Under Armour Inc C (UA)
Working capital 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 current assets | US$ in thousands | 2,690,990 | 2,569,740 | 2,967,990 | 2,863,680 | 3,122,820 | 2,871,760 | 2,984,220 | 2,948,480 | 3,116,600 | 3,079,400 | 3,000,090 | 3,336,300 | 3,127,940 | 3,143,180 | 3,157,720 | 3,222,980 | 2,973,340 | 3,089,010 | 2,868,010 | 2,702,210 |
| Total current liabilities | US$ in thousands | 1,341,020 | 1,181,130 | 1,718,290 | 1,165,460 | 1,466,180 | 1,283,100 | 1,464,210 | 1,359,280 | 1,502,130 | 1,473,260 | 1,458,680 | 1,450,180 | 1,354,540 | 1,361,960 | 1,234,320 | 1,413,280 | 1,448,400 | 1,618,610 | 1,691,500 | 1,422,010 |
| Working capital turnover | 3.94 | 3.89 | 4.46 | 3.36 | 3.48 | 3.69 | 3.86 | 3.71 | 3.74 | 3.73 | 3.75 | 3.01 | 3.13 | 3.06 | 2.50 | 2.47 | 2.96 | 3.07 | 4.24 | 4.11 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $5,315,920K ÷ ($2,690,990K – $1,341,020K)
= 3.94
The working capital turnover of Under Armour Inc C has shown fluctuations over the years, indicating the efficiency of the company in utilizing its working capital to generate sales.
From December 31, 2019, to June 30, 2020, the working capital turnover ratio increased steadily from 4.11 to 3.07, reflecting an improvement in the company's ability to generate revenue from its working capital. However, from June 30, 2020, to December 31, 2022, the ratio declined steadily, reaching its lowest point of 2.47, indicating a decrease in efficiency.
Subsequently, from June 30, 2022, to June 30, 2024, the working capital turnover ratio showed signs of recovery, increasing to 4.46. This uptrend suggests that Under Armour Inc C has become more efficient in utilizing its working capital to support sales growth.
Overall, the working capital turnover ratio of Under Armour Inc C has exhibited fluctuations, with periods of both improvement and decline. The company should continue to monitor and optimize its working capital management to ensure efficient utilization and support sustainable revenue generation.
Peer comparison
Dec 31, 2024