Under Armour Inc C (UA)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	2,153,290	2,173,020	2,089,740	2,005,410	1,966,150	1,832,000	1,816,330	1,729,080	2,088,990	1,977,750	1,846,710	1,770,200	1,675,990	1,470,350	1,423,410	1,550,180	2,150,090	2,153,670	2,048,270	2,049,810
ROE		10.78%	18.40%	19.24%	19.17%	19.43%	17.32%	17.49%	16.77%	17.24%	21.99%	19.51%	6.68%	-32.77%	-50.94%	-48.16%	-33.55%	4.29%	5.18%	4.13%	0.31%

March 31, 2024 calculation

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

The return on equity (ROE) of Under Armour Inc C has shown fluctuations over the period indicated in the table. From Mar 31, 2024, to Dec 31, 2019, the ROE ranged from a low of -50.94% to a high of 21.99%. Notably, there was a significant decline in ROE in Mar 31, 2020, and Dec 31, 2020, where the ROE was negative. However, the company managed to improve its ROE in the subsequent periods. Overall, the ROE has generally been positive, indicating the company's ability to generate profits from shareholders' equity. Further analysis beyond the provided data would be needed to fully understand the drivers behind the fluctuations in ROE over time.