Jiayin Group (Jiayin Group) Gross Margin % : 47.69% (As of Dec. 2023)

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What is Jiayin Group Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Jiayin Group's Gross Profit for the three months ended in Dec. 2023 was $106.9 Mil. Jiayin Group's Revenue for the three months ended in Dec. 2023 was $224.2 Mil. Therefore, Jiayin Group's Gross Margin % for the quarter that ended in Dec. 2023 was 47.69%.

Warning Sign:

Jiayin Group Inc gross margin has been in long-term decline. The average rate of decline per year is -4.2%.

The historical rank and industry rank for Jiayin Group's Gross Margin % or its related term are showing as below:

JFIN' s Gross Margin % Range Over the Past 10 Years
Min: 63.2 Med: 81.37 Max: 89.81
Current: 63.29

During the past 8 years, the highest Gross Margin % of Jiayin Group was 89.81%. The lowest was 63.20%. And the median was 81.37%.

JFIN's Gross Margin % is ranked better than
52.6% of 519 companies
in the Interactive Media industry
Industry Median: 60.93 vs JFIN: 63.29

Jiayin Group had a gross margin of 47.69% for the quarter that ended in Dec. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Jiayin Group was -4.20% per year.

Jiayin Group Gross Margin % Historical Data

The historical data trend for Jiayin Group's Gross Margin % 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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Jiayin Group Gross Margin % Chart

Jiayin Group Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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80.92

81.60

81.13

82.72

63.20

Jiayin Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Margin %	Get a 7-Day Free Trial															81.50	75.56	72.15	62.88	47.69

Competitive Comparison of Jiayin Group's Gross Margin %

For the Internet Content & Information subindustry, Jiayin Group's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Jiayin Group's Gross Margin % Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Jiayin Group's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Jiayin Group's Gross Margin % falls into.

Jiayin Group Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Jiayin Group's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )	=	Gross Profit (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	483.9	/	765.647
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(765.647 - 281.722)	/	765.647
	=	63.20 %

Jiayin Group's Gross Margin for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )	=	Gross Profit (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	106.9	/	224.159
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(224.159 - 117.258)	/	224.159
	=	47.69 %

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

Jiayin Group (NAS:JFIN) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Jiayin Group had a gross margin of 47.69% for the quarter that ended in Dec. 2023 => Durable competitive advantage

Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.

Jiayin Group Gross Margin % Related Terms

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Jiayin Group (Jiayin Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Jiayin Group Inc (NAS:JFIN) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 428 South Yanggao Road, Room 26F, 18th Floor, Building No. 1, Youyou Century Plaza, Pudong New Area, Shanghai, CHN, 200122

Website

http://www.jiayintech.cn

Jiayin Group Inc is China's technology service group. It is an enterprise engaged in technological innovation services. It is committed to using big data, cloud computing, artificial intelligence and other technologies to connect consumers and financial institutions in consumption scenarios so that every user can enjoy efficient and convenient technology services. The company has engraved technological innovation into the company's development genes since its establishment, adheres to the dual drive of digital + technology, and focuses on building a cloud service platform and intelligent risk control system with big data drive as the core concept.