Under Armour Inc C (UA)
Inventory turnover
| Mar 31, 2025 | Mar 31, 2024 | Dec 31, 2023 | Mar 31, 2023 | Dec 31, 2022 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 2,689,570 | 3,071,630 | 3,071,630 | 3,259,330 | 3,254,300 |
| Inventory | US$ in thousands | 945,836 | 958,495 | 958,495 | 1,190,250 | 1,190,250 |
| Inventory turnover | 2.84 | 3.20 | 3.20 | 2.74 | 2.73 |
March 31, 2025 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $2,689,570K ÷ $945,836K
= 2.84
The inventory turnover ratio for Under Armour Inc C has shown fluctuations over the years based on the provided data. The trend indicates an improvement in inventory turnover efficiency from December 31, 2022, to March 31, 2023, with a slight increase from 2.73 to 2.74. Subsequently, there was a more significant boost in efficiency as the ratio increased to 3.20 by December 31, 2023, and maintained this level as of March 31, 2024.
However, a slight decline in inventory turnover efficiency was observed by March 31, 2025, with the ratio dropping to 2.84. Overall, the company appears to have effectively managed its inventory turnover during the period under review, with a generally positive trend towards improved efficiency, which could indicate effective inventory management strategies or adjustments in response to market conditions.
Peer comparison
Mar 31, 2025