Under Armour Inc A (UAA)

Days of inventory on hand (DOH)

		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	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
Inventory turnover		2.54	2.60	2.66	3.20	2.84	2.80	2.46	2.74	2.64	2.86	3.05	3.48	3.32	3.14	2.87	2.58	2.24	1.97	2.80	3.13
DOH	days	143.85	140.57	136.98	113.90	128.71	130.50	148.54	132.98	138.23	127.64	119.62	104.95	110.04	116.18	127.22	141.29	163.17	185.60	130.20	116.45

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 2.54
= 143.85

The days of inventory on hand (DOH) for Under Armour Inc A have shown fluctuation over the period analyzed.

Starting at 116.45 days on December 31, 2019, the DOH increased significantly to 185.60 days by June 30, 2020, indicating a potential buildup of inventory. This trend continued until December 31, 2020, with DOH at 141.29 days.

However, from March 31, 2021, the DOH started to decrease gradually, suggesting improved inventory management, reaching a low of 104.95 days by December 31, 2021.

The downward trend continued through June 30, 2022, before a slight increase in the following quarters. Overall, the company appears to have made efforts to streamline its inventory levels, leading to a more efficient inventory turnover process.

Further monitoring of the DOH ratio will be necessary to assess the sustainability of this trend and to ensure optimal inventory management practices at Under Armour Inc A.