Yiren Digital (Yiren Digital) COGS-to-Revenue : 0.19 (As of Sep. 2023)

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What is Yiren Digital COGS-to-Revenue?

Yiren Digital's Cost of Goods Sold for the three months ended in Sep. 2023 was $33.6 Mil. Its Revenue for the three months ended in Sep. 2023 was $179.6 Mil.

Yiren Digital's COGS to Revenue for the three months ended in Sep. 2023 was 0.19.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Yiren Digital's Gross Margin % for the three months ended in Sep. 2023 was 81.28%.

Yiren Digital COGS-to-Revenue Historical Data

The historical data trend for Yiren Digital'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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Yiren Digital COGS-to-Revenue Chart

Yiren Digital Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.08

0.28

0.17

0.23

0.20

Yiren Digital 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															0.19	0.20	0.26	0.19	0.14

Yiren Digital COGS-to-Revenue Calculation

Yiren Digital's COGS to Revenue for the fiscal year that ended in Dec. 2022 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	111.428	/	492.652
	=	0.23

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

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	33.621	/	179.61
	=	0.19

Yiren Digital (NYSE:YRD) COGS-to-Revenue Explanation

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

Yiren Digital's Gross Margin % for the three months ended in Sep. 2023 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	33.621 / 179.61
	=	81.28 %

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.

Yiren Digital COGS-to-Revenue 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 » COGS-to-Revenue

Comparable Companies

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.