Under Armour Inc A (UAA)
Days of sales outstanding (DSO)
| Mar 31, 2024 | Mar 31, 2023 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | 7.53 | 7.77 | 9.99 | 8.49 | 7.43 | |
| DSO | days | 48.48 | 46.98 | 36.54 | 43.02 | 49.11 |
March 31, 2024 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ 7.53
= 48.48
The Days of Sales Outstanding (DSO) for Under Armour Inc A have fluctuated over the past five years. In the most recent fiscal year ending on March 31, 2024, the DSO stood at 48.48 days, showing an increase compared to the previous year's figure of 46.98 days. However, when comparing to the DSO figures from two years ago, there has been a noticeable increase in the collection period from 36.54 days as of December 31, 2021.
The trend in DSO indicates that the company may be taking longer to collect its accounts receivable in recent years, which could potentially impact its cash flow and liquidity position. It is important for Under Armour Inc A to closely monitor and manage its DSO to ensure efficient cash conversion cycle and working capital management.
Peer comparison
Mar 31, 2024