Under Armour Inc C (UA)
Return on total capital
| Mar 31, 2024 | Dec 31, 2023 | Mar 31, 2023 | Dec 31, 2022 | Mar 31, 2022 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 229,751 | — | 283,811 | 283,811 | 567,326 |
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 2,153,290 | 2,153,290 | 1,998,400 | 1,998,400 | 2,088,990 |
| Return on total capital | 10.67% | 0.00% | 14.20% | 14.20% | 27.16% |
March 31, 2024 calculation
Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $229,751K ÷ ($—K + $2,153,290K)
= 10.67%
The return on total capital for Under Armour Inc C has fluctuated over the past five years. In recent years, the company has shown a declining trend in return on total capital. The return on total capital was 8.36% as of March 31, 2024, which is lower compared to the previous year's figure of 10.75%. In 2021, the return on total capital was 17.67%, indicating a relatively strong performance. However, the company faced challenges in 2020 with a negative return on total capital of -22.89%, which may be attributed to financial difficulties or operational inefficiencies during that period. The return on total capital in 2019 was 8.63%, showing a similar level of performance compared to the most recent data.
Overall, the company's return on total capital reflects variability in its financial performance over the past five years, with fluctuations in profitability and efficiency. It is important for investors and stakeholders to closely monitor these trends and assess the underlying factors influencing the company's ability to generate returns on its total capital.
Peer comparison
Mar 31, 2024