Under Armour Inc C (UA)

Inventory turnover

		Mar 31, 2024	Mar 31, 2023	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cost of revenue	US$ in thousands	3,071,630	3,254,300	2,821,970	2,314,570	2,796,600
Inventory	US$ in thousands	958,495	1,185,660	811,410	895,974	892,258
Inventory turnover		3.20	2.74	3.48	2.58	3.13

March 31, 2024 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $3,071,630K ÷ $958,495K
= 3.20

The inventory turnover ratio for Under Armour Inc C has shown a fluctuating trend over the past five years. It has ranged from a low of 2.58 (in Dec 31, 2020) to a high of 3.48 (in Dec 31, 2021), with the latest value reported as 3.20 (Mar 31, 2024).

A higher inventory turnover ratio indicates that the company is efficiently managing its inventory by selling goods quickly, which can be considered a positive sign. On the other hand, a lower value may suggest slow-moving or obsolete inventory, potentially leading to higher carrying costs.

Overall, the trend in Under Armour Inc C's inventory turnover ratio shows variations, but the general direction has been positive, reflecting effective inventory management practices in recent years.