Upbound Group Inc. (UPBD)
Total asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 2,669,852 | 2,663,740 | 2,659,311 | 2,659,116 |
| Total assets | US$ in thousands | 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 | 1,582,800 | 1,497,930 | 1,744,210 | 1,681,420 |
| 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 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,992,411K ÷ $2,721,430K
= 1.47
The total asset turnover of Upbound Group Inc. has fluctuated over the past few years, ranging from a low of 1.05 in March 2021 to a high of 1.78 in March 2019. The ratio measures the efficiency with which the company generates sales revenue from its total assets. A higher total asset turnover generally indicates better efficiency in asset utilization.
The company experienced a decreasing trend in total asset turnover from 2019 to early 2021, indicating potential inefficiencies in asset management during that period. However, from mid-2021 to the end of 2023, there was a gradual improvement in total asset turnover, suggesting a more effective use of assets to generate sales revenue.
The most recent total asset turnover of 1.47 as of December 31, 2023, is slightly lower than some of the previous periods, but still within a reasonable range. It is important for Upbound Group Inc. to continue monitoring and managing its asset turnover to ensure optimal utilization of assets and improve overall performance in generating revenue from its asset base.
Peer comparison
Dec 31, 2023