Under Armour Inc C (UA)
Fixed asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 5,701,870 | 5,768,270 | 5,863,720 | 5,870,930 | 5,903,030 | 6,033,630 | 5,997,670 | 5,775,320 | 5,683,460 | 5,558,030 | 5,445,520 | 4,801,630 | 4,474,670 | 4,512,120 | 4,508,560 | 4,992,650 | 5,267,130 | 5,215,890 | 5,229,410 | 5,212,540 |
| Property, plant and equipment | US$ in thousands | 664,503 | 714,183 | 687,804 | 679,114 | 644,834 | 655,612 | 636,746 | 609,923 | 607,226 | 601,700 | 619,116 | 632,307 | 658,678 | 680,871 | 702,885 | 726,568 | 792,148 | 778,894 | 795,499 | 810,470 |
| Fixed asset turnover | 8.58 | 8.08 | 8.53 | 8.64 | 9.15 | 9.20 | 9.42 | 9.47 | 9.36 | 9.24 | 8.80 | 7.59 | 6.79 | 6.63 | 6.41 | 6.87 | 6.65 | 6.70 | 6.57 | 6.43 |
March 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $5,701,870K ÷ $664,503K
= 8.58
The fixed asset turnover for Under Armour Inc C has shown a trend of fluctuation over the past several quarters. Generally speaking, a higher fixed asset turnover indicates that the company is generating more revenue for each dollar invested in fixed assets.
Looking at the data provided, we can observe that the fixed asset turnover ratio has ranged from a low of 6.41 in June 2020 to a high of 9.47 in June 2022. The ratio peaked in mid-2022 before trending downwards in the most recent quarters. This may suggest that the company's efficiency in generating revenue from its fixed assets has slightly declined.
While the fluctuations in the fixed asset turnover ratio can be influenced by various factors such as changes in sales, asset investments, or asset utilization, it is important for stakeholders to monitor this ratio over time to assess the company's operational efficiency and utilization of fixed assets. Further analysis and comparison with industry peers may provide additional insights into the company's performance in this aspect.
Peer comparison
Mar 31, 2024