Under Armour Inc C (UA)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	2,153,290	1,966,150	2,088,990	1,675,990	2,150,090
ROE		10.78%	19.05%	17.24%	-32.77%	4.29%

March 31, 2024 calculation

ROE = Net income ÷ Total stockholders’ equity
= $232,042K ÷ $2,153,290K
= 10.78%

The Return on Equity (ROE) for Under Armour Inc C has fluctuated over the past five years. In the latest period ending March 31, 2024, the ROE stood at 10.78%, reflecting a decrease from the previous year's figure of 19.05%. While the ROE for the year ended December 31, 2021, was 17.24%, indicating a relatively strong performance, the metric took a significant downturn in the year ended December 31, 2020, with a negative ROE of -32.77%.

The negative ROE in 2020 suggests that the company had a net loss for that year, indicating potential financial challenges or operational inefficiencies at that time. However, the rebound in subsequent years, reaching 10.78% in 2024, indicates an improvement in the company's profitability and efficiency in utilizing shareholder equity to generate returns.

Overall, the varying trend in ROE for Under Armour Inc C over the past five years highlights the company's changing financial performance and the effectiveness of its management in generating profits relative to shareholders' equity.