0.65

LexinFintech Holdings's COGS to Revenue for the quarter that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	315.308	/	491.504
	=	0.64

LexinFintech Holdings (NAS:LX) COGS-to-Revenue Explanation

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.

LexinFintech Holdings's Gross Margin % for the three months ended in Dec. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	315.308 / 491.504
	=	35.85 %

A company that has a moat can usually maintain or even expand their Gross Margin. A company can increase its Gross Margin in two ways. It can increase the prices of the goods it sells and keeps its Cost of Goods Sold unchanged. Or it can keep the sales price unchanged and squeeze its suppliers to reduce the Cost of Goods Sold. Warren Buffett believes businesses with the power to raise prices have moats.

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LexinFintech Holdings (LexinFintech Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » LexinFintech Holdings Ltd (NAS:LX) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

1LFA:Germany

Address

No. 3099 Keyuan South Road, 27th Floor, China Energy Storage Tower, Nanshan District, Shenzhen, CHN, 518057

Website

http://ir.lexin.com

LexinFintech Holdings Ltd is an online consumer finance platform and a technology-driven service provider in China. The group is engaged in online direct sales services and online consumer financial services for its customers in China. It offers online direct sales with installment payment terms and offers installment purchase loans and personal installment loans mainly through its retail and online consumer finance platform www.fenqile.com, and its mobile application to young adults between the age of 18 and 36 in the People's Republic of China. The company also finances the loans with proceeds from partnering with peer-to-peer lending platforms, commercial banks, and other financial institutions. Geographically, it derives revenue from China.