Under Armour Inc C (UA)

Number of days of payables

		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	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Payables turnover		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	5.79	4.68	7.55
Number of days of payables	days	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	63.01	78.07	48.32

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 varied over the past several quarters. As of March 31, 2024, the company takes an average of 57.48 days to pay its bills to suppliers. This indicates that the company is able to manage its payables efficiently.

Looking at the trend over the previous quarters, there has been some fluctuation in the number of days of payables. For instance, in December 2023, the number of days of payables increased to 81.54 days, which suggests that the company took longer to settle its payables during that period.

It is important to note that a lower number of days of payables could indicate that the company is managing its working capital effectively, while a higher number may suggest that the company is taking longer to pay its bills, which could potentially strain its cash flow.

Overall, monitoring the trend of days of payables over time can provide insights into the company's payment practices and cash flow management.