Upbound Group Inc. (UPBD)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 560,372 | 597,245 | 625,593 | 670,342 | 525,146 | 548,163 | 558,834 | 523,058 | 513,276 | 854,079 | 825,164 | 742,187 | 592,080 | 542,337 | 486,576 | 476,023 | 458,963 | 431,740 | 391,890 | 294,252 |
| ROE | -0.92% | 1.46% | -0.23% | 9.54% | 2.35% | 3.56% | 8.33% | 16.85% | 26.29% | 21.24% | 27.17% | 27.13% | 35.15% | 35.46% | 32.79% | 45.27% | 46.96% | 40.92% | 40.40% | 26.38% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $-5,179K ÷ $560,372K
= -0.92%
Upbound Group Inc.'s return on equity (ROE) has exhibited fluctuations over the past few quarters. The ROE for the most recent quarter, ending December 31, 2023, was negative at -0.92%, indicating that the company generated a net loss relative to its shareholders' equity during that period.
The trend in ROE shows a decline from the high of 46.96% in the fourth quarter of 2019 to the recent negative range. This decrease in ROE could be a cause for concern as it suggests a decrease in the company's ability to generate profits from its equity capital.
It is important to further analyze the reasons behind the negative ROE in the recent quarters to determine whether they are due to operational inefficiencies, declining profitability, or other factors impacting the company's financial performance. Additionally, monitoring the trend of ROE over time will be crucial to assess the company's ability to generate returns for its shareholders and to identify potential areas for improvement.
Peer comparison
Dec 31, 2023