Under Armour Inc C (UA)
Number of days of payables
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 4.25 | 5.10 | 4.27 | 6.35 | 4.48 | 5.90 | 4.54 | 5.02 | 4.35 | 4.13 | 4.35 | 4.60 | 5.21 | 4.51 | 4.98 | 4.02 | 3.67 | 3.55 | 6.32 | 4.52 | |
| Number of days of payables | days | 85.90 | 71.51 | 85.40 | 57.48 | 81.54 | 61.87 | 80.34 | 72.73 | 83.85 | 88.29 | 83.87 | 79.33 | 70.00 | 80.90 | 73.31 | 90.83 | 99.32 | 102.87 | 57.80 | 80.68 |
December 31, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 4.25
= 85.90
The number of days of payables for Under Armour Inc C has fluctuated over the past few years. On December 31, 2019, the company took approximately 80.68 days to pay its payables. This number decreased to 57.80 days by March 31, 2020, indicating that the company was paying its payables more quickly. However, by June 30, 2020, the number of days of payables increased significantly to 102.87 days, suggesting a potential liquidity issue or delayed payments to suppliers.
The pattern continued with fluctuations in the number of days of payables throughout the subsequent quarters, showing varying degrees of efficiency in managing payables. Notable improvements were seen by March 31, 2021, and September 30, 2021, where the number of days to pay decreased to 73.31 days and 70.00 days, respectively. This trend reversed slightly by the end of 2021, with the number of days of payables increasing to 79.33 days.
As of June 30, 2022, the company took about 83.87 days to pay its payables, showing a slight increase from the previous quarter. Subsequent quarters saw fluctuations in the number of days of payables, with a notable decrease to 57.48 days by March 31, 2024. However, by June 30, 2024, the number of days of payables increased again to 85.40 days.
Overall, the number of days of payables for Under Armour Inc C has shown variability, indicating potential changes in the company's payment policies, supplier relations, and overall financial health. It is essential for investors and stakeholders to monitor these fluctuations to assess the company's liquidity, operational efficiency, and cash flow management.
Peer comparison
Dec 31, 2024