Upbound Group Inc. (UPBD)

Short-term

Turnover ratios

Based on the provided data, we can analyze the activity ratios of Upbound Group Inc. as follows:

1. Inventory Turnover:
- The inventory turnover ratio measures how many times a company sells and replaces its inventory during a specific period.
- In 2023, Upbound Group Inc. had an inventory turnover of 307.93, which indicates that the company sold and replaced its inventory approximately 308 times during that year.
- The trend shows a slight decrease from 2022 (309.94) to 2023, but overall, the company has maintained a high inventory turnover ratio, which could imply efficient inventory management or high demand for its products.

2. Receivables Turnover:
- No data is available for receivables turnover, making it impossible to assess how quickly Upbound Group Inc. collects its outstanding accounts receivable. This could indicate a gap in the data provided or a lack of information on the company's accounts receivable turnover.

3. Payables Turnover:
- No data is provided for payables turnover, preventing an analysis of how quickly the company pays its suppliers and trade payables. This information is crucial for understanding the efficiency of the company's payment processes and its relationships with suppliers.

4. Working Capital Turnover:
- Data is missing for working capital turnover, which hinders the assessment of how effectively Upbound Group Inc. utilizes its working capital to generate sales. This ratio can shed light on the company's operational efficiency and capital management.

Overall, while the inventory turnover ratio for Upbound Group Inc. indicates efficient inventory management, the lack of data for receivables turnover, payables turnover, and working capital turnover limits a comprehensive assessment of the company's overall activity ratios and operational performance. Additional information on these ratios would provide a more detailed insight into the company's liquidity, efficiency, and financial health.

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Average number of days

Days of inventory on hand (DOH) for Upbound Group Inc. have shown a relatively stable trend over the past five years, ranging from 1.00 days to 1.74 days. This indicates that the company has effectively managed its inventory levels, with a lower number of days suggesting efficient turnover and potentially lower carrying costs.

Unfortunately, the data for Days of Sales Outstanding (DSO) and Number of Days of Payables is not provided, making it challenging to assess the efficiency of the company's accounts receivable and accounts payable management. Without this information, it is difficult to determine how quickly Upbound Group is collecting cash from customers or paying its suppliers.

In conclusion, based on the available data for Days of Inventory on Hand, Upbound Group Inc. appears to have a good handle on managing its inventory levels efficiently. However, a more comprehensive analysis incorporating DSO and Days of Payables would provide a clearer picture of the company's overall efficiency in managing its working capital.

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Long-term

The fixed asset turnover ratio of Upbound Group Inc. has shown relatively consistent performance over the past five years, ranging from 14.37 to 19.87. This indicates that the company efficiently utilizes its fixed assets to generate sales, with a higher ratio suggesting higher productivity in utilizing fixed assets.

In contrast, the total asset turnover ratio has declined steadily over the same period, from 1.69 in 2019 to 1.47 in 2023. This decline suggests that the company's overall asset base is less efficiently generating sales compared to previous years.

The trend in fixed asset turnover implies that Upbound Group Inc. has been successful in optimizing the use of its fixed assets to drive revenue. However, the decreasing trend in total asset turnover could indicate a decrease in the overall efficiency of utilizing all assets to generate sales. Further analysis and consideration of industry benchmarks would be beneficial in understanding the company's overall operational efficiency and asset management strategies.