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LendingClub (FRA:8LCA) Gross-Profit-to-Asset % : 8.01% (As of Mar. 2024)


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What is LendingClub Gross-Profit-to-Asset %?

Gross-Profit-to-Asset % is calculated as Gross Profit divided by its average Total Assets over a certain period of time. LendingClub's annualized Gross Profit for the quarter that ended in Mar. 2024 was €664.9 Mil. LendingClub's average Total Assets over the quarter that ended in Mar. 2024 was €8,300.0 Mil. Therefore, LendingClub's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 was 8.01%.

LendingClub Gross-Profit-to-Asset % Historical Data

The historical data trend for LendingClub's Gross-Profit-to-Asset % 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.

* Premium members only.

LendingClub Gross-Profit-to-Asset % Chart

LendingClub Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross-Profit-to-Asset %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 21.81 11.89 24.69 18.88 10.15

LendingClub Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Gross-Profit-to-Asset % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 11.69 10.70 9.49 8.97 8.01

Competitive Comparison of LendingClub's Gross-Profit-to-Asset %

For the Credit Services subindustry, LendingClub's Gross-Profit-to-Asset %, along with its competitors' market caps and Gross-Profit-to-Asset % 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.

LendingClub's Gross-Profit-to-Asset % Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, LendingClub's Gross-Profit-to-Asset % distribution charts can be found below:

* The bar in red indicates where LendingClub's Gross-Profit-to-Asset % falls into.


LendingClub Gross-Profit-to-Asset % Calculation

LendingClub's annualized Gross-Profit-to-Asset % for the fiscal year that ended in Dec. 2023 is calculated as:

Gross-Profit-to-Asset %=Gross Profit (A: Dec. 2023 )/( (Total Assets (A: Dec. 2022 )+Total Assets (A: Dec. 2023 ))/ count )
=792.856/( (7532.881+8094.784)/ 2 )
=792.856/7813.8325
=10.15 %

LendingClub's annualized Gross-Profit-to-Asset % for the quarter that ended in Mar. 2024 is calculated as:

Gross-Profit-to-Asset %=Gross Profit (Q: Mar. 2024 )/( (Total Assets (Q: Dec. 2023 )+Total Assets (Q: Mar. 2024 ))/ count )
=664.932/( (8094.784+8505.242)/ 2 )
=664.932/8300.013
=8.01 %

* 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.

In the calculation of annual Gross-Profit-to-Asset %, the Gross Profit of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data, the Gross Profit data used here is four times the quarterly (Mar. 2024) data. Gross-Profit-to-Asset % is displayed in the 30-year financial page.

LendingClub Gross-Profit-to-Asset % Related Terms

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LendingClub (FRA:8LCA) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » LendingClub Corp (FRA:8LCA) » Definitions » Gross-Profit-to-Asset %
Comparable Companies
WRLD GDOT RWAY PRAA EZPW ATLC QD LPRO LX RM V MA AXP PYPL BOM:500034 COF TSE:8591 DFS XPAR:EDEN NSE:CHOLAFIN
Traded in Other Exchanges
LC:USA
Address
595 Market Street, Suite 200, San Francisco, CA, USA, 94105
Website
https://www.lendingclub.com
LendingClub Corp is a company engaged in operating an online lending marketplace platform that connects borrowers and investors for the provision of the loan facility. It offers investors access to an asset class that has generally been closed to many investors and only available on a limited basis to institutional investors. The company through the platform offers loan products such as personal, education and patient finance, small business, and auto to interested investors. It generates a majority of the revenue from the transaction fees received from the platform's role in accepting and decisioning applications on behalf of the bank partners to enable loan originations.

LendingClub (FRA:8LCA) Headlines

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