Under Armour Inc A (UAA)

Days of inventory on hand (DOH)

		Mar 31, 2024	Mar 31, 2023	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Inventory turnover		3.20	2.74	3.48	2.58	3.13
DOH	days	113.90	132.98	104.95	141.29	116.45

March 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.20
= 113.90

The days of inventory on hand (DOH) ratio measures the average number of days it takes for a company to sell its entire inventory. A higher DOH value indicates that the company is holding onto its inventory for a longer period, which may imply inventory management inefficiencies or potential risks related to obsolete or slow-moving inventory.

From the data provided, we observe fluctuations in Under Armour Inc A's DOH over the past five years. In particular:
- In March 2024, the DOH stands at 113.90 days, showing an improvement compared to the previous year's 132.98 days.
- The DOH in March 2023 was 132.98 days, indicating that the company took longer to sell its inventory compared to the previous year's 104.95 days.
- In December 2021, the DOH was 104.95 days, which was lower than the 141.29 days reported in December 2020.
- The DOH in December 2020 was 141.29 days, showing an increase from the 116.45 days reported in December 2019.

Overall, the trend in Under Armour Inc A's DOH suggests some variability in inventory management efficiency over the past five years. The company should continue monitoring and improving its inventory turnover to ensure optimal use of resources and minimize the risk of excess inventory buildup.