Under Armour Inc A (UAA)
Fixed asset turnover
| Mar 31, 2024 | Mar 31, 2023 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 5,701,880 | 5,903,160 | 5,683,470 | 4,474,670 | 5,267,130 |
| Property, plant and equipment | US$ in thousands | 664,503 | 644,834 | 607,226 | 658,678 | 792,148 |
| Fixed asset turnover | 8.58 | 9.15 | 9.36 | 6.79 | 6.65 |
March 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $5,701,880K ÷ $664,503K
= 8.58
The fixed asset turnover of Under Armour Inc A has shown fluctuations over the past five years. The ratio decreased from 6.65 in 2019 to 6.79 in 2020 before increasing to 9.36 in 2021. However, in the subsequent years, the fixed asset turnover decreased to 9.15 in 2023 and further to 8.58 in 2024.
The decrease in fixed asset turnover in 2024 may indicate that the company is generating less revenue relative to its investment in fixed assets compared to the previous year. This could be a result of various factors such as inefficient asset utilization, increasing fixed asset base without corresponding revenue growth, or a decline in sales. It is important for the company to closely monitor and manage its fixed asset turnover to ensure optimal utilization of assets and maximize revenue generation.
Peer comparison
Mar 31, 2024