Upbound Group's gross profit for the
three
months ended in Dec. 2023 was $513 Mil. Upbound Group's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was $2,022 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. Upbound Group's gross profit for the
three
months ended in Dec. 2023 was $513 Mil. Upbound Group's Revenue for the
three
months ended in Dec. 2023 was $1,018 Mil. Therefore, Upbound Group's Gross Margin % for the quarter that ended in Dec. 2023 was 50.35%.
Upbound Group had a gross margin of 50.35% for the quarter that ended in Dec. 2023 => Durable competitive advantage
During the past 13 years, the highestGross Margin % of Upbound Group was 69.17%. The lowest was 48.76%. And the median was 62.52%.
Warning Sign:
Upbound Group Inc gross margin has been in long-term decline. The average rate of decline per year is -5.6%.
Upbound Group Gross Profit Historical Data
The historical data trend for Upbound Group's Gross Profit 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.
Competitive Comparison of Upbound Group's Gross Profit
For the Software - Application subindustry, Upbound Group's Gross Profit, along with its competitors' market caps and Gross Profit 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 Gross Profit Distribution in the Software Industry
For the Software industry and Technology sector, Upbound Group's Gross Profit distribution charts can be found below:
* The bar in red indicates where Upbound Group's Gross Profit falls into.
Upbound Group Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
Upbound Group's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as
Gross Profit for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $2,022 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
* 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.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
Upbound Group (NAS:UPBD) Gross Profit Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
Upbound Group had a gross margin of 50.35% for the quarter that ended in Dec. 2023 => Durable competitive advantage
Upbound Group Gross Profit Related Terms
Thank you for viewing the detailed overview of Upbound Group's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
Upbound Group (Upbound Group) Business Description
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.
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