Under Armour Inc C (UA)

Operating return on assets (Operating ROA)

		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
Total assets	US$ in thousands	4,760,730	5,044,510	4,746,550	4,867,160	4,827,550	4,827,560	4,770,070	4,605,800	4,991,400	4,822,300	4,871,510	4,914,300	5,030,630	4,863,550	5,003,340	4,837,580	4,843,530	4,633,760	4,679,910	4,436,070
Operating ROA		4.83%	5.21%	5.92%	5.36%	5.65%	6.83%	8.64%	8.99%	9.74%	9.46%	7.03%	1.05%	-12.19%	-12.24%	-10.29%	-7.37%	4.89%	3.29%	2.83%	0.88%

March 31, 2024 calculation

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

Analyzing the trend in Under Armour Inc C's operating return on assets (operating ROA) over the specified periods, we observe fluctuations in the metric. The operating ROA ranged from -12.24% to a high of 9.74%, indicating significant variability in the company's operational efficiency and profitability.

The trend shows that there was a notable decline in operating ROA in the earlier periods, with negative values recorded in some instances (such as in March and December 2020). This suggests challenges in generating profits from the company's assets during those periods.

However, there was a substantial improvement in operating ROA starting from June 2020 through September 2022, where the metric showed a consistent upward trajectory, reaching a peak of 9.74% in December 2021. This indicates enhanced operational effectiveness and profitability during this period.

Subsequently, the operating ROA experienced a slight decline in the most recent periods, yet it remained positive, demonstrating continued profitability from the company's operational activities.

In conclusion, the analysis of Under Armour Inc C's operating ROA highlights a mix of challenges and improvements in operational efficiency and profitability over the specified periods, showcasing the company's ability to enhance returns generated from its assets.