Under Armour Inc C (UA)

Receivables turnover

		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
Revenue (ttm)	US$ in thousands	5,164,300	5,315,780	5,400,840	5,568,530	5,701,880	5,768,730	5,864,410	5,871,580	5,903,630	5,805,660	5,753,080	5,724,730	5,727,200	5,683,460	5,558,030	5,445,520	4,801,630	4,474,670	4,512,120	4,508,560
Receivables	US$ in thousands	675,822	615,467	723,042	684,695	757,339	691,546	805,197	695,455	759,860	700,544	789,087	693,636	702,197	569,014	735,779	639,176	696,287	527,340	806,916	568,430
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

March 31, 2025 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $5,164,300K ÷ $675,822K
= 7.64

The receivables turnover ratio for Under Armour Inc C has shown fluctuations over the past few years. It was 7.93 as of June 30, 2020, then decreased to 5.59 as of September 30, 2020, before gradually increasing to 8.64 as of December 31, 2024.

Receivables turnover indicates the company's efficiency in collecting outstanding receivables from its customers. A higher turnover ratio is generally favorable as it implies that the company is collecting receivables quickly.

The company experienced some variability in its receivables turnover ratio during the period under review, which could be due to changes in the company's credit policies, customer payment behaviors, or overall economic conditions.

It is essential for Under Armour Inc C to monitor its receivables turnover ratio to ensure efficient management of its accounts receivables and maintain healthy cash flow levels.