Upbound Group Inc. (UPBD)
Payables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 2,240,210 | 1,970,160 | 2,165,860 | 2,348,440 | 1,142,040 |
| Payables | US$ in thousands | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
December 31, 2024 calculation
Payables turnover = Cost of revenue ÷ Payables
= $2,240,210K ÷ $—K
= —
Based on the provided data, Upbound Group Inc. has reported a payables turnover ratio of "—", indicating that specific information regarding the turnover of payables for the years provided is not available.
The payables turnover ratio is a financial metric used to assess how effectively a company is managing its accounts payable by measuring how many times a company pays off its suppliers during a specific period. A higher payables turnover ratio typically indicates that a company is managing its payables efficiently, whereas a lower ratio could suggest delayed payment to suppliers.
Without the specific values for the payables turnover ratio for the years in question, it is challenging to provide a detailed analysis of Upbound Group Inc.'s payables management efficiency over the specified period. It is essential for the company to track and disclose this ratio in its financial statements to provide stakeholders with a better understanding of its cash flow management and supplier relationships.
Peer comparison
Dec 31, 2024