Upbound Group (Upbound Group) Days Payable : 27.95 (As of Dec. 2023)

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What is Upbound Group Days Payable?

Upbound Group's average Accounts Payable for the three months ended in Dec. 2023 was $155 Mil. Upbound Group's Cost of Goods Sold for the three months ended in Dec. 2023 was $505 Mil. Hence, Upbound Group's Days Payable for the three months ended in Dec. 2023 was 27.95.

The historical rank and industry rank for Upbound Group's Days Payable or its related term are showing as below:

UPBD' s Days Payable Range Over the Past 10 Years
Min: 24.53 Med: 37.15 Max: 56.6
Current: 25.46

During the past 13 years, Upbound Group's highest Days Payable was 56.60. The lowest was 24.53. And the median was 37.15.

UPBD's Days Payable is ranked worse than
72.72% of 2522 companies
in the Software industry
Industry Median: 51.485 vs UPBD: 25.46

Upbound Group's Days Payable increased from Dec. 2022 (27.20) to Dec. 2023 (27.95). It may suggest that Upbound Group delayed paying its suppliers.

Upbound Group Days Payable Historical Data

The historical data trend for Upbound Group's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Upbound Group Days Payable Chart

Upbound Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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50.16

56.60

25.00

24.53

30.82

Upbound Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															27.20	24.53	21.43	22.33	27.95

Competitive Comparison of Upbound Group's Days Payable

For the Software - Application subindustry, Upbound Group's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Upbound Group's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, Upbound Group's Days Payable distribution charts can be found below:

* The bar in red indicates where Upbound Group's Days Payable falls into.

Upbound Group Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Upbound Group's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (155.449	+	177.249)	/	2 )	/	1970.155	*	365
=	166.349					/	1970.155	*	365
=	30.82

Upbound Group's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (132.379	+	177.249)	/	2 )	/	505.489	*	365 / 4
=	154.814					/	505.489	*	365 / 4
=	27.95

Upbound Group Days Payable Related Terms

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Upbound Group (Upbound Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Upbound Group Inc (NAS:UPBD) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

5501 Headquarters Drive, Plano, TX, USA, 75024

Website

https://www.upbound.com

Upbound Group Inc is an omnichannel platform company committed to elevating financial opportunity for all through inclusive, and technology-driven financial solutions that address the evolving needs and aspirations of consumers. It has four operating segments; The Rent-A-Center Business segment operates lease-to-own stores, the Acima segment, offers the lease-to-own transaction to consumers who do not qualify for financing from the traditional retailer, and also offers the lease-to-own transaction through virtual offering solutions across e-commerce, digital, and mobile channels, Mexico segment offers lease-to-own stores in Mexico. The franchising segment offers the sale of rental merchandise to its franchisees. The company derives a majority of its revenue from the Acima segment.

Executives

Jeffrey J Brown	other: See Footnote 1	19900 MACARTHUR BLVD, SUITE 570, IRVINE CA 92612
Tyler Montrone	officer: EVP, Acima	5501 HEADQUARTERS DRIVE, PLANO TX 75024
Anthony J Blasquez	officer: EVP, Operations	5501 HEADQUARTERS DRIVE, PLANO TX 75024
Sudeep Gautam	officer: EVP, Chief Tech & Digital Off	5501 HEADQUARTERS DRIVE, PLANO TX 75024
Fahmi Karam	officer: EVP, Chief Financial Officer	5501 HEADQUARTERS DRIVE, PLANO TX 75024
Aaron R Allred	officer: EVP, Acima	3 DAWN HILL DR, SANDY UT 84092
Mitchell E Fadel	other: See Footnote 1	5501 HEADQUARTERS DRIVE, PLANO TX 75024
Jen You	director	5501 HEADQUARTERS DRIVE, PLANO TX 75024
Christopher B. Hetrick	other: See Footnote 1	610 NEWPORT CENTER DRIVE, SUITE 250, NEWPORT BEACH CA 92660
Transient C Taylor	officer: EVP, Human Resources	5501 HEADQUARTERS DRIVE, PLANO TX 75024
Maureen B Short	officer: CFO	5501 HEADQUARTERS DR, PLANO TX 75024
Ann L Davids	officer: EVP, Chief Marketing Officer	5501 HEADQUARTERS DRIVE, PLANO TX 75024
Catherine M Skula	officer: EVP, Franchising	5501 HEADQUARTERS DR, C/O RENT-A-CENTER, INC., PLANO TX 75024
Brinson Caleb Silver	director	C/O RENT-A-CENTER, INC., 5501 HEADQUARTERS DRIVE, PLANO TX 75024
Harold G Lewis	director	5501 HEADQUARTERS DRIVE, PLANO TX 75024