Upbound Group Inc. (UPBD)
Fixed asset turnover
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,992,411 | 3,964,780 | 4,009,642 | 4,101,739 | 4,245,399 | 4,426,370 | 4,583,680 | 4,706,400 | 4,583,460 | 4,128,521 | 3,659,266 | 3,149,032 | 2,814,191 | 2,765,562 | 2,702,918 | 2,675,097 | 2,669,852 | 2,663,740 | 2,659,311 | 2,659,116 |
| Property, plant and equipment | US$ in thousands | 273,118 | 277,216 | 283,460 | 287,961 | 295,371 | 300,135 | 298,134 | 301,907 | 308,098 | 309,316 | 306,466 | 309,860 | 141,641 | 145,298 | 151,431 | 160,082 | 166,138 | 193,925 | 197,750 | 211,898 |
| Fixed asset turnover | 14.62 | 14.30 | 14.15 | 14.24 | 14.37 | 14.75 | 15.37 | 15.59 | 14.88 | 13.35 | 11.94 | 10.16 | 19.87 | 19.03 | 17.85 | 16.71 | 16.07 | 13.74 | 13.45 | 12.55 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $3,992,411K ÷ $273,118K
= 14.62
The fixed asset turnover ratio of Upbound Group Inc. indicates how efficiently the company generates sales revenue with its investment in fixed assets. The trend in the fixed asset turnover ratio over time shows fluctuations, but overall, there is an upward trend from 10.16 in March 2021 to 14.62 in December 2023.
The company's ability to generate sales from its fixed assets has generally improved, with higher ratios indicating that the company is utilizing its fixed assets more efficiently to generate revenue. This can be a positive sign of operational efficiency and effective asset management.
However, it is important to note that a very high fixed asset turnover ratio may also indicate aggressive sales practices or underutilization of fixed assets. Therefore, it is essential to combine the analysis of the fixed asset turnover ratio with other financial ratios and qualitative factors to get a comprehensive understanding of Upbound Group Inc.'s overall performance and sustainability.
Peer comparison
Dec 31, 2023