Under Armour Inc C (UA)
Working capital 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 current assets | US$ in thousands | 2,329,100 | 2,863,680 | 2,863,680 | 2,959,590 | 2,959,590 |
| Total current liabilities | US$ in thousands | 1,109,140 | 1,165,460 | 1,165,460 | 1,356,890 | 1,356,890 |
| Working capital turnover | 4.23 | 3.36 | 3.36 | 3.68 | 3.68 |
March 31, 2025 calculation
Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $5,164,310K ÷ ($2,329,100K – $1,109,140K)
= 4.23
The working capital turnover of Under Armour Inc C has shown consistency and efficiency over the years. The ratio remained stable at 3.68 for December 31, 2022, and March 31, 2023, indicating that the company effectively generated revenue relative to its working capital during this period. The slight decrease to 3.36 on December 31, 2023, and March 31, 2024, suggests a potential temporary decline in efficiency.
However, the ratio increased notably to 4.23 on March 31, 2025, which signifies a significant improvement in utilizing working capital to drive revenue. Overall, the company has maintained a relatively strong working capital turnover, showcasing its ability to efficiently deploy resources to generate sales. Further investigation into the reasons behind the fluctuations in the ratio between the periods could provide additional insights into the company's operational performance and financial health.
Peer comparison
Mar 31, 2025