Upbound Group Inc. (UPBD)
Payables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,970,160 | 2,165,860 | 2,348,440 | 1,142,040 | 1,025,780 |
| Payables | US$ in thousands | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
December 31, 2023 calculation
Payables turnover = Cost of revenue ÷ Payables
= $1,970,160K ÷ $—K
= —
To calculate the payables turnover ratio for Upbound Group Inc., we need data on cost of goods sold (COGS) and average accounts payable for each year. Since the table provided does not include the required information, we are unable to calculate the payables turnover ratio for any year.
The payables turnover ratio is a key financial metric that measures how efficiently a company manages its payments to suppliers. A higher ratio indicates that the company is paying its suppliers more frequently, which can be beneficial in terms of maintaining good relationships with suppliers and potentially negotiating better terms.
A decreasing payables turnover ratio over time may suggest that the company is taking longer to pay its suppliers, which could indicate potential cash flow issues or strained relationships with vendors. On the other hand, a consistently high payables turnover ratio may indicate that the company is paying suppliers quickly, possibly jeopardizing liquidity and financial flexibility.
Without the necessary data, it is not possible to provide a detailed analysis of Upbound Group Inc.'s payables turnover ratio over the years. Investors and analysts interested in evaluating the company's payables management should refer to the company's financial statements or other sources with the required information.
Peer comparison
Dec 31, 2023