Upbound Group Inc. (UPBD)
Working capital turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,992,410 | 4,245,390 | 4,583,450 | 2,814,190 | 2,669,850 |
| Total current assets | US$ in thousands | 100,103 | 151,129 | 114,738 | 164,888 | 75,372 |
| Total current liabilities | US$ in thousands | 613,804 | 445,168 | 369,899 | 388,116 | 343,050 |
| Working capital turnover | — | — | — | — | — |
December 31, 2023 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $3,992,410K ÷ ($100,103K – $613,804K)
= —
The working capital turnover ratio measures how efficiently a company is utilizing its working capital to generate revenue. It is calculated by dividing net sales by average working capital. However, without specific data for working capital or sales figures provided for Upbound Group Inc., it is not possible to compute the working capital turnover ratio for the years 2019 to 2023. This ratio is important as it indicates how well a company is managing its working capital in relation to its sales revenue. Without this information, the analysis of Upbound Group Inc.'s working capital turnover remains inconclusive.
Peer comparison
Dec 31, 2023