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

Upbound Group (Upbound Group) EBIT : $264 Mil (TTM As of Mar. 2024)


View and export this data going back to 1995. Start your Free Trial

What is Upbound Group EBIT?

Upbound Group's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $63 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $264 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Upbound Group's annualized ROC % for the quarter that ended in Mar. 2024 was 8.54%. Upbound Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 14.17%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Upbound Group's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 8.12%.


Upbound Group EBIT Historical Data

The historical data trend for Upbound Group's EBIT 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.

* Premium members only.

Upbound Group EBIT Chart

Upbound Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 254.81 238.10 265.18 149.18 166.29

Upbound Group Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -34.69 85.05 59.31 56.63 62.57

Competitive Comparison of Upbound Group's EBIT

For the Software - Application subindustry, Upbound Group's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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 EV-to-EBIT Distribution in the Software Industry

For the Software industry and Technology sector, Upbound Group's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Upbound Group's EV-to-EBIT falls into.



Upbound Group EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $264 Mil.

* 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.


Upbound Group  (NAS:UPBD) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Upbound Group's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

ROC % (Q: Mar. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2023 ) + Invested Capital (Q: Mar. 2024 ))/ count )
=247.048 * ( 1 - 15% )/( (2532.668 + 2385.19)/ 2 )
=209.9908/2458.929
=8.54 %

where

Invested Capital(Q: Dec. 2023 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=2721.43 - 379.642 - ( 93.705 - max(0, 452.247 - 261.367+93.705))
=2532.668

Invested Capital(Q: Mar. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=2626.984 - 428.161 - ( 84.793 - max(0, 428.161 - 241.794+84.793))
=2385.19

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

Upbound Group's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2023  Q: Mar. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=250.26/( ( (1796.883 + max(-284.585, 0)) + (1735.139 + max(-271.16, 0)) )/ 2 )
=250.26/( ( 1796.883 + 1735.139 )/ 2 )
=250.26/1766.011
=14.17 %

where Working Capital is:

Working Capital(Q: Dec. 2023 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(111.005 + 6.398 + 50.259) - (379.642 + 72.605 + 0)
=-284.585

Working Capital(Q: Mar. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(108.413 + 5.903 + 42.685) - (428.161 + 0 + 0)
=-271.16

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Upbound Group's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2024 )
=263.543/3245.406
=8.12 %

* 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.


Upbound Group EBIT Related Terms

Thank you for viewing the detailed overview of Upbound Group's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


Upbound Group (Upbound Group) Business Description

Traded in Other Exchanges
N/A
Address
5501 Headquarters Drive, Plano, TX, USA, 75024
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