Pagaya Technologies (Pagaya Technologies) COGS-to-Revenue : 0.61 (As of Mar. 2024)

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What is Pagaya Technologies COGS-to-Revenue?

Pagaya Technologies's Cost of Goods Sold for the three months ended in Mar. 2024 was $144.9 Mil. Its Revenue for the three months ended in Mar. 2024 was $237.0 Mil.

Pagaya Technologies's COGS to Revenue for the three months ended in Mar. 2024 was 0.61.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Pagaya Technologies's Gross Margin % for the three months ended in Mar. 2024 was 38.87%.

Pagaya Technologies COGS-to-Revenue Historical Data

The historical data trend for Pagaya Technologies'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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Pagaya Technologies COGS-to-Revenue Chart

Pagaya Technologies Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

0.54

0.52

0.66

Pagaya Technologies Quarterly Data
	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
COGS-to-Revenue	Get a 7-Day Free Trial								0.71	0.65	0.64	0.64	0.61

Pagaya Technologies COGS-to-Revenue Calculation

Pagaya Technologies's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	508.944	/	772.814
	=	0.66

Pagaya Technologies's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	144.881	/	237.004
	=	0.61

Pagaya Technologies (NAS:PGY) COGS-to-Revenue Explanation

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

Pagaya Technologies'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	-	144.881 / 237.004
	=	38.87 %

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.

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Pagaya Technologies (Pagaya Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Pagaya Technologies Ltd (NAS:PGY) » Definitions » COGS-to-Revenue

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Traded in Other Exchanges

N/A

Address

Derech Menachem Begin 121, Azrieli Sarona Building, 54th Floor, Tel-Aviv, ISR, 6701203

Website

https://www.pagaya.com

Pagaya Technologies Ltd is a financial technology company working to reshape the lending marketplace by using machine learning, big data analytics, and sophisticated AI-driven credit and analysis technology. It was built to provide a comprehensive solution to enable the credit industry to deliver customers a positive experience while simultaneously enhancing the broader credit ecosystem. Its proprietary API seamlessly integrates into its next-gen infrastructure network of partners to deliver a premium customer user experience and greater access to credit.