Under Armour Inc C (UA)
Return on total capital
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | -38,677 | -45,135 | -35,288 | -65,821 | 229,751 | 271,468 | 296,607 | 270,258 | 283,811 | 315,944 | 335,688 | 421,654 | 513,602 | 553,033 | 725,120 | 645,331 | 344,966 | 117,960 | -97,921 | -85,017 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 1,890,280 | 1,984,720 | 1,985,200 | 1,816,570 | 2,153,290 | 2,173,020 | 2,089,740 | 2,005,410 | 1,998,400 | 1,832,000 | 1,816,330 | 1,729,080 | 1,728,950 | 2,088,990 | 1,977,750 | 1,846,710 | 1,770,200 | 1,675,990 | 1,470,350 | 1,423,410 |
| Return on total capital | -2.05% | -2.27% | -1.78% | -3.62% | 10.67% | 12.49% | 14.19% | 13.48% | 14.20% | 17.25% | 18.48% | 24.39% | 29.71% | 26.47% | 36.66% | 34.94% | 19.49% | 7.04% | -6.66% | -5.97% |
March 31, 2025 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $-38,677K ÷ ($—K + $1,890,280K)
= -2.05%
Under Armour Inc C's return on total capital fluctuated over the period, ranging from negative figures to positive percentages. The return on total capital was negative in the first half of 2020, indicating challenges in generating profits relative to the invested capital. However, there was a significant improvement starting from March 2021, with the return on total capital turning positive and showing an increasing trend until September 2021.
During the latter half of 2021 and continuing into 2022, Under Armour Inc C maintained healthy return on total capital figures, peaking at 36.66% in September 2021. However, the ratio started to decline moderately from that point but remained above 10% until the end of March 2024. Notably, the return on total capital dipped into negative territory by mid-2024, indicating a decline in profitability relative to the total capital employed.
Overall, despite some fluctuations, Under Armour Inc C generally showed an improvement in its return on total capital from mid-2020 to early 2024, followed by a decline towards negative returns in the latter half of 2024 and into 2025. This trend suggests varying levels of efficiency in utilizing the total capital to generate profits over the period under review.
Peer comparison
Mar 31, 2025