Under Armour Inc C (UA)

Total asset 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
Total assets	US$ in thousands	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	4,633,760	4,679,910	4,436,070
Total asset turnover		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	1.13	1.12	1.18

March 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $5,701,870K ÷ $4,760,730K
= 1.20

The total asset turnover ratio for Under Armour Inc C has shown some fluctuation over the past few quarters. The ratio measures the efficiency of the company in generating sales revenue from its total assets. A higher total asset turnover ratio indicates that the company is utilizing its assets effectively to generate revenue.

From the data provided, we can see that the total asset turnover ratio ranged from 0.89 to 1.26 over the past few quarters. The ratio peaked at 1.26 in the third quarter of 2022, indicating a high level of asset efficiency during that period. However, there were also fluctuations in the ratio in subsequent quarters.

Overall, the trend in total asset turnover for Under Armour Inc C appears to be somewhat inconsistent, with fluctuations seen in the ratio over the quarters. It is essential for the company to analyze the underlying reasons for these fluctuations and take appropriate measures to improve asset utilization efficiency in order to drive sustainable revenue growth in the future.