Under Armour Inc C (UA)

Operating return on assets (Operating ROA)

Mar 31, 2024 Mar 31, 2023 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Operating income US$ in thousands 229,751 263,586 486,290 -613,438 236,770
Total assets US$ in thousands 4,760,730 4,827,550 4,991,400 5,030,630 4,843,530
Operating ROA 4.83% 5.46% 9.74% -12.19% 4.89%

March 31, 2024 calculation

Operating ROA = Operating income ÷ Total assets
= $229,751K ÷ $4,760,730K
= 4.83%

Under Armour Inc C's operating return on assets (operating ROA) has fluctuated over the years, indicating varying levels of operational efficiency and profitability. The downward trend from 9.74% in 2021 to -12.19% in 2020 suggests a significant decline in profitability and asset utilization. However, the company managed to improve its operating ROA to 4.83% in 2024. It is essential for Under Armour Inc C to closely monitor and manage its assets to enhance operational efficiency and profitability in the future.


Peer comparison

Mar 31, 2024