Under Armour Inc C (UA)
Receivables turnover
| 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 5,701,870 | 5,768,270 | 5,863,720 | 5,870,930 | 5,903,030 | 6,033,630 | 5,997,670 | 5,775,320 | 5,683,460 | 5,558,030 | 5,445,520 | 4,801,630 | 4,474,670 | 4,512,120 | 4,508,560 | 4,992,650 | 5,267,130 | 5,215,890 | 5,229,410 | 5,212,540 |
| Receivables | US$ in thousands | 757,339 | 691,546 | 805,197 | 695,455 | 759,860 | 700,544 | 789,087 | 693,636 | 569,014 | 735,779 | 639,176 | 696,287 | 527,340 | 806,916 | 568,430 | 668,409 | 708,714 | 843,495 | 735,181 | 743,677 |
| Receivables turnover | 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 | 6.18 | 7.11 | 7.01 |
March 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $5,701,870K ÷ $757,339K
= 7.53
The receivables turnover ratio of Under Armour Inc C has shown some fluctuation over the past few quarters, ranging from a low of 5.59 to a high of 9.99. This ratio indicates the efficiency of the company in collecting outstanding receivables from its customers. A higher receivables turnover ratio generally implies that the company is able to collect payments from its customers more quickly.
The trend in Under Armour Inc C's receivables turnover ratio shows some variability, with periods of both increases and decreases. This could be attributed to various factors such as changes in credit policies, customer payment behaviors, and overall sales volume.
Overall, the company's average receivables turnover ratio over the periods analyzed appears to be around 7.78, indicating that, on average, the company collects its receivables approximately 7.78 times a year. This suggests that Under Armour Inc C has reasonably efficient accounts receivable management, although there may be room for improvement in certain periods where the ratio dips below the average. Monitoring and analyzing the receivables turnover ratio over time can provide insights into the company's credit and collection practices.
Peer comparison
Mar 31, 2024