Under Armour Inc C (UA)

Return on total capital

		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
Earnings before interest and tax (EBIT) (ttm)	US$ in thousands	232,655	271,468	296,607	270,258	283,811	334,683	412,088	413,883	486,290	456,005	342,511	51,632	-613,438	-595,211	-514,861	-356,669	236,770	152,250	132,296	38,903
Long-term debt	US$ in thousands	594,873	595,124	594,655	594,107	674,478	673,930	673,382	672,834	662,531	662,903	804,621	1,009,950	1,003,560	997,347	987,949	593,281	592,687	591,995	591,396	590,431
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
Return on total capital		8.47%	9.81%	11.05%	10.40%	10.75%	13.36%	16.55%	17.23%	17.67%	17.27%	12.92%	1.86%	-22.89%	-24.12%	-21.35%	-16.64%	8.63%	5.55%	5.01%	1.47%

March 31, 2024 calculation

Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $232,655K ÷ ($594,873K + $2,153,290K)
= 8.47%

The return on total capital for Under Armour Inc C has exhibited fluctuations over the past few quarters. The ratio ranged from a low of -24.12% in September 2020 to a high of 17.67% in June 2022. This indicates varying levels of efficiency in generating profit relative to the total capital employed by the company during different periods. Overall, the return on total capital has shown an improving trend recently, with the latest figure standing at 8.47% as of March 31, 2024. It is essential for the company to continue monitoring and managing its capital utilization effectively to sustain and improve its return on total capital in the future.