Under Armour Inc C (UA)

Cash conversion cycle

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
Days of inventory on hand (DOH) days — 143.85 140.57 136.98 113.90 128.71 130.50 148.54 133.50 140.75 130.24 119.08 104.16 104.95 110.04 116.18 127.22 141.29 163.17 185.60
Days of sales outstanding (DSO) days — 42.26 48.86 44.88 48.48 43.76 50.12 43.23 46.98 44.04 50.06 44.23 44.75 36.54 48.32 42.84 52.93 43.02 65.27 46.02
Number of days of payables days — 85.89 71.51 85.40 57.48 81.54 61.87 80.34 72.80 85.38 90.09 83.50 70.79 79.33 70.00 80.90 73.31 90.83 99.32 102.87
Cash conversion cycle days 0.00 100.21 117.92 96.46 104.90 90.92 118.74 111.43 107.67 99.41 90.21 79.81 78.12 62.17 88.36 78.12 106.84 93.48 129.12 128.75

March 31, 2025 calculation

Cash conversion cycle = DOH + DSO – Number of days of payables
= — + — – —
= 0.00

The cash conversion cycle of Under Armour Inc C has shown fluctuations over the period from June 30, 2020, to March 31, 2025. Initially, the company had a cash conversion cycle of around 128-129 days, indicating a longer period to convert raw materials into cash flow.

Subsequently, there was a decrease in the cash conversion cycle by the end of 2020, reaching 93.48 days, suggesting an improvement in the efficiency of the company's cash conversion process. However, the cycle increased again in the following periods, reaching a peak of 118.74 days by September 30, 2023.

By the end of 2023 and the beginning of 2024, there was a notable reduction in the cash conversion cycle, indicating that the company was able to manage its working capital more effectively, with the cycle dropping to around 90-100 days.

Lastly, by March 31, 2025, the cash conversion cycle was reported as 0.00 days, suggesting a potential anomaly or an issue with the data provided, as a zero cash conversion cycle is rare and may not be reflective of actual business operations.

Overall, the trend in the cash conversion cycle of Under Armour Inc C indicates fluctuations over time, with periods of improvement and some volatility in the efficiency of converting inventory into cash flow.