Under Armour Inc C (UA)

Days of inventory on hand (DOH)

		Mar 31, 2024	Dec 31, 2023	Mar 31, 2023	Dec 31, 2022	Mar 31, 2022
Inventory turnover		3.20	3.20	2.73	2.73	3.48
DOH	days	113.90	113.90	133.50	133.50	104.95

March 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.20
= 113.90

The days of inventory on hand (DOH) for Under Armour Inc C have fluctuated over the past five years, indicating varying efficiency in managing inventory levels.

As of March 31, 2024, the company had an inventory holding period of 113.90 days, showing improvement from the previous year's 132.98 days. This reduction suggests that Under Armour may have been more effective in managing its inventory levels and converting them into sales during the period.

Compared to March 31, 2023, the DOH was significantly higher at 132.98 days, indicating that the company took longer to sell its inventory during that period. The decrease in DOH between these two years reflects positive inventory management.

The DOH on December 31, 2021, was 104.95 days, lower than the prior year's 141.29 days. This improvement suggests that Under Armour was able to reduce its inventory holding period and turn over inventory more efficiently.

Looking back to December 31, 2020, the DOH was at 141.29 days, signifying a longer inventory holding period compared to the previous year. However, on December 31, 2019, the DOH was lower at 116.45 days, indicating better inventory management during that period.

Overall, fluctuations in the DOH for Under Armour Inc C over the past five years indicate varying levels of efficiency in managing inventory levels and converting them into sales. It is essential for the company to continue monitoring and optimizing its inventory management practices to enhance operational efficiency and profitability.