Under Armour Inc C (UA)

Days of inventory on hand (DOH)

		Mar 31, 2025	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	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020
Inventory turnover		2.84	2.54	2.60	2.66	3.20	2.84	2.80	2.46	2.73	2.59	2.80	3.07	3.50	3.48	3.32	3.14	2.87	2.58	2.24	1.97
DOH	days	128.36	143.85	140.57	136.98	113.90	128.71	130.50	148.54	133.50	140.75	130.24	119.08	104.16	104.95	110.04	116.18	127.22	141.29	163.17	185.60

March 31, 2025 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 2.84
= 128.36

The days of inventory on hand (DOH) for Under Armour Inc C has exhibited a fluctuating trend over the reporting periods provided. Starting at 185.60 days on June 30, 2020, the DOH decreased gradually to 104.16 days on March 31, 2022, before experiencing a slight increase to 148.54 days on June 30, 2023. However, there was a significant drop to 113.90 days on March 31, 2024, followed by an increase to 143.85 days on December 31, 2024.

Overall, the DOH metric reflects the number of days inventory is held before being sold, indicating how efficiently a company manages its inventory levels. The trends observed suggest that Under Armour Inc C has made some improvements in managing its inventory levels more efficiently, as seen in the decreasing DOH figures in recent periods, which could lead to better cash flow and working capital management. However, the increase in DOH in some periods might indicate challenges in inventory turnover or potential issues in demand forecasting or production planning that could lead to higher carrying costs. Additional analysis and context would be needed to fully assess the impact of these DOH fluctuations on the company's operations and financial performance.