Upbound Group Inc. (UPBD)
Days of inventory on hand (DOH)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 405.69 | 390.29 | 384.76 | 343.43 | 307.93 | 353.94 | 392.50 | 337.76 | 309.94 | 327.56 | 395.06 | 450.32 | 366.66 | 285.16 | 293.31 | 242.15 | 209.97 | 258.85 | 248.34 | 199.48 | |
| DOH | days | 0.90 | 0.94 | 0.95 | 1.06 | 1.19 | 1.03 | 0.93 | 1.08 | 1.18 | 1.11 | 0.92 | 0.81 | 1.00 | 1.28 | 1.24 | 1.51 | 1.74 | 1.41 | 1.47 | 1.83 |
December 31, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 405.69
= 0.90
The days of inventory on hand (DOH) for Upbound Group Inc. have shown a decreasing trend over the period from March 31, 2020, to December 31, 2024. Initially, the company had 1.83 days of inventory on hand, which declined progressively to 0.90 days by December 31, 2024.
A decreasing trend in DOH indicates that the company is managing its inventory efficiently, turning over its inventory at a faster rate. This efficiency suggests effective inventory management practices, such as streamlined supply chains, accurate demand forecasting, and optimized production processes.
A lower DOH value typically signifies that the company is able to quickly convert its inventory into sales, reducing holding costs and potential obsolescence risks. It also indicates that the company is agile in responding to market demands and minimizing excess inventory buildup.
Overall, the decreasing trend in days of inventory on hand for Upbound Group Inc. reflects positively on the company's operational efficiency and effectiveness in managing its inventory levels.
Peer comparison
Dec 31, 2024