Upbound Group Inc. (UPBD)
Return on total capital
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 166,285 | 149,179 | 265,178 | 238,104 | 254,814 |
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 560,372 | 525,146 | 513,276 | 592,080 | 458,963 |
| Return on total capital | 29.67% | 28.41% | 51.66% | 40.21% | 55.52% |
December 31, 2023 calculation
Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $166,285K ÷ ($—K + $560,372K)
= 29.67%
The return on total capital for Upbound Group Inc. has shown some fluctuations over the past five years. The ratio has ranged from a low of 28.41% in 2022 to a high of 55.52% in 2019. In 2023, the return on total capital increased to 29.67% compared to the previous year.
Overall, the company has generally generated favorable returns relative to the amount of capital invested in the business, as indicated by the consistently positive percentages. However, investors and stakeholders may want to further investigate the factors contributing to the fluctuations in the return on total capital to better understand the company's operational efficiency and profitability over the years.
Peer comparison
Dec 31, 2023