Under Armour Inc C (UA)

Return on assets (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
Net income (ttm)	US$ in thousands	232,042	399,834	402,151	384,365	382,037	317,334	317,708	289,990	360,060	434,857	360,359	118,257	-549,176	-748,934	-685,565	-520,019	92,139	111,661	84,612	6,417
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
ROA		4.87%	7.93%	8.47%	7.90%	7.91%	6.57%	6.66%	6.30%	7.21%	9.02%	7.40%	2.41%	-10.92%	-15.40%	-13.70%	-10.75%	1.90%	2.41%	1.81%	0.14%

March 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $232,042K ÷ $4,760,730K
= 4.87%

Under Armour Inc C's return on assets (ROA) has fluctuated over the past several quarters. The ROA was relatively stable at around 7-8% in the first three quarters of 2023 before decreasing to around 6% in the last quarter of 2023. In the first quarter of 2023, the ROA saw a significant drop to 2.41%, followed by a sharp decline to -10.92% and -15.40% in the next two quarters, respectively. These negative ROA figures indicate that the company's assets were not generating a profitable return during those periods.

However, there was a notable recovery in the ROA in the first quarter of 2020, where it returned to positive territory at 1.90% and further improved to 2.41% in the subsequent quarter. Despite the fluctuations seen, there has been a general trend of improvement in ROA since 2020, although it has not yet reached the levels seen in 2019 when the ROA ranged from 0.14% to 2.41%.

Overall, Under Armour Inc C's ROA performance indicates varying levels of asset efficiency and profitability over the analyzed periods, with recent improvements suggesting a potential turnaround in the company's asset utilization and profitability.