Under Armour Inc C (UA)

Days of inventory on hand (DOH)

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019
Inventory turnover		2.54	2.60	2.66	3.20	2.84	2.80	2.46	2.74	2.64	2.86	3.05	3.48	3.32	3.14	2.87	2.58	2.24	1.97	2.80	3.13
DOH	days	143.85	140.57	136.98	113.90	128.71	130.50	148.54	132.98	138.23	127.64	119.62	104.95	110.04	116.18	127.22	141.29	163.17	185.60	130.20	116.45

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 2.54
= 143.85

The days of inventory on hand (DOH) for Under Armour Inc C have fluctuated over the years based on the provided data. From December 31, 2019, to December 31, 2021, the DOH decreased gradually from 116.45 days to 104.95 days, indicating more efficient management of inventory during this period.

However, there was a slight increase in DOH by June 30, 2022, which peaked at 148.54 days on June 30, 2023, before decreasing again. This fluctuation suggests potential challenges in inventory management or shifts in demand and supply dynamics within the company during these periods.

By December 31, 2024, the DOH stood at 143.85 days, showing a slight increase from the previous period. Such a trend may indicate the need for the company to reassess its inventory management strategies to ensure optimal levels of inventory to meet customer demand while avoiding excesses that could tie up capital.

Overall, the analysis of Under Armour Inc C's DOH highlights the importance of continuously monitoring and adjusting inventory levels to achieve a balance between meeting customer needs and managing working capital effectively.