Under Armour Inc C (UA)
Activity ratios
Short-term
Turnover ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 3.20 | 2.84 | 2.80 | 2.46 | 2.74 | 2.64 | 2.86 | 3.05 | 3.48 | 3.32 | 3.14 | 2.87 | 2.58 | 2.24 | 1.97 | 2.80 | 3.13 | 3.09 | 2.94 | 3.26 |
| Receivables turnover | 7.53 | 8.34 | 7.28 | 8.44 | 7.77 | 8.61 | 7.60 | 8.33 | 9.99 | 7.55 | 8.52 | 6.90 | 8.49 | 5.59 | 7.93 | 7.47 | 7.43 | 6.18 | 7.11 | 7.01 |
| 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 |
| Working capital turnover | 3.36 | 3.48 | 3.69 | 3.86 | 3.71 | 3.74 | 3.73 | 3.75 | 3.01 | 3.13 | 3.06 | 2.50 | 2.47 | 2.96 | 3.07 | 4.24 | 4.11 | 4.14 | 4.70 | 4.68 |
The activity ratios of Under Armour Inc C provide insights into the efficiency of the company's management of its inventory, receivables, payables, and working capital.
1. Inventory Turnover: This ratio measures how many times inventory is sold and replaced over a specific period. Under Armour Inc C's inventory turnover has fluctuated over the periods analyzed, indicating variations in the speed at which the company is selling its inventory. A higher turnover ratio is generally preferred as it suggests efficient inventory management.
2. Receivables Turnover: This ratio indicates how many times receivables are collected during a given period. The data shows fluctuations in receivables turnover, suggesting changes in the company's collection efficiency. A higher receivables turnover ratio indicates that the company is effectively collecting its outstanding receivables from customers.
3. Payables Turnover: The payables turnover ratio measures how quickly a company pays its suppliers. The fluctuating trend in payables turnover suggests variations in the company's payment terms and relationships with suppliers. A higher payables turnover ratio may indicate that the company is taking longer to pay its suppliers, which could impact relationships with vendors.
4. Working Capital Turnover: This ratio measures how efficiently a company uses its working capital to generate revenue. The data indicates fluctuations in working capital turnover, reflecting changes in the effectiveness of utilizing working capital. A higher working capital turnover ratio suggests that the company is efficiently utilizing its current assets to generate sales.
Overall, the analysis of Under Armour Inc C's activity ratios highlights the importance of monitoring and managing the efficiency of inventory turnover, receivables collection, payables management, and working capital utilization to ensure optimal operational performance and financial health.
Average number of days
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 113.90 | 128.71 | 130.50 | 148.54 | 132.98 | 138.23 | 127.64 | 119.62 | 104.95 | 110.04 | 116.18 | 127.22 | 141.29 | 163.17 | 185.60 | 130.20 | 116.45 | 118.10 | 124.12 | 112.06 |
| Days of sales outstanding (DSO) | days | 48.48 | 43.76 | 50.12 | 43.24 | 46.98 | 42.38 | 48.02 | 43.84 | 36.54 | 48.32 | 42.84 | 52.93 | 43.02 | 65.27 | 46.02 | 48.87 | 49.11 | 59.03 | 51.31 | 52.07 |
| 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 |
The Days of Inventory on Hand (DOH) ratio for Under Armour Inc C has fluctuated over the periods analyzed, ranging from a low of 104.95 days to a high of 185.60 days. This indicates the average number of days it takes for the company to sell its inventory, with higher numbers suggesting slower inventory turnover.
The Days of Sales Outstanding (DSO) ratio has also varied, with values ranging from 36.54 days to 65.27 days. This metric reflects the average number of days it takes for the company to collect payment from its customers after making a sale, with lower numbers indicating quicker collection of accounts receivable.
The Number of Days of Payables ratio has shown some inconsistency, fluctuating from 48.32 days to 102.87 days. This ratio signifies the average number of days it takes for the company to pay its suppliers, with higher numbers suggesting a longer period for settling payables.
Overall, analyzing these activity ratios can provide insights into Under Armour Inc C's efficiency in managing its inventory, receivables, and payables, which are crucial aspects of its working capital management and operational performance.
Long-term
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fixed asset turnover | 8.58 | 8.08 | 8.53 | 8.64 | 9.15 | 9.20 | 9.42 | 9.47 | 9.36 | 9.24 | 8.80 | 7.59 | 6.79 | 6.63 | 6.41 | 6.87 | 6.65 | 6.70 | 6.57 | 6.43 |
| Total asset turnover | 1.20 | 1.14 | 1.24 | 1.21 | 1.22 | 1.25 | 1.26 | 1.25 | 1.14 | 1.15 | 1.12 | 0.98 | 0.89 | 0.93 | 0.90 | 1.03 | 1.09 | 1.13 | 1.12 | 1.18 |
Under Armour Inc C's long-term activity ratios indicate the efficiency with which the company utilizes its assets to generate sales. The fixed asset turnover ratio has been relatively stable over the periods, ranging between 6.43 and 9.47, with an average of around 8.5. This suggests that the company is effectively using its fixed assets to generate sales, with higher values indicating better efficiency.
On the other hand, the total asset turnover ratio has shown some fluctuations, ranging from 0.89 to 1.26, with an average of around 1.15. This ratio reflects the overall efficiency of the company in generating sales from all its assets, including fixed and current assets. The fluctuations in total asset turnover may indicate changes in the company's asset utilization efficiency over time.
Overall, the high fixed asset turnover and relatively stable total asset turnover ratios suggest that Under Armour Inc C is efficiently using its assets to generate sales revenue. However, further analysis and comparison with industry benchmarks may provide additional insights into the company's operating effectiveness and asset management strategies.