Upbound Group Inc. (UPBD)
Fixed asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 4,320,570 | 4,259,430 | 4,169,668 | 4,072,321 | 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 |
| Property, plant and equipment | US$ in thousands | 254,151 | 258,075 | 259,036 | 262,527 | 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 |
| Fixed asset turnover | 17.00 | 16.50 | 16.10 | 15.51 | 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 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $4,320,570K ÷ $254,151K
= 17.00
Upbound Group Inc.'s fixed asset turnover has shown a generally increasing trend from March 31, 2020, to December 31, 2024. The ratio started at 16.71 in March 2020 and peaked at 17.00 by December 2024. This indicates that the company generated $17.00 in sales revenue for every dollar invested in fixed assets at the end of 2024.
The upward trend in fixed asset turnover suggests that Upbound Group Inc. has been effectively utilizing its fixed assets to generate sales over the years. However, it is essential to closely monitor this ratio to ensure the company maintains its efficiency in utilizing fixed assets to drive revenue growth and profitability.
Peer comparison
Dec 31, 2024