Under Armour Inc C (UA)
Inventory 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 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cost of revenue (ttm) | US$ in thousands | 2,792,366 | 2,871,396 | 2,983,220 | 3,071,506 | 3,130,914 | 3,199,376 | 3,244,712 | 3,254,296 | 3,215,559 | 3,089,611 | 2,912,273 | 2,821,967 | 2,778,839 | 2,768,112 | 2,443,870 | 2,314,572 | 2,364,126 | 2,356,983 | 2,635,920 | 2,796,599 |
Inventory | US$ in thousands | 1,100,530 | 1,105,880 | 1,119,600 | 958,495 | 1,104,030 | 1,143,870 | 1,320,470 | 1,185,660 | 1,217,780 | 1,080,420 | 954,394 | 811,410 | 837,740 | 881,117 | 851,829 | 895,974 | 1,056,840 | 1,198,510 | 940,236 | 892,258 |
Inventory turnover | 2.54 | 2.60 | 2.66 | 3.20 | 2.84 | 2.80 | 2.46 | 2.74 | 2.64 | 2.86 | 3.05 | 3.48 | 3.32 | 3.14 | 2.87 | 2.58 | 2.24 | 1.97 | 2.80 | 3.13 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $2,792,366K ÷ $1,100,530K
= 2.54
The inventory turnover ratio for Under Armour Inc C fluctuated over the periods analyzed. Starting at 3.13 on December 31, 2019, it decreased to 1.97 on June 30, 2020, indicating a slower rate of inventory turnover. However, the ratio saw an improvement, reaching 3.48 by December 31, 2021, reflecting a quicker turnover of inventory. The ratio slightly decreased to 2.64 by December 31, 2022, and further declined to 2.46 by June 30, 2023. It later increased to 3.20 by March 31, 2024, but dropped again to 2.54 by December 31, 2024. Overall, the inventory turnover ratio for Under Armour Inc C showed variations over time, suggesting changes in the efficiency of managing and selling inventory within the company.
Peer comparison
Dec 31, 2024
Dec 31, 2024