Under Armour Inc C (UA)

Return on total capital

		Mar 31, 2024	Mar 31, 2023	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Earnings before interest and tax (EBIT)	US$ in thousands	229,751	283,811	486,290	-613,438	236,770
Long-term debt	US$ in thousands	594,873	674,478	662,531	1,003,560	592,687
Total stockholders’ equity	US$ in thousands	2,153,290	1,966,150	2,088,990	1,675,990	2,150,090
Return on total capital		8.36%	10.75%	17.67%	-22.89%	8.63%

March 31, 2024 calculation

Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $229,751K ÷ ($594,873K + $2,153,290K)
= 8.36%

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.