UP Fintech Holding (UP Fintech Holding) COGS-to-Revenue : 0.38 (As of Mar. 2024)

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What is UP Fintech Holding COGS-to-Revenue?

UP Fintech Holding's Cost of Goods Sold for the three months ended in Mar. 2024 was $30.0 Mil. Its Revenue for the three months ended in Mar. 2024 was $78.9 Mil.

UP Fintech Holding's COGS to Revenue for the three months ended in Mar. 2024 was 0.38.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. UP Fintech Holding's Gross Margin % for the three months ended in Mar. 2024 was 61.98%.

UP Fintech Holding COGS-to-Revenue Historical Data

The historical data trend for UP Fintech Holding'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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UP Fintech Holding COGS-to-Revenue Chart

UP Fintech Holding Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.65

0.41

0.45

0.52

0.40

UP Fintech Holding Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
COGS-to-Revenue	Get a 7-Day Free Trial															0.40	0.39	0.40	0.41	0.38

UP Fintech Holding COGS-to-Revenue Calculation

UP Fintech Holding's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	109.835	/	272.508
	=	0.40

UP Fintech Holding's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	30.018	/	78.948
	=	0.38

UP Fintech Holding (NAS:TIGR) COGS-to-Revenue Explanation

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

UP Fintech Holding's Gross Margin % for the three months ended in Mar. 2024 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	30.018 / 78.948
	=	61.98 %

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.

UP Fintech Holding COGS-to-Revenue Related Terms

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UP Fintech Holding (UP Fintech Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » UP Fintech Holding Ltd (NAS:TIGR) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

TIGR:Mexico 0A32:UK 1M5:Germany

Address

No. 16 Taiyanggong Middle Road, 18th Floor, Grandyvic Building, No. 1 Building, Chaoyang District, Beijing, CHN, 100020

Website

https://www.itiger.com

UP Fintech Holding Ltd is an online brokerage firm focusing on Chinese investors. Its trading platform enables investors to trade in equities and other financial instruments on multiple exchanges of stocks and other derivatives. The company offers its customers brokerage and value-added services, including trade order placement and execution, margin financing, account management, investor education, community discussion, and customer support. Clients may use Tiger's flagship mobile trading APP, Tiger Trade, to trade equities in The U.S., Hong Kong, Singapore, and Australia as well as futures, options, and funds.