Under Armour Inc A (UAA)

Inventory turnover

		Mar 31, 2024	Mar 31, 2023	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cost of revenue	US$ in thousands	3,071,630	3,254,300	2,821,970	2,314,570	2,796,600
Inventory	US$ in thousands	958,495	1,185,660	811,410	895,974	892,258
Inventory turnover		3.20	2.74	3.48	2.58	3.13

March 31, 2024 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $3,071,630K ÷ $958,495K
= 3.20

Looking at the inventory turnover ratios of Under Armour Inc A over the past five years, we can see a varying trend. The inventory turnover ratio measures how many times a company sells and replenishes its inventory within a given period. A higher ratio indicates better inventory management and more efficient sales.

In March 2024, the inventory turnover ratio was 3.20, showing an improvement from the previous year's ratio of 2.74. This suggests that Under Armour was able to sell and replace its inventory more quickly in 2024 compared to 2023.

Comparing the most recent data with the ratios from previous years, we can see fluctuations in inventory turnover. In December 2021, the ratio was 3.48, indicating a higher turnover compared to March 2024. However, in December 2020 and 2019, the ratios were 2.58 and 3.13, respectively, showing lower turnover rates.

Overall, the inventory turnover ratios for Under Armour Inc A have shown some variability over the past five years. It is essential for the company to monitor and analyze these ratios regularly to ensure efficient management of its inventory levels and maximize profitability.