Under Armour Inc C (UA)
Payables 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 |
| Payables | US$ in thousands | 657,152 | 562,582 | 697,983 | 483,731 | 699,431 | 542,309 | 714,189 | 648,486 | 738,740 | 747,330 | 669,203 | 613,307 | 532,919 | 613,566 | 490,860 | 575,954 | 643,315 | 664,288 | 417,397 | 618,194 |
| 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 |
December 31, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $2,792,366K ÷ $657,152K
= 4.25
The payables turnover ratio for Under Armour Inc C has displayed fluctuations over the periods analyzed. The ratio, which measures how quickly a company pays off its suppliers, demonstrates the efficiency of managing its accounts payable.
Based on the provided data, the payables turnover ratio ranged between 3.55 and 6.35. A higher ratio indicates that the company is paying off its suppliers more quickly, while a lower ratio suggests a slower payment cycle.
The trend for the payables turnover ratio shows variability, with some periods showing higher efficiency in managing payables compared to others. It is essential for the company to strike a balance in managing its payables to ensure effective working capital management and maintain good relationships with suppliers.
Analyzing the payables turnover ratio over time can provide insights into the company's payment practices, cash flow management, and overall financial health. Investors and stakeholders may use this ratio to evaluate the company's efficiency in utilizing its working capital and managing its supplier relationships.
Peer comparison
Dec 31, 2024