Under Armour Inc C (UA)
Payables turnover
Mar 31, 2025 | 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 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cost of revenue (ttm) | US$ in thousands | 2,689,566 | 2,792,486 | 2,871,516 | 2,983,340 | 3,071,626 | 3,130,914 | 3,199,376 | 3,244,712 | 3,254,296 | 3,158,068 | 3,027,964 | 2,925,341 | 2,889,194 | 2,821,967 | 2,778,839 | 2,768,112 | 2,443,870 | 2,314,572 | 2,364,126 | 2,356,983 |
Payables | US$ in thousands | — | 657,152 | 562,582 | 697,983 | 483,731 | 699,431 | 542,309 | 714,189 | 649,116 | 738,740 | 747,330 | 669,203 | 560,331 | 613,307 | 532,919 | 613,566 | 490,860 | 575,954 | 643,315 | 664,288 |
Payables turnover | — | 4.25 | 5.10 | 4.27 | 6.35 | 4.48 | 5.90 | 4.54 | 5.01 | 4.27 | 4.05 | 4.37 | 5.16 | 4.60 | 5.21 | 4.51 | 4.98 | 4.02 | 3.67 | 3.55 |
March 31, 2025 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $2,689,566K ÷ $—K
= —
The payables turnover ratio for Under Armour Inc C has shown fluctuations over the periods provided in the data. The ratio started at 3.55 on June 30, 2020, and gradually increased to 6.35 on March 31, 2024, before dropping to 4.27 on June 30, 2024.
A high payables turnover ratio indicates that the company is efficiently managing its accounts payable by paying its suppliers quickly. This can be beneficial in terms of maintaining good relationships with suppliers and potentially negotiating better terms in the future. On the other hand, a low payables turnover ratio may suggest that the company is taking longer to pay its suppliers, which could impact supplier relationships and potentially lead to strained cash flows.
It is important to further analyze the reasons behind the fluctuations in the payables turnover ratio to understand whether they are due to changes in payment terms, improvements in working capital management, or other factors impacting the company's financial health and operational efficiency.
Peer comparison
Mar 31, 2025