Under Armour Inc C (UA)
Total asset 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 |
| Total assets | US$ in thousands | 4,300,870 | 4,760,730 | 4,760,730 | 4,857,080 | 4,857,080 |
| Total asset turnover | 1.20 | 1.20 | 1.20 | 1.22 | 1.22 |
March 31, 2025 calculation
Total asset turnover = Revenue ÷ Total assets
= $5,164,310K ÷ $4,300,870K
= 1.20
The total asset turnover ratio measures a company's efficiency in generating sales revenue relative to its total assets. A higher ratio indicates better asset utilization.
In the case of Under Armour Inc C, the total asset turnover remained relatively stable over the years. From December 31, 2022, to March 31, 2025, the ratio stayed within a narrow range between 1.20 and 1.22. This consistency suggests that the company has maintained a consistent level of efficiency in using its assets to generate sales revenue during this period.
While a total asset turnover ratio of around 1.20 to 1.22 indicates that Under Armour Inc C is performing adequately in terms of asset utilization, further analysis and comparison with industry peers may provide more insights into the company's operational efficiency and competitive position in the market.
Peer comparison
Mar 31, 2025