Under Armour Inc C (UA)

Fixed asset turnover

		Mar 31, 2024	Mar 31, 2023	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	US$ in thousands	5,701,880	5,903,160	5,683,470	4,474,670	5,267,130
Property, plant and equipment	US$ in thousands	664,503	644,834	607,226	658,678	792,148
Fixed asset turnover		8.58	9.15	9.36	6.79	6.65

March 31, 2024 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $5,701,880K ÷ $664,503K
= 8.58

The fixed asset turnover ratio for Under Armour Inc C has exhibited fluctuating trends over the past five years. In Mar 31, 2024, the ratio stood at 8.58, reflecting a decline from the previous year's figure of 9.15. This decrease suggests that the company generated $8.58 in net sales for every dollar invested in fixed assets during the financial period. Compared to Dec 31, 2021, the ratio decreased slightly from 9.36 to 8.58 in the latest period.

Although the ratio has decreased in the most recent year, it remains relatively high, indicating that Under Armour Inc C efficiently utilizes its fixed assets to generate revenue. A higher fixed asset turnover ratio typically signifies better operational performance and asset utilization. Thus, despite the fluctuations observed over the years, the company has maintained a solid performance in terms of generating sales from its fixed assets. Further analysis might be required to understand the specific factors influencing these variations in the fixed asset turnover ratio.