Under Armour Inc A (UAA)

Days of inventory on hand (DOH)

		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
Inventory turnover		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	3.09	2.94	3.26
DOH	days	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	118.10	124.12	112.06

March 31, 2024 calculation

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

The Days of Inventory on Hand (DOH) ratio measures the number of days it takes for a company to sell its entire inventory. A lower DOH indicates more efficient inventory management, while a higher DOH suggests slow-moving inventory or potential overstocking issues.

Analyzing the historical trend of Under Armour Inc A's DOH, we observe fluctuations over the past several quarters. The DOH ranged from a low of 104.95 days in Jun 30, 2022, to a high of 185.60 days in Sep 30, 2020. The trend indicates that inventory management has been inconsistent, with periods of both efficient and less efficient inventory turnover.

In the most recent quarter (Mar 31, 2024), the DOH stands at 113.90 days, which is a slight improvement from the previous quarter's ratio of 128.71 days. This suggests that Under Armour Inc A has been able to manage its inventory more effectively and sell products at a faster pace in the current period.

It is important for the company to monitor and evaluate its inventory levels regularly to ensure optimal balance between stocking enough inventory to meet demand and avoiding excess inventory that may tie up resources. Further improvements in inventory management practices could lead to better cash flow and operational efficiency for Under Armour Inc A.