Under Armour Inc C (UA)

Return on assets (ROA)

		Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020
Net income (ttm)	US$ in thousands	-201,267	-134,074	-21,165	-81,933	232,042	402,851	410,325	387,636	386,769	156,614	144,654	171,173	222,698	360,060	434,857	360,359	118,257	-549,176	-748,934	-685,565
Total assets	US$ in thousands	4,300,870	4,630,960	4,494,590	4,860,510	4,760,730	5,044,510	4,746,550	4,867,160	4,857,080	4,827,560	4,770,070	4,605,800	4,452,830	4,991,400	4,822,300	4,871,510	4,914,300	5,030,630	4,863,550	5,003,340
ROA		-4.68%	-2.90%	-0.47%	-1.69%	4.87%	7.99%	8.64%	7.96%	7.96%	3.24%	3.03%	3.72%	5.00%	7.21%	9.02%	7.40%	2.41%	-10.92%	-15.40%	-13.70%

March 31, 2025 calculation

ROA = Net income (ttm) ÷ Total assets
= $-201,267K ÷ $4,300,870K
= -4.68%

Under Armour Inc C's return on assets (ROA) fluctuated significantly over the period analyzed. The company experienced negative ROA values in the range of -13.70% to -2.90% during the initial years, indicating inefficiency in generating profits relative to its assets.

However, there was a notable turnaround in the company's performance starting from March 31, 2021, where the ROA turned positive and showed an upward trend. Subsequently, the ROA improved to reach its peak at 9.02% on September 30, 2021, before stabilizing at levels between 3.03% to 8.64% in the following quarters.

The positive ROA values suggest that Under Armour Inc C became more effective in utilizing its assets to generate profits during this period. It is essential for the company to maintain or improve its ROA in the future to demonstrate sustainable profitability and efficiency in asset utilization.