Under Armour Inc C (UA)

Operating profit margin

		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
Operating income (ttm)	US$ in thousands	229,751	262,867	280,949	260,886	272,946	329,515	412,088	413,883	486,290	456,005	342,511	51,632	-613,438	-595,211	-514,861	-356,669	236,770	152,250	132,296	38,903
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
Operating profit margin		4.03%	4.56%	4.79%	4.44%	4.62%	5.46%	6.87%	7.17%	8.56%	8.20%	6.29%	1.08%	-13.71%	-13.19%	-11.42%	-7.14%	4.50%	2.92%	2.53%	0.75%

March 31, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $229,751K ÷ $5,701,870K
= 4.03%

The operating profit margin of Under Armour Inc C has exhibited fluctuations over the past few quarters. The trend shows a decline from a high of 8.56% in Dec 31, 2021, to a low of -13.71% in Dec 31, 2022, before gradually recovering in subsequent quarters. The most recent figure of 4.03% for Mar 31, 2024, indicates a slight decrease compared to the previous quarter. This signifies that the company is generating approximately 4.03 cents of operating profit for every dollar of sales, reflecting the portion of revenue that translates into profit after deducting operating expenses. The company may need to closely monitor and manage its operating expenses to improve its operating profit margin in the future.