Under Armour Inc A (UAA)

Number of days of payables

		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	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Payables turnover		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	5.79	4.68	7.55
Number of days of payables	days	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	63.01	78.07	48.32

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 fluctuations over the past few quarters. As of March 31, 2024, the company had an average payment period of 57.48 days, indicating a relatively efficient management of its accounts payable. This was a significant improvement compared to the previous quarter where it stood at 81.54 days, suggesting a more prompt payment behavior.

Looking back over the past year, there have been fluctuations in the number of days of payables, with peaks observed in the third and fourth quarters of 2022 and 2020, at 99.32 days and 102.87 days respectively. These extended payment periods may indicate potential liquidity challenges or strategic decisions to delay payments.

On the other hand, the lowest number of days of payables was recorded in the first quarter of 2019 at 48.32 days, indicating a swift payment cycle during that period. Overall, fluctuations in the number of days of payables can provide insights into the company's working capital management practices and its relationships with suppliers.