Under Armour Inc C (UA)
Activity ratios
Short-term
Turnover ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 2.84 | 2.54 | 2.60 | 2.66 | 3.20 | 2.84 | 2.80 | 2.46 | 2.73 | 2.59 | 2.80 | 3.07 | 3.50 | 3.48 | 3.32 | 3.14 | 2.87 | 2.58 | 2.24 | 1.97 |
| Receivables turnover | 7.64 | 8.64 | 7.47 | 8.13 | 7.53 | 8.34 | 7.28 | 8.44 | 7.77 | 8.29 | 7.29 | 8.25 | 8.16 | 9.99 | 7.55 | 8.52 | 6.90 | 8.49 | 5.59 | 7.93 |
| 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 |
| Working capital turnover | 4.23 | 3.94 | 3.89 | 4.46 | 3.36 | 3.48 | 3.69 | 3.86 | 3.68 | 3.60 | 3.58 | 3.71 | 3.73 | 3.01 | 3.13 | 3.06 | 2.50 | 2.47 | 2.96 | 3.07 |
The activity ratios of Under Armour Inc C show the efficiency with which the company manages its assets and operations.
1. Inventory Turnover: This ratio indicates how many times the company's inventory is sold and replaced during a specific period. The trend for Under Armour Inc C's inventory turnover has been generally increasing over the quarters, reaching a peak of 3.50 on March 31, 2022, but slightly declining thereafter. A higher turnover ratio indicates efficient management of inventory levels.
2. Receivables Turnover: This ratio measures how efficiently the company collects cash from its customers. Under Armour Inc C's receivables turnover fluctuated over the quarters, showing some volatility in collection efficiency. The company saw the highest turnover ratio of 9.99 on December 31, 2021. A higher receivables turnover ratio suggests effective credit and collection processes.
3. Payables Turnover: This ratio reflects how quickly the company pays its suppliers. Under Armour Inc C's payables turnover generally increased over the quarters, peaking at 6.35 on March 31, 2024. A higher payables turnover indicates that the company is managing its supplier payments efficiently.
4. Working Capital Turnover: This ratio measures how efficiently the company utilizes its working capital to generate revenue. The trend for this ratio shows variation, with some quarters indicating a strong efficiency in generating revenue relative to working capital. The highest turnover ratio was observed on June 30, 2024, at 4.46. A higher working capital turnover ratio points towards effective utilization of working capital.
Overall, analyzing these activity ratios provides insights into the operational efficiency and management of assets at Under Armour Inc C over the specified period.
Average number of days
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 128.36 | 143.85 | 140.57 | 136.98 | 113.90 | 128.71 | 130.50 | 148.54 | 133.50 | 140.75 | 130.24 | 119.08 | 104.16 | 104.95 | 110.04 | 116.18 | 127.22 | 141.29 | 163.17 | 185.60 |
| Days of sales outstanding (DSO) | days | 47.77 | 42.26 | 48.86 | 44.88 | 48.48 | 43.76 | 50.12 | 43.23 | 46.98 | 44.04 | 50.06 | 44.23 | 44.75 | 36.54 | 48.32 | 42.84 | 52.93 | 43.02 | 65.27 | 46.02 |
| Number of days of payables | days | 58.35 | 85.89 | 71.51 | 85.40 | 57.48 | 81.54 | 61.87 | 80.34 | 72.80 | 85.38 | 90.09 | 83.50 | 70.79 | 79.33 | 70.00 | 80.90 | 73.31 | 90.83 | 99.32 | 102.87 |
Under Armour Inc C's activity ratios reflect how efficiently the company manages its inventory, collects receivables, and pays its suppliers.
1. Days of Inventory on Hand (DOH): Over the period from June 2020 to March 2025, Under Armour's DOH decreased from 185.60 days to 136.98 days, showing an overall improvement in managing inventory levels efficiently. However, there was a slight increase in DOH in the most recent quarter to 143.85 days, which could indicate potential issues with inventory management.
2. Days of Sales Outstanding (DSO): The DSO for Under Armour fluctuated throughout the period, ranging from 36.54 days to 65.27 days. A lower DSO indicates faster collection of receivables and better cash flow management, which is positive. The DSO trend seems to have stabilized around 40-50 days in recent quarters, indicating consistent receivables management.
3. Number of Days of Payables: Under Armour's payables days show variability, with the number of days ranging from 57.48 days to 102.87 days. A higher number of days of payables suggests the company takes longer to pay its suppliers, potentially indicating good liquidity or bargaining power. However, a significant decrease in payables days in some quarters could also signal a more aggressive payment strategy.
Overall, Under Armour Inc C's activity ratios show varying levels of efficiency in managing its inventory, receivables, and payables over the analyzed period. There are areas where the company has shown improvement, such as inventory management, while there are also fluctuations that may require further evaluation to ensure sustainable operational efficiency.
Long-term
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fixed asset turnover | — | — | — | — | — | — | 5.16 | 5.13 | 5.08 | 5.10 | 5.19 | 5.62 | 5.61 | 5.38 | 5.19 | 4.90 | 7.59 | 6.79 | 3.64 | 6.41 |
| Total asset turnover | 1.20 | 1.15 | 1.20 | 1.15 | 1.20 | 1.14 | 1.24 | 1.21 | 1.22 | 1.20 | 1.21 | 1.24 | 1.29 | 1.14 | 1.15 | 1.12 | 0.98 | 0.89 | 0.93 | 0.90 |
The Fixed Asset Turnover ratio of Under Armour Inc C has shown fluctuations over the years but generally indicates the company's ability to generate revenue from its fixed assets efficiently. The ratio increased from 6.41 in June 2020 to a peak of 7.59 in March 2021, demonstrating improved utilization of fixed assets, before experiencing a slight decrease. By the end of March 2025, the Fixed Asset Turnover ratio was 5.08, which suggests that the company was able to generate $5.08 in revenue for every $1 invested in fixed assets.
On the other hand, the Total Asset Turnover ratio of Under Armour Inc C reflects how well the company utilizes its total assets to generate revenue. The ratio exhibited a fluctuating trend over the period, reaching a high of 1.29 in March 2022. This indicates that for every $1 of total assets, the company generated $1.29 in revenue. However, by the end of March 2025, the ratio decreased to an indeterminate value, signaling a potential change in the company's asset utilization efficiency.
Overall, a higher Fixed Asset Turnover ratio signifies effective utilization of fixed assets in revenue generation, while a higher Total Asset Turnover ratio indicates efficient use of total assets in generating sales. Monitoring these ratios can provide insights into the company's operational efficiency and asset management strategies over time.