Under Armour Inc C (UA)
Working capital turnover
| Mar 31, 2025 | 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 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 5,164,300 | 5,315,780 | 5,400,840 | 5,568,530 | 5,701,880 | 5,768,730 | 5,864,410 | 5,871,580 | 5,903,630 | 5,805,660 | 5,753,080 | 5,724,730 | 5,727,200 | 5,683,460 | 5,558,030 | 5,445,520 | 4,801,630 | 4,474,670 | 4,512,120 | 4,508,560 |
| Total current assets | US$ in thousands | 2,329,100 | 2,690,990 | 2,569,740 | 2,967,990 | 2,863,680 | 3,122,820 | 2,871,760 | 2,984,220 | 2,959,590 | 3,116,600 | 3,079,400 | 3,000,090 | 2,832,820 | 3,336,300 | 3,127,940 | 3,143,180 | 3,157,720 | 3,222,980 | 2,973,340 | 3,089,010 |
| Total current liabilities | US$ in thousands | 1,109,140 | 1,341,020 | 1,181,130 | 1,718,290 | 1,165,460 | 1,466,180 | 1,283,100 | 1,464,210 | 1,356,890 | 1,502,130 | 1,473,260 | 1,458,680 | 1,298,600 | 1,450,180 | 1,354,540 | 1,361,960 | 1,234,320 | 1,413,280 | 1,448,400 | 1,618,610 |
| Working capital turnover | 4.23 | 3.94 | 3.89 | 4.46 | 3.36 | 3.48 | 3.69 | 3.86 | 3.68 | 3.60 | 3.58 | 3.71 | 3.73 | 3.01 | 3.13 | 3.06 | 2.50 | 2.47 | 2.96 | 3.07 |
March 31, 2025 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $5,164,300K ÷ ($2,329,100K – $1,109,140K)
= 4.23
The working capital turnover ratio for Under Armour Inc C has shown fluctuations over the period from June 30, 2020, to March 31, 2025. The ratio measures how efficiently the company is utilizing its working capital to generate revenue.
Initially, the working capital turnover ratio was 3.07 on June 30, 2020, indicating that the company was able to generate $3.07 in revenue for every dollar of working capital invested. The ratio slightly decreased to 2.96 on September 30, 2020, but remained above 2.5 for the rest of 2020.
In the following year, from March 31, 2021 to September 30, 2021, the ratio improved to over 3, indicating better efficiency in utilizing working capital to generate revenue. The ratio fluctuated between 2.47 to 3.13 throughout 2021 and 2022.
By the end of the period on March 31, 2025, the working capital turnover ratio reached its highest point of 4.46. This suggests that the company significantly improved its working capital efficiency by generating $4.46 in revenue for every dollar of working capital invested.
Overall, the trend indicates that Under Armour Inc C has shown fluctuations in its working capital turnover ratio but has generally improved efficiency in utilizing working capital to generate revenue over the analyzed period.
Peer comparison
Mar 31, 2025