Upbound Group Inc. (UPBD)
Total asset 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 4,320,570 | 4,259,430 | 4,169,668 | 4,072,321 | 3,992,411 | 3,964,780 | 4,009,642 | 4,101,739 | 4,245,399 | 4,426,370 | 4,583,680 | 4,706,400 | 4,583,460 | 4,128,521 | 3,659,266 | 3,149,032 | 2,814,191 | 2,765,562 | 2,702,918 | 2,675,097 |
| Total assets | US$ in thousands | 2,649,660 | 2,578,490 | 2,620,280 | 2,626,980 | 2,721,430 | 2,626,080 | 2,585,920 | 2,741,120 | 2,763,620 | 2,768,600 | 2,767,130 | 2,777,120 | 2,993,330 | 3,053,670 | 3,035,300 | 3,006,960 | 1,750,980 | 1,667,560 | 1,576,630 | 1,607,060 |
| Total asset turnover | 1.63 | 1.65 | 1.59 | 1.55 | 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 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $4,320,570K ÷ $2,649,660K
= 1.63
Total asset turnover indicates how efficiently a company is utilizing its assets to generate revenue. Upbound Group Inc.'s total asset turnover has fluctuated over the past few years, ranging from 1.05 to 1.71. The company experienced a decline in total asset turnover from March 31, 2021, to September 30, 2021, before showing an increasing trend until December 31, 2022.
However, from March 31, 2023, to December 31, 2024, the total asset turnover has shown a slight decrease, indicating a potential reduction in asset efficiency. It is important for Upbound Group Inc. to analyze the reasons behind this trend and take necessary steps to improve asset efficiency to ensure sustainable revenue generation in the future.
Peer comparison
Dec 31, 2024