Under Armour Inc C (UA)

Days of inventory on hand (DOH)

		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	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Inventory turnover		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	3.09	2.94	3.26
DOH	days	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	118.10	124.12	112.06

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 varied over the past few years, reflecting fluctuations in its inventory management practices. The DOH ranged from as low as 104.95 days at the end of December 2021 to as high as 185.60 days at the end of September 2020.

A decreasing trend in DOH, such as the decline from 163.17 days at the end of September 2020 to 104.95 days at the end of December 2021, may indicate improved inventory turnover efficiency and potentially better working capital management. Conversely, an increasing trend in DOH, seen in the increase from 116.18 days at the end of June 2021 to 148.54 days at the end of June 2023, may suggest challenges in managing inventory levels.

Overall, the company should aim to strike a balance in its inventory management to ensure efficient operations while avoiding excess holding costs associated with high DOH levels. Continued monitoring and analysis of DOH can aid in identifying areas for improvement in inventory management.