Under Armour Inc C (UA)
Receivables turnover
| Mar 31, 2024 | Mar 31, 2023 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 5,701,880 | 5,903,160 | 5,683,470 | 4,474,670 | 5,267,130 |
| Receivables | US$ in thousands | 757,339 | 759,860 | 569,014 | 527,340 | 708,714 |
| Receivables turnover | 7.53 | 7.77 | 9.99 | 8.49 | 7.43 |
March 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $5,701,880K ÷ $757,339K
= 7.53
The receivables turnover ratio for Under Armour Inc C has exhibited some fluctuations over the past five years. The company's ability to collect its receivables improved from 2019 to 2021, with a significant increase in the ratio from 7.43 in 2019 to 9.99 in 2021. This suggests that Under Armour Inc C was able to collect its accounts receivable more efficiently in 2021.
However, the ratio slightly declined in 2023 and further in 2024, indicating a potential slowdown in the collection of receivables during those years. A lower receivables turnover may indicate that the company is taking longer to collect payments from customers, which could impact its cash flow and working capital management.
Overall, although the receivables turnover ratio for Under Armour Inc C has shown some variability, it is essential for the company to closely monitor and manage its accounts receivable collection process to ensure timely cash inflows and maintain financial stability.
Peer comparison
Mar 31, 2024