Under Armour Inc C (UA)

Receivables turnover

		Mar 31, 2025	Mar 31, 2024	Dec 31, 2023	Mar 31, 2023	Dec 31, 2022
Revenue	US$ in thousands	5,164,310	5,701,880	5,701,880	5,903,160	5,903,640
Receivables	US$ in thousands	675,822	757,339	757,339	759,860	759,860
Receivables turnover		7.64	7.53	7.53	7.77	7.77

March 31, 2025 calculation

Receivables turnover = Revenue ÷ Receivables
= $5,164,310K ÷ $675,822K
= 7.64

The receivables turnover ratio for Under Armour Inc C has remained relatively stable over the years, hovering around 7.5 to 7.7 times. This ratio indicates that, on average, the company collects its accounts receivables approximately 7.5 to 7.7 times within a year. A higher turnover ratio is generally preferred as it suggests efficient management of receivables and timely collection from customers. The consistency in the receivables turnover ratio over the years implies that Under Armour Inc C has been effective in managing its credit sales and collections process. It is important for the company to continue monitoring this ratio to ensure the timely conversion of receivables into cash without facing liquidity issues.