Under Armour Inc C (UA)
Return on assets (ROA)
| Mar 31, 2024 | Dec 31, 2023 | Mar 31, 2023 | Dec 31, 2022 | Mar 31, 2022 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 232,042 | 232,042 | 386,769 | 386,769 | 360,060 |
| Total assets | US$ in thousands | 4,760,730 | 4,760,730 | 4,857,080 | 4,857,080 | 4,991,400 |
| ROA | 4.87% | 4.87% | 7.96% | 7.96% | 7.21% |
March 31, 2024 calculation
ROA = Net income ÷ Total assets
= $232,042K ÷ $4,760,730K
= 4.87%
The return on assets (ROA) for Under Armour Inc C has shown fluctuating trends over the past five years. In March 2024, the ROA was 4.87%, which represents a decrease from the previous year's ROA of 7.76% in March 2023.
Comparing to historical data, the ROA in 2021 was 7.21%, showing a slight decrease from the negative ROA of -10.92% in 2020. This significant improvement indicates better utilization of assets to generate profits.
It is noteworthy that in 2019, the ROA was 1.90%, indicating moderate performance in asset efficiency compared to the subsequent years.
Overall, the ROA for Under Armour Inc C has shown variability, with the latest year reporting a decrease. Further analysis of the company's asset management strategies and profitability trends would be necessary to understand the factors driving the changes in ROA over time.
Peer comparison
Mar 31, 2024