Under Armour Inc C (UA)
Total asset 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 |
| Total assets | US$ in thousands | 4,630,960 | 4,494,590 | 4,860,510 | 4,760,730 | 5,044,510 | 4,746,550 | 4,867,160 | 4,827,550 | 4,827,560 | 4,770,070 | 4,605,800 | 4,991,400 | 4,822,300 | 4,871,510 | 4,914,300 | 5,030,630 | 4,863,550 | 5,003,340 | 4,837,580 | 4,843,530 |
| Total asset turnover | 1.15 | 1.20 | 1.15 | 1.20 | 1.14 | 1.24 | 1.21 | 1.22 | 1.25 | 1.26 | 1.25 | 1.14 | 1.15 | 1.12 | 0.98 | 0.89 | 0.93 | 0.90 | 1.03 | 1.09 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $5,315,920K ÷ $4,630,960K
= 1.15
Total asset turnover measures how efficiently a company utilizes its assets to generate revenue. A higher total asset turnover indicates that the company is utilizing its assets more efficiently.
Analyzing the total asset turnover of Under Armour Inc C from December 2019 to December 2024, we observe fluctuations in the ratio. The ratio started at 1.09 in December 2019, gradually decreased to 0.89 by the end of December 2020, and then experienced some volatility before showing an upward trend.
From June 2021 to September 2024, the total asset turnover ratio generally increased, reaching a peak of 1.26 in September 2022. This indicates that the company was generating more revenue per dollar of assets during this period.
However, a slight decline was observed towards the end of 2023 and early 2024, with the ratio decreasing to 1.14 in December 2023, before recovering to 1.20 by March 2024.
Overall, the trend in total asset turnover for Under Armour Inc C shows variability but indicates an improvement in asset utilization efficiency from 2021 to 2022, followed by some fluctuations in subsequent periods. Further monitoring of this ratio will help assess the company's ability to generate revenue from its assets effectively.
Peer comparison
Dec 31, 2024