Pintec Technology Holdings (Pintec Technology Holdings) COGS-to-Revenue : 0.88 (As of Jun. 2023)

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What is Pintec Technology Holdings COGS-to-Revenue?

Pintec Technology Holdings's Cost of Goods Sold for the six months ended in Jun. 2023 was $4.31 Mil. Its Revenue for the six months ended in Jun. 2023 was $4.90 Mil.

Pintec Technology Holdings's COGS to Revenue for the six months ended in Jun. 2023 was 0.88.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Pintec Technology Holdings's Gross Margin % for the six months ended in Jun. 2023 was 12.00%.

Pintec Technology Holdings COGS-to-Revenue Historical Data

The historical data trend for Pintec Technology 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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Pintec Technology Holdings COGS-to-Revenue Chart

Pintec Technology Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

COGS-to-Revenue

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0.68

0.60

0.76

0.52

0.84

Pintec Technology Holdings Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
COGS-to-Revenue	Get a 7-Day Free Trial									0.54	0.49	0.49	1.25	0.88

Pintec Technology Holdings COGS-to-Revenue Calculation

Pintec Technology Holdings's COGS to Revenue for the fiscal year that ended in Dec. 2022 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	8.992	/	10.696
	=	0.84

Pintec Technology Holdings's COGS to Revenue for the quarter that ended in Jun. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	4.312	/	4.9
	=	0.88

Pintec Technology Holdings (NAS:PT) COGS-to-Revenue Explanation

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

Pintec Technology Holdings's Gross Margin % for the six months ended in Jun. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	4.312 / 4.9
	=	12.00 %

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.

Pintec Technology Holdings COGS-to-Revenue Related Terms

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Pintec Technology Holdings (Pintec Technology Holdings) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 109 Yard Tianjizhigu, 3rd Floor, No. 11 Building, Jinghai 3rd Street, BDA, Beijing, CHN, 101111

Website

https://www.pintec.com

Pintec Technology Holdings Ltd is a technology platform that provides financial services in China in terms of loan volume facilitated. The company connects business partners and financial partners on its open platform and enables them to provide financial services to end-users. Its products include installment loans, personal loans, wealth management, insurance brokerage, SME loans, and others. The company generates its revenue from technical service fees also by providing financing for these borrowers and earn installment service fees, They earn wealth management services fees and commission on financial products.