Under Armour Inc C (UA)

Inventory turnover

Mar 31, 2025 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 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020
Cost of revenue (ttm) US$ in thousands 2,689,566 2,792,486 2,871,516 2,983,340 3,071,626 3,130,914 3,199,376 3,244,712 3,254,296 3,158,068 3,027,964 2,925,341 2,889,194 2,821,967 2,778,839 2,768,112 2,443,870 2,314,572 2,364,126 2,356,983
Inventory US$ in thousands 945,836 1,100,530 1,105,880 1,119,600 958,495 1,104,030 1,143,870 1,320,470 1,190,250 1,217,780 1,080,420 954,394 824,455 811,410 837,740 881,117 851,829 895,974 1,056,840 1,198,510
Inventory turnover 2.84 2.54 2.60 2.66 3.20 2.84 2.80 2.46 2.73 2.59 2.80 3.07 3.50 3.48 3.32 3.14 2.87 2.58 2.24 1.97

March 31, 2025 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $2,689,566K ÷ $945,836K
= 2.84

The inventory turnover ratio of Under Armour Inc C has shown fluctuations over the period from June 30, 2020, to March 31, 2025. The inventory turnover ratio represents how many times the company's inventory is sold and replaced over a certain period.

Initially, the inventory turnover ratio was 1.97 on June 30, 2020, indicating that the company's inventory turnover was slow. However, this ratio improved steadily, reaching a peak of 3.50 on March 31, 2022, suggesting that the company was managing its inventory more efficiently.

After March 31, 2022, the inventory turnover ratio fluctuated, with some periods showing a decrease, such as on June 30, 2022, and March 31, 2024. These decreases may indicate potential issues with inventory management or changes in sales patterns.

Overall, the inventory turnover ratio for Under Armour Inc C has shown a general increasing trend from June 30, 2020, to March 31, 2022, but demonstrated more variability and inconsistency in the later periods. It would be essential for the company to further analyze the reasons behind these fluctuations to ensure efficient inventory management going forward.