Upbound Group Inc. (UPBD)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,320,560 | 3,992,410 | 4,245,390 | 4,583,450 | 2,814,190 |
| Total assets | US$ in thousands | 2,649,660 | 2,721,430 | 2,763,620 | 2,993,330 | 1,750,980 |
| Total asset turnover | 1.63 | 1.47 | 1.54 | 1.53 | 1.61 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $4,320,560K ÷ $2,649,660K
= 1.63
Total asset turnover is a financial ratio that measures a company's efficiency in generating sales revenue from its assets. Upbound Group Inc.'s total asset turnover has fluctuated over the five-year period from 2020 to 2024.
In 2020, the total asset turnover was 1.61, indicating that for every dollar of assets held by the company, it generated $1.61 in sales revenue. However, this ratio decreased to 1.53 in 2021 and 1.54 in 2022, suggesting a slightly lower efficiency in utilizing its assets to generate revenue.
The trend continued with a further decline in 2023 to 1.47, indicating a potential inefficiency in asset utilization during that period. Nevertheless, in 2024, the total asset turnover ratio improved to 1.63, showing a better performance in generating sales relative to the assets deployed by the company.
Overall, while there were fluctuations in Upbound Group Inc.'s total asset turnover over the observed period, the company managed to maintain a relatively efficient utilization of its assets to generate sales revenue, with a slight improvement in the most recent year.
Peer comparison
Dec 31, 2024