Rent-A-Center, Inc., together with its subsidiaries, leases household durable goods to customers on a lease-to-own basis. The company operates in four segments: Rent-A-Center Business, Acima, Mexico, and Franchising. It offers furniture and accessories, appliances, consumer electronics, computers, tablets and smartphones, tools, tires, handbags, and other accessories under rental purchase agreements. The company also provides merchandise on an installment sales basis; and the lease-to-own transaction to consumers who do not qualify for financing from the traditional retailer through kiosks located within retailer's locations. It operates retail installment sales stores under the Get It Now and Home Choice names; lease-to-own and franchised lease-to-own stores under the Rent-A-Centre, ColorTyme, and RimTyme names; and rentacenter.com, an e-commerce platform. As of December 31, 2021, the company owned and operated approximately 1,846 stores in the United States and Puerto Rico, including 45 retail installment sales stores; 35 Acima staffed locations in North Carolina; and 123 stores in Mexico, as well as franchised 466 lease-to-own stores in 32 states. Rent-A-Center, Inc. was founded in 1960 and is headquartered in Plano, Texas.
General Outlook
In simple terms, Rent-A-Center, Inc. has 54.795 M shares that people are buying and selling right now. When we look at how much money they make before expenses, they keep 0.497% as profit. This shows they're good at controlling costs and are financially stable. Their operating profit, which is money made from regular business activities, is 0.025%. This means they run their business efficiently. Lastly, after paying all their bills, they still have a profit of -0.011%. This tells us they're good at keeping money after all costs.
Return on Investments
The company's asset efficiency, represented by a robust -0.017% return, is a testament to Rent-A-Center, Inc.'s adeptness in optimizing resource deployment. Rent-A-Center, Inc.'s utilization of its assets to generate profits is strikingly evident through a noteworthy return on equity of -0.080%. Furthermore, the proficiency of Rent-A-Center, Inc. in capital utilization is underscored by a remarkable 0.044% return on capital employed.
Stock Prices
Rent-A-Center, Inc.'s stock prices have been subject to undulating patterns. The peak stock value during this interval surged to $28, while its low point bottomed out at $26.325. This variance in figures offers investors a lucid insight into the roller-coaster ride that is Rent-A-Center, Inc.'s stock market.
