Under Armour Inc A (UAA)

Payables turnover

		Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Dec 31, 2021
Cost of revenue	US$ in thousands	2,689,570	3,071,630	3,259,330	2,821,970	2,821,970
Payables	US$ in thousands	429,944	483,731	649,116	613,307	613,307
Payables turnover		6.26	6.35	5.02	4.60	4.60

March 31, 2025 calculation

Payables turnover = Cost of revenue ÷ Payables
= $2,689,570K ÷ $429,944K
= 6.26

The payables turnover ratio for Under Armour Inc A has shown a steady increase over the past few years. As of March 31, 2025, the payables turnover ratio stands at 6.26, indicating that the company is able to manage its accounts payable effectively. This improvement suggests that the company is paying its suppliers more frequently within a shorter time frame, which could indicate strong relations with suppliers or efficient working capital management. The consistent growth in the payables turnover ratio from 4.60 on December 31, 2021, to 6.26 on March 31, 2025, demonstrates a positive trend in the company's ability to manage its payables efficiently.