Upbound Group Inc. (UPBD)
Return on assets (ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -5,179 | 8,722 | -1,419 | 63,924 | 12,357 | 19,522 | 46,567 | 88,151 | 134,940 | 181,428 | 224,191 | 201,375 | 208,115 | 192,306 | 159,553 | 215,515 | 215,515 | 176,688 | 158,329 | 77,627 |
| 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 |
| ROA | -0.19% | 0.33% | -0.05% | 2.33% | 0.45% | 0.71% | 1.68% | 3.17% | 4.51% | 5.94% | 7.39% | 6.70% | 11.89% | 11.53% | 10.12% | 13.41% | 13.62% | 11.80% | 9.08% | 4.62% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $-5,179K ÷ $2,721,430K
= -0.19%
Upbound Group Inc.'s return on assets (ROA) has exhibited fluctuations over the past five years. The ROA declined from 4.62% in December 2019 to -0.19% in December 2020, indicating a negative performance at the end of 2020. However, there was a significant recovery noted throughout 2021, with ROA steadily increasing from 6.70% in March 2021 to 7.39% by the end of September 2021.
Subsequently, the ROA continued to rise over the next few quarters, reaching a peak of 13.62% in March 2020. The company's assets were generating a higher return during this period, reflecting improved efficiency or profitability. However, there was a slight decline in the ROA to 2.33% in March 2023.
It is essential to monitor the ROA closely to assess Upbound Group Inc.'s ability to generate profits from its assets efficiently. The inconsistent performance of ROA in recent quarters indicates fluctuations in the company's profitability relative to its total assets. Further analysis and comparisons with industry benchmarks may be necessary to understand the underlying factors affecting Upbound Group Inc.'s ROA.
Peer comparison
Dec 31, 2023