Under Armour Inc C (UA)

Return on assets (ROA)

		Mar 31, 2024	Mar 31, 2023	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	232,042	374,459	360,060	-549,177	92,139
Total assets	US$ in thousands	4,760,730	4,827,550	4,991,400	5,030,630	4,843,530
ROA		4.87%	7.76%	7.21%	-10.92%	1.90%

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.