Upbound Group Inc. (UPBD)
Activity ratios
Short-term
Turnover ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 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 | 210.29 | 278.50 | 257.89 | 268.45 |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Working capital turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Based on the provided data, Upbound Group Inc. has shown a fluctuating trend in its inventory turnover ratio over the past few years. The inventory turnover ratio measures how efficiently the company is managing its inventory.
The inventory turnover ratio has generally been on an upward trajectory, reaching a peak of 450.32 in March 2022 before experiencing a slight decline. This indicates that the company is selling its inventory more frequently and efficiently, which can be a positive sign of effective inventory management and sales performance.
However, the company's lack of data for receivables turnover and payables turnover ratios makes it challenging to assess its efficiency in collecting receivables and managing payables. These ratios are crucial in evaluating a company's effectiveness in managing its accounts receivable and accounts payable.
Moreover, the absence of data for working capital turnover ratio prevents us from analyzing how effectively the company is utilizing its working capital to generate sales revenue.
In conclusion, while the inventory turnover ratio of Upbound Group Inc. shows an improving trend, the lack of data for other activity ratios hinders a comprehensive assessment of the company's overall operational efficiency and effectiveness in managing its working capital.
Average number of days
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 1.19 | 1.03 | 0.93 | 1.08 | 1.18 | 1.11 | 0.92 | 0.81 | 1.00 | 1.28 | 1.24 | 1.51 | 1.74 | 1.41 | 1.47 | 1.83 | 1.74 | 1.31 | 1.42 | 1.36 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
The Days of Inventory on Hand (DOH) ratio for Upbound Group Inc. fluctuated over the periods analyzed, ranging from a low of 0.81 days to a high of 1.83 days. Generally, the trend indicates efficient management of inventory, with the company holding inventory for a relatively short time before selling it.
On the other hand, information on Days of Sales Outstanding (DSO) and Number of Days of Payables was not provided in the data for the periods in question. This lack of data makes it impossible to assess the efficiency of the company in collecting receivables and managing payables during those specific periods.
Overall, based solely on the Days of Inventory on Hand data, Upbound Group Inc. appears to have effectively controlled its inventory levels and turnover, potentially enhancing liquidity and minimizing storage costs.
Long-term
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Total asset turnover | 1.47 | 1.51 | 1.55 | 1.50 | 1.54 | 1.60 | 1.66 | 1.69 | 1.53 | 1.35 | 1.21 | 1.05 | 1.61 | 1.66 | 1.71 | 1.66 | 1.69 | 1.78 | 1.52 | 1.58 |
Upbound Group Inc.'s fixed asset turnover ratio has exhibited a relatively stable trend over the past five quarters, ranging between 14.15 and 15.59. This indicates that the company generates revenue efficiently from its fixed assets, with the highest turnover recorded in the second quarter of 2022.
In contrast, the total asset turnover ratio has fluctuated more, varying between 1.47 and 1.69 during the same period. The ratios suggest that Upbound Group Inc. has been able to generate revenue from its total assets at a relatively consistent rate, with the highest turnover occurring in the second quarter of 2022.
Overall, both ratios indicate that Upbound Group Inc. is efficiently utilizing its assets to generate revenue, with the fixed asset turnover revealing solid efficiency in generating sales from fixed assets specifically, and the total asset turnover demonstrating a consistent ability to generate sales from all assets.