Elevate Credit (LTS:0XWD) COGS-to-Revenue : 0.65 (As of Sep. 2022)

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What is Elevate Credit COGS-to-Revenue?

Elevate Credit's Cost of Goods Sold for the three months ended in Sep. 2022 was $81.8 Mil. Its Revenue for the three months ended in Sep. 2022 was $125.6 Mil.

Elevate Credit's COGS to Revenue for the three months ended in Sep. 2022 was 0.65.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Elevate Credit's Gross Margin % for the three months ended in Sep. 2022 was 34.92%.

Elevate Credit COGS-to-Revenue Historical Data

The historical data trend for Elevate Credit'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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Elevate Credit COGS-to-Revenue Chart

Elevate Credit Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

COGS-to-Revenue

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0.67

0.65

0.59

0.40

0.58

Elevate Credit Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
COGS-to-Revenue	Get a 7-Day Free Trial															0.67	0.76	0.75	0.62	0.65

Elevate Credit COGS-to-Revenue Calculation

Elevate Credit's COGS to Revenue for the fiscal year that ended in Dec. 2021 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	241.327	/	416.637
	=	0.58

Elevate Credit's COGS to Revenue for the quarter that ended in Sep. 2022 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	81.757	/	125.617
	=	0.65

Elevate Credit (LTS:0XWD) COGS-to-Revenue Explanation

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

Elevate Credit's Gross Margin % for the three months ended in Sep. 2022 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	81.757 / 125.617
	=	34.92 %

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.

Elevate Credit COGS-to-Revenue Related Terms

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Elevate Credit (LTS:0XWD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Elevate Credit Inc (LTS:0XWD) » Definitions » COGS-to-Revenue

Comparable Companies

NICK JT BWMY AHG NISN YRD FIGI LMFA PT XYF V MA AXP PYPL COF BOM:500034 DFS TSE:8591 SYF ALLY

Traded in Other Exchanges

N/A

Address

4150 International Plaza, Suite 300, Fort Worth, TX, USA, 76109

Website

https://www.elevate.com

Elevate Credit Inc provides online credit solutions. The company provides credit to non-prime consumers, many of whom face reduced credit options and increased financial pressure due to macroeconomic changes over the past few decades. It has one reportable segment, which provides online financial services for subprime credit consumers, which is composed of the company's operations in the United States.

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