Under Armour Inc A (UAA)
Fixed asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 5,315,920 | 5,400,920 | 5,568,570 | 5,701,870 | 5,768,270 | 5,863,720 | 5,870,930 | 5,903,030 | 6,033,630 | 5,997,670 | 5,775,320 | 5,683,460 | 5,558,030 | 5,445,520 | 4,801,630 | 4,474,670 | 4,512,120 | 4,508,560 | 4,992,650 | 5,267,130 |
| Property, plant and equipment | US$ in thousands | 650,644 | 677,400 | 671,144 | 664,503 | 714,183 | 687,804 | 679,114 | 644,834 | 655,612 | 636,746 | 609,923 | 607,226 | 601,700 | 619,116 | 632,307 | 658,678 | 680,871 | 702,885 | 726,568 | 792,148 |
| Fixed asset turnover | 8.17 | 7.97 | 8.30 | 8.58 | 8.08 | 8.53 | 8.64 | 9.15 | 9.20 | 9.42 | 9.47 | 9.36 | 9.24 | 8.80 | 7.59 | 6.79 | 6.63 | 6.41 | 6.87 | 6.65 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $5,315,920K ÷ $650,644K
= 8.17
The fixed asset turnover ratio for Under Armour Inc A has shown a generally increasing trend from December 31, 2019, to December 31, 2024. This ratio indicates how efficiently the company is utilizing its fixed assets to generate sales revenue.
From a value of 6.65 on December 31, 2019, the ratio increased to 8.17 by December 31, 2024. This upward trend suggests that the company has been able to generate more revenue per dollar invested in fixed assets over this period.
The peak for the fixed asset turnover ratio was observed on December 31, 2022, with a value of 9.36, which indicates that the company was particularly efficient in utilizing its fixed assets to generate sales revenue at that point.
However, there was a slight dip in the ratio towards the end of the period, with a value of 7.97 on September 30, 2024. This could imply a temporary decrease in the efficiency of utilizing fixed assets to generate sales.
Overall, the increasing trend in the fixed asset turnover ratio for Under Armour Inc A reflects positively on the company's ability to efficiently manage its fixed assets and generate revenue from them over the analyzed period.
Peer comparison
Dec 31, 2024