Under Armour Inc C (UA)
Operating return on assets (Operating ROA)
| Mar 31, 2024 | Dec 31, 2023 | Mar 31, 2023 | Dec 31, 2022 | Mar 31, 2022 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 229,751 | 229,751 | 283,811 | 283,811 | 486,290 |
| Total assets | US$ in thousands | 4,760,730 | 4,760,730 | 4,857,080 | 4,857,080 | 4,991,400 |
| Operating ROA | 4.83% | 4.83% | 5.84% | 5.84% | 9.74% |
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
Company name
Symbol
Operating ROA
Under Armour Inc C
UA
4.83%
Carter’s Inc
CRI
10.47%
Columbia Sportswear Company
COLM
9.10%
G-III Apparel Group Ltd
GIII
11.80%
Lululemon Athletica Inc.
LULU
36.15%
Under Armour Inc A
UAA
4.83%