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.