Upbound Group Inc. (UPBD)
Inventory 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 2,240,213 | 2,174,712 | 2,098,871 | 2,027,257 | 1,970,155 | 1,959,766 | 1,996,256 | 2,062,030 | 2,165,860 | 2,273,929 | 2,368,015 | 2,435,807 | 2,348,439 | 2,034,347 | 1,708,826 | 1,386,537 | 1,142,039 | 1,109,686 | 1,072,074 | 1,035,714 |
| Inventory | US$ in thousands | 5,522 | 5,572 | 5,455 | 5,903 | 6,398 | 5,537 | 5,086 | 6,105 | 6,988 | 6,942 | 5,994 | 5,409 | 6,405 | 7,134 | 5,826 | 5,726 | 5,439 | 4,287 | 4,317 | 5,192 |
| 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 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $2,240,213K ÷ $5,522K
= 405.69
The inventory turnover ratio for Upbound Group Inc. has shown fluctuations over the past few quarters, indicating varying efficiency in managing its inventory. The ratio peaked at 450.32 in March 31, 2022, reflecting a high rate of inventory turnover during that period. Subsequently, there was a decline in the ratio to 309.94 by December 31, 2022, suggesting a slowdown in inventory turnover efficiency.
The ratio fluctuated further in the following quarters, with a slight increase to 392.50 by June 30, 2023, before dropping to 307.93 by December 31, 2023. This trend indicates potential challenges in controlling inventory levels and aligning them with sales demand during those periods.
During the most recent quarters, there was a notable recovery in inventory turnover, with the ratio reaching 405.69 by December 31, 2024. This improvement suggests that Upbound Group Inc. may have implemented more effective inventory management strategies to optimize the utilization of its inventory.
In conclusion, the analysis of Upbound Group Inc.'s inventory turnover reveals fluctuations in efficiency in managing inventory levels over the quarters, with some periods showing improvements while others indicating potential challenges in inventory control. Further monitoring and analysis of inventory turnover trends will be essential for assessing the company's inventory management performance in the future.
Peer comparison
Dec 31, 2024
Dec 31, 2024