Under Armour Inc C (UA)
Fixed asset turnover
| 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 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 5,315,920 | 5,400,920 | 5,568,570 | 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 |
| Property, plant and equipment | US$ in thousands | 650,644 | 677,400 | 671,144 | 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 |
| Fixed asset turnover | 8.17 | 7.97 | 8.30 | 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 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $5,315,920K ÷ $650,644K
= 8.17
Fixed asset turnover is a financial ratio that measures how efficiently a company is utilizing its fixed assets to generate revenue. A higher fixed asset turnover indicates better efficiency in generating sales from its investment in fixed assets.
Analyzing the fixed asset turnover trend of Under Armour Inc C from December 31, 2019, to December 31, 2024, shows a generally increasing pattern. The ratio improved from 6.65 in December 2019 to 8.17 in December 2024, with fluctuations in between. This suggests that the company has been able to generate more revenue relative to its investment in fixed assets over the years.
The peak in fixed asset turnover was observed in December 2022 at 9.36, indicating a significant efficiency in asset utilization at that point. However, there was a slight decline in the ratio towards the end of the period, reaching 8.17 in December 2024.
Overall, the trend suggests that Under Armour Inc C has been effectively leveraging its fixed assets to drive revenue growth, with room for further improvement in optimizing asset utilization for future profitability.
Peer comparison
Dec 31, 2024