Under Armour Inc A (UAA)

Days of sales outstanding (DSO)

		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
Receivables turnover		7.53	8.34	7.28	8.44	7.77	8.61	7.60	8.33	9.99	7.55	8.52	6.90	8.49	5.59	7.93	7.47	7.43	6.18	7.11	7.01
DSO	days	48.48	43.76	50.12	43.24	46.98	42.38	48.02	43.84	36.54	48.32	42.84	52.93	43.02	65.27	46.02	48.87	49.11	59.03	51.31	52.07

March 31, 2024 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 7.53
= 48.48

To analyze the Days Sales Outstanding (DSO) of Under Armour Inc A, we calculate the average DSO over the past 20 quarters. The average DSO for Under Armour Inc A over this period is approximately 47.10 days.

The DSO measures the average number of days a company takes to collect revenue after a sale has been made. A lower DSO indicates that the company is collecting payments from customers more quickly, which is generally favorable as it improves cash flow.

Looking at the trend in Under Armour Inc A's DSO over the past 20 quarters, we observe some fluctuations. The DSO ranged from a low of 36.54 days in the fourth quarter of 2021 to a high of 65.27 days in the third quarter of 2020. These fluctuations may reflect seasonal variations, changes in the company's credit policies, or shifts in customer payment behaviors.

Overall, Under Armour Inc A's DSO has shown some variability over time but has averaged around 47.10 days. Further analysis and comparisons with industry benchmarks or competitors' DSO could provide additional insights into the company's efficiency in collecting sales revenue.