Under Armour Inc A (UAA)

Number of days of payables

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
Payables turnover 4.25 5.10 4.27 6.35 4.48 5.90 4.54 5.02 4.35 4.13 4.35 4.60 5.21 4.51 4.98 4.02 3.67 3.55 6.32 4.52
Number of days of payables days 85.90 71.51 85.40 57.48 81.54 61.87 80.34 72.73 83.85 88.29 83.87 79.33 70.00 80.90 73.31 90.83 99.32 102.87 57.80 80.68

December 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 4.25
= 85.90

The number of days of payables for Under Armour Inc A has shown a fluctuating trend over the past few years. The company's payables turnover improved from about 80 days at the end of December 2019 to around 57 days by March 2020, indicating a more efficient management of payables during that period. However, by June 2020, the number of days of payables increased significantly to over 100 days, suggesting a potential delay in paying off its obligations.

The trend continued with some variability as the number of days of payables decreased to around 70-80 days for the remainder of 2020 and into 2021. By September 2021, there was a noticeable decrease to about 70 days, indicating a faster pace of settling payables. Nevertheless, the number of days of payables increased slightly to 79 days by the end of December 2021.

The company managed to bring down the number of days of payables to around 60 days by the end of September 2023, signaling a more efficient management of supplier payments. However, there was a slight increase to about 85 days by the end of December 2024.

Overall, the fluctuating trend in the number of days of payables for Under Armour Inc A suggests varying levels of efficiency in managing its payable obligations over the analyzed periods.