Under Armour Inc C (UA)
Number of days of payables
| Mar 31, 2024 | Dec 31, 2023 | Mar 31, 2023 | Dec 31, 2022 | Mar 31, 2022 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 6.35 | 6.35 | 5.01 | 5.01 | 4.60 | |
| Number of days of payables | days | 57.48 | 57.48 | 72.80 | 72.80 | 79.33 |
March 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.35
= 57.48
The number of days of payables for Under Armour Inc C has shown a decreasing trend over the past five years. As of March 31, 2024, the company takes an average of 57.48 days to pay its outstanding obligations to suppliers, which is an improvement from 72.73 days in the previous year. This suggests that the company has been able to manage its payables more efficiently and potentially negotiate better terms with suppliers. Comparing to the data from 2019, where it took an average of 80.68 days to settle payables, this indicates a notable enhancement in the company's working capital management. Overall, the decreasing trend in the number of days of payables reflects a positive aspect of Under Armour Inc C's financial health and efficiency in managing its cash flow.
Peer comparison
Mar 31, 2024