Under Armour Inc C (UA)
Total asset turnover
| Mar 31, 2024 | Dec 31, 2023 | Mar 31, 2023 | Dec 31, 2022 | Mar 31, 2022 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 5,701,880 | 5,701,880 | 5,903,640 | 5,903,640 | 5,683,470 |
| Total assets | US$ in thousands | 4,760,730 | 4,760,730 | 4,857,080 | 4,857,080 | 4,991,400 |
| Total asset turnover | 1.20 | 1.20 | 1.22 | 1.22 | 1.14 |
March 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $5,701,880K ÷ $4,760,730K
= 1.20
The total asset turnover of Under Armour Inc C has shown a fluctuating trend over the past five years. It increased from 1.09 in 2019 to 1.22 in 2023 before decreasing slightly to 1.20 in 2024. A total asset turnover of 1.20 indicates that for every dollar of total assets held by the company, it generated $1.20 in revenue during the period. This suggests that the company efficiently utilizes its assets to generate revenue. However, the slight decline in the ratio from 2023 to 2024 may indicate a potential slowdown in asset productivity or changes in the company's operational efficiency. Overall, further analysis is needed to understand the driving factors behind these fluctuations in total asset turnover.
Peer comparison
Mar 31, 2024