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.