Upbound Group Inc. (UPBD)
Return on total capital
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 166,285 | 152,286 | 130,272 | 103,399 | 149,180 | 143,455 | 166,499 | 214,889 | 265,178 | 283,123 | 303,125 | 250,462 | 238,104 | 251,259 | 207,684 | 285,610 | 296,783 | 242,322 | 231,535 | 127,062 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Return on total capital | 29.67% | 25.50% | 20.82% | 15.42% | 28.41% | 26.17% | 29.79% | 41.08% | 51.66% | 33.15% | 36.74% | 33.75% | 40.21% | 46.33% | 42.68% | 60.00% | 64.66% | 56.13% | 59.08% | 43.18% |
December 31, 2023 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $166,285K ÷ ($—K + $560,372K)
= 29.67%
The return on total capital for Upbound Group Inc. has varied over the past few quarters. It experienced a strong performance in the December 2020 and March 2020 quarters with return on total capital figures of 64.66% and 60.00% respectively. However, in the subsequent quarters up to December 2023, the return on total capital fluctuated between 15.42% and 29.67%.
Overall, the return on total capital for Upbound Group Inc. indicates that the company has been able to generate a positive return on the total capital employed in its operations. The fluctuations in the return on total capital may be reflective of changes in the company's profitability, efficiency, and overall financial performance during the respective periods. Further analysis of the company's financial statements and business operations would be needed to understand the factors driving these fluctuations and to assess the sustainability of the company's returns on total capital.
Peer comparison
Dec 31, 2023