Under Armour Inc C (UA)

Days of sales outstanding (DSO)

		Mar 31, 2024	Dec 31, 2023	Mar 31, 2023	Dec 31, 2022	Mar 31, 2022
Receivables turnover		7.53	7.53	7.77	7.77	9.99
DSO	days	48.48	48.48	46.98	46.98	36.54

March 31, 2024 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 7.53
= 48.48

Under Armour Inc C's Days Sales Outstanding (DSO) measures the average number of days it takes for the company to collect payment from its customers after making a sale. The trend analysis of DSO over the past five years shows fluctuations in the collection period.

In the latest fiscal year ending March 31, 2024, the DSO was 48.48 days, indicating that on average, it took the company approximately 48.48 days to collect payment from customers. This represents an increase from the previous year's DSO of 46.98 days, suggesting a slight deterioration in the company's ability to collect receivables efficiently.

Comparing the DSO to earlier years, there was a significant improvement in collection efficiency from December 31, 2021, where the DSO was 36.54 days. This indicates that Under Armour Inc C was able to collect payments more quickly in 2021, possibly due to enhanced credit management or customer payment terms.

Looking back further, the DSO was 43.02 days at the end of 2020 and 49.11 days at the end of 2019. These variations in DSO reflect different patterns in the company's collection cycle over the years, which could be influenced by changes in sales policies, customer base, or economic conditions.

Overall, while the DSO for Under Armour Inc C has shown fluctuations over the years, it is essential for the company to monitor and manage its collection period effectively to ensure a healthy cash flow and financial stability.