Under Armour Inc A (UAA)

Number of days of payables

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Dec 31, 2021	Mar 31, 2021
Payables turnover		6.35	5.01	4.60	4.60	4.02
Number of days of payables	days	57.48	72.80	79.33	79.33	90.83

March 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 6.35
= 57.48

The number of days of payables for Under Armour Inc A has shown a decreasing trend over the past few years. As of March 31, 2024, the company takes about 57.48 days to pay its suppliers, which is an improvement from the previous year's 72.73 days. This suggests that the company is managing its payables more efficiently, potentially by negotiating better terms with its suppliers or streamlining its payment processes.

Comparing the current figure to historical data, we observe fluctuations in the number of days of payables over the years. The peak was recorded at 90.83 days as of December 31, 2020, indicating a longer payment period, which may have strained the company's working capital position. However, the decrease in days of payables since then is a positive sign for Under Armour Inc A's liquidity and cash flow management.

Overall, the downward trend in the number of days of payables reflects a more efficient management of trade credit by the company, contributing to its financial flexibility and potentially indicating strong relationships with suppliers. It is essential for investors and stakeholders to monitor this metric as it can provide insights into the company's financial health and operational efficiency.