Under Armour Inc C (UA)
Receivables turnover
| 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 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 5,315,920 | 5,400,920 | 5,568,570 | 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 |
| Receivables | US$ in thousands | 615,467 | 723,042 | 684,695 | 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 |
| Receivables turnover | 8.64 | 7.47 | 8.13 | 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 |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $5,315,920K ÷ $615,467K
= 8.64
The receivables turnover ratio for Under Armour Inc C has shown some fluctuations over the analyzed period. The ratio ranged from a low of 5.59 on September 30, 2020, to a high of 9.99 on December 31, 2021. This ratio measures how efficiently the company is collecting its accounts receivables during a specific period.
A high receivables turnover ratio generally indicates that the company is effectively managing its credit sales and collecting outstanding payments from customers promptly. On the other hand, a low ratio could suggest potential issues with credit policies, collection efforts, or the creditworthiness of customers.
Overall, the trend in Under Armour Inc C's receivables turnover ratio seems to show some variability but tends to hover around the range of 7 to 9 times annually, indicating a generally effective management of accounts receivables. Monitoring this ratio over time can help assess the company's credit and collection practices and their impact on the overall cash flow and liquidity position.
Peer comparison
Dec 31, 2024