Under Armour Inc A (UAA)

Inventory turnover

		Mar 31, 2025	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	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020
Cost of revenue (ttm)	US$ in thousands	2,689,566	2,792,486	2,872,006	2,987,266	3,071,746	3,131,034	3,199,006	3,240,906	3,254,296	3,158,068	3,027,964	2,925,341	2,889,194	2,821,967	2,778,839	2,768,112	2,443,870	2,314,572	2,364,126	2,356,983
Inventory	US$ in thousands	945,836	1,100,530	1,105,880	1,119,600	958,495	1,104,030	1,143,870	1,320,470	1,190,250	1,217,780	1,080,420	954,394	824,455	811,410	837,740	881,117	851,829	895,974	1,056,840	1,198,510
Inventory turnover		2.84	2.54	2.60	2.67	3.20	2.84	2.80	2.45	2.73	2.59	2.80	3.07	3.50	3.48	3.32	3.14	2.87	2.58	2.24	1.97

March 31, 2025 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $2,689,566K ÷ $945,836K
= 2.84

Inventory turnover is a key financial ratio that measures the efficiency at which a company manages its inventory. It indicates how many times during a specific period the company's inventory was sold and restocked. For Under Armour Inc A, the inventory turnover has shown fluctuating trends over the years:

- The inventory turnover ratio increased from 1.97 on June 30, 2020, to a peak of 3.50 on March 31, 2022, indicating an improvement in inventory management efficiency during this period.
- The trend continued to be positive until June 30, 2023, where the ratio declined to 2.46, possibly suggesting a slower rate of inventory turnover.
- The ratio increased again to 3.20 on March 31, 2024, before decreasing to 2.60 by September 30, 2024, and further dipping to 2.54 on December 31, 2024.

While the data for March 31, 2025, is not provided, the fluctuating trend in inventory turnover for Under Armour Inc A indicates the company's varying ability to efficiently manage its inventory levels. A higher inventory turnover ratio generally signifies effective inventory management, whereas a lower ratio may indicate overstocking or slow-moving inventory. Further analysis of the company's operational and supply chain management practices could provide insights into the driving factors behind these fluctuations.