TransUnion Reports 36.4% Year-Over-Year Increase in Clothing Accounts for SA Consumers in First Quarter
July 5, 2023
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TRANSUNION ($NYSE:TRU): TransUnion, a leading global risk and analytics provider, recently reported that the first quarter of this year saw a substantial 36.4% year-over-year increase in new clothing accounts opened by South African consumers. This is quite remarkable, considering the current economic climate and the effects of the pandemic. TransUnion provides businesses and consumers with insights and solutions to make informed decisions about managing risk. They provide credit reporting services to businesses and consumers worldwide, and are a trusted source of information for lenders, landlords, employers, and other organizations that need access to reliable information when making decisions about customers or partners. The data collected by TransUnion is used to develop powerful analytics, scoring models, and other decision-making tools that provide useful insights about customers and potential customers.
The recent data showing an increase in clothing accounts is especially noteworthy, as it indicates that South African consumers are beginning to feel more confident in their spending capacity. This increase in clothing accounts may also be attributed to the fact that retailers are now offering more flexible payment options to make purchases more accessible to consumers. It’s clear that TransUnion’s data is providing a valuable glimpse into the spending patterns of South African consumers, and can help businesses make more informed decisions about how best to serve their customers.
Analysis
We at GoodWhale have conducted an analysis of TRANSUNION’s financials, and the results are very encouraging. Our Star Chart indicates that TRANSUNION has a health score of 8/10, meaning the company is in an excellent position to sustain future operations even in times of crisis, due to their strong cashflows and low debt. Our analysis also concluded TRANSUNION to be classified as a ‘gorilla’ – a type of company that has achieved steady and high revenue or earning growth due to its strong competitive advantage. This makes TRANSUNION an attractive prospect for investors, as it is strong in dividend, growth, and profitability, and only weak in asset. TransUnion_Reports_36.4_Year-Over-Year_Increase_in_Clothing_Accounts_for_SA_Consumers_in_First_Quarter”>More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Transunion. TransUnion_Reports_36.4_Year-Over-Year_Increase_in_Clothing_Accounts_for_SA_Consumers_in_First_Quarter”>More…
| Total Revenues | Net Income | Net Margin |
| 3.73k | 273.8 | 7.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Transunion. TransUnion_Reports_36.4_Year-Over-Year_Increase_in_Clothing_Accounts_for_SA_Consumers_in_First_Quarter”>More…
| Operations | Investing | Financing |
| 363.4 | -736.5 | -474.9 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Transunion. TransUnion_Reports_36.4_Year-Over-Year_Increase_in_Clothing_Accounts_for_SA_Consumers_in_First_Quarter”>More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 11.56k | 7.23k | 21.89 |
Key Ratios Snapshot
Some of the financial key ratios for Transunion are shown below. TransUnion_Reports_36.4_Year-Over-Year_Increase_in_Clothing_Accounts_for_SA_Consumers_in_First_Quarter”>More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 11.0% | 1.0% | 17.1% |
| FCF Margin | ROE | ROA |
| 1.5% | 9.5% | 3.5% |
Peers
The company was founded in 1968 and is headquartered in Chicago, Illinois.
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– Equifax Inc ($NYSE:EFX)
As of 2022, Equifax Inc has a market cap of 18.4B and a Return on Equity of 18.44%. The company is a consumer credit reporting agency, which means that it gathers and provides information on consumers’ borrowing and repayment history. This information is then used by businesses to assess creditworthiness and make lending decisions. Equifax is one of the three major credit reporting agencies in the United States, along with Experian and TransUnion.
– CRA International Inc ($NASDAQ:CRAI)
CRA International Inc is a global consulting firm with a market cap of 679.36M as of 2022. The company has a Return on Equity of 17.68%. CRA International Inc provides consulting services in the areas of antitrust and competition, economic, financial, and management consulting.
Summary
Year-over-year growth was 36.4%, which is an indication that South African consumers have increased their investment in clothing items. Credit card usage has increased, making it easier and more convenient for consumers to pay for clothing items. TransUnion‘s analysis of the data suggest that South African consumers are more comfortable investing in clothing items than before. This is likely to continue in coming quarters, as consumer confidence and spending remain high.
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