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 429,944 657,152 562,582 697,983 483,731 699,431 542,309 714,189 649,116 738,740 747,330 669,203 560,331 613,307 532,919 613,566 490,860 575,954 643,315 664,288
Payables turnover 6.26 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 ÷ $429,944K
= 6.26

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.