Under Armour Inc C (UA)
Activity ratios
Short-term
Turnover ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 2.54 | 2.60 | 2.66 | 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 |
| Receivables turnover | 8.64 | 7.47 | 8.13 | 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 |
| 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 |
| Working capital turnover | 3.94 | 3.89 | 4.46 | 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 |
The activity ratios of Under Armour Inc C provide insights into its efficiency in managing its assets and operations.
1. Inventory Turnover: This ratio measures how many times the company's inventory is sold and replaced during a specific period. The trend shows a slight fluctuation in inventory turnover, ranging from 1.97 to 3.48. Generally, an increasing trend indicates that inventory is being managed effectively, leading to higher sales.
2. Receivables Turnover: This ratio indicates how quickly the company collects its accounts receivable. The trend in receivables turnover fluctuates between 5.59 and 9.99. A higher turnover implies efficient credit control and collection processes, enhancing cash flow.
3. Payables Turnover: This ratio assesses how quickly the company pays its suppliers. The payables turnover shows variability between 3.55 and 6.35. A higher ratio suggests that the company is prompt in paying its obligations, which can improve supplier relationships.
4. Working Capital Turnover: This ratio measures how efficiently the company utilizes its working capital to generate sales. The trend in working capital turnover ranges from 2.47 to 4.46. A higher turnover indicates effective utilization of resources to drive revenue growth.
Overall, analyzing these activity ratios provides valuable insights into Under Armour Inc C's operational efficiency and effectiveness in managing its assets and resources to generate revenue.
Average number of days
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 143.85 | 140.57 | 136.98 | 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 |
| Days of sales outstanding (DSO) | days | 42.26 | 48.86 | 44.88 | 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 |
| Number of days of payables | days | 85.90 | 71.51 | 85.40 | 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 |
The Days of Inventory on Hand (DOH) ratio for Under Armour Inc C shows a downward trend from 2019 to 2023, indicating that the company has been able to manage its inventory levels more efficiently over the years. However, there is a slight increase in the ratio in the most recent period, which might signal a potential buildup of inventory that could impact the company's liquidity.
The Days of Sales Outstanding (DSO) ratio demonstrates fluctuations over the years, but overall, it shows a decreasing trend until 2024, which is a positive indicator of the company's ability to collect its receivables more quickly. The lower DSO ratio implies that Under Armour Inc C has been improving its credit management and collection processes.
The Number of Days of Payables ratio exhibits some variations throughout the years, with periods of increase followed by decreases. This ratio reflects how long the company takes to pay its suppliers. An increasing trend in this ratio could suggest that the company is taking longer to pay its bills, which may strain relationships with suppliers. Conversely, a decreasing trend might imply more efficient cash management but could also lead to potential supplier concerns.
Overall, a more in-depth analysis of these activity ratios in conjunction with other financial metrics would provide a more comprehensive understanding of Under Armour Inc C's operational efficiency and effectiveness in managing its working capital.
Long-term
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fixed asset turnover | 8.17 | 7.97 | 8.30 | 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 |
| Total asset turnover | 1.15 | 1.20 | 1.15 | 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 |
Long-term activity ratios provide insights into how efficiently a company is utilizing its assets over an extended period. In the case of Under Armour Inc C, we can analyze two key long-term activity ratios: fixed asset turnover and total asset turnover.
1. Fixed Asset Turnover:
- Fixed asset turnover measures how efficiently a company generates sales from its fixed assets. A higher ratio indicates better utilization of fixed assets.
- Over the period from December 31, 2019, to December 31, 2024, Under Armour Inc C's fixed asset turnover ratio showed an increasing trend, starting at 6.65 and reaching 8.17 at the end of December 2024.
- The peak fixed asset turnover ratio was observed on December 31, 2022, at 9.36, indicating that the company was effectively generating sales from its fixed assets during that period.
- The gradual decline in the fixed asset turnover ratio from December 2022 to December 2024 may suggest a slowdown in the efficiency of generating sales from fixed assets, although the ratio remains relatively strong.
2. Total Asset Turnover:
- Total asset turnover reflects the company's ability to generate sales in relation to its total assets. A higher ratio signifies efficient asset utilization to generate revenue.
- The total asset turnover ratio of Under Armour Inc C fluctuated over the period, with a range from 0.89 to 1.26.
- The ratio reached its peak on September 30, 2022, at 1.26, showing effective utilization of total assets to generate revenue during that period.
- Although the ratio experienced fluctuations, the overall trend suggests that the company maintained a relatively stable efficiency in generating sales from its total assets.
Overall, the analysis of Under Armour Inc C's long-term activity ratios indicates a generally positive trend in asset utilization and efficiency in generating sales from both fixed and total assets. The company demonstrated improvements in both fixed asset turnover and total asset turnover ratios over the analyzed period, suggesting effective management of assets to drive revenue generation.