Under Armour Inc A (UAA)

Inventory 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
Cost of revenue (ttm)	US$ in thousands	2,792,366	2,871,396	2,983,220	3,071,506	3,130,914	3,199,376	3,244,712	3,254,296	3,215,559	3,089,611	2,912,273	2,821,967	2,778,839	2,768,112	2,443,870	2,314,572	2,364,126	2,356,983	2,635,920	2,796,599
Inventory	US$ in thousands	1,100,530	1,105,880	1,119,600	958,495	1,104,030	1,143,870	1,320,470	1,185,660	1,217,780	1,080,420	954,394	811,410	837,740	881,117	851,829	895,974	1,056,840	1,198,510	940,236	892,258
Inventory turnover		2.54	2.60	2.66	3.20	2.84	2.80	2.46	2.74	2.64	2.86	3.05	3.48	3.32	3.14	2.87	2.58	2.24	1.97	2.80	3.13

December 31, 2024 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $2,792,366K ÷ $1,100,530K
= 2.54

The inventory turnover for Under Armour Inc A has shown fluctuations over the period from December 31, 2019, to December 31, 2024. The inventory turnover ratio measures how efficiently a company is managing its inventory.

From 2019 to 2020, there was a noticeable decrease in inventory turnover, as it dropped from 3.13 to 1.97 by June 30, 2020. This decrease may indicate potential issues with inventory management or slowing sales.

However, from June 30, 2020, to December 31, 2024, the inventory turnover generally improved, with some fluctuations. The ratio ranged from a low of 1.97 on June 30, 2020, to a high of 3.48 on December 31, 2021. This increase can suggest better inventory control and faster inventory turnover.

By the end of the period on December 31, 2024, the inventory turnover stood at 2.54, indicating that the company was turning over its inventory approximately 2.54 times a year. This demonstrates a consistent effort to manage inventory efficiently, though further analysis would be needed to fully assess the effectiveness of the company's inventory management strategy.