Under Armour Inc A (UAA)

Payables turnover

Mar 31, 2025 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 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020
Cost of revenue (ttm) US$ in thousands 2,689,566 2,792,486 2,871,516 2,983,340 3,071,626 3,130,914 3,199,376 3,244,712 3,254,296 3,158,068 3,027,964 2,925,341 2,889,194 2,821,967 2,778,839 2,768,112 2,443,870 2,314,572 2,364,126 2,356,983
Payables US$ in thousands 657,152 562,582 697,983 483,731 699,431 542,309 714,189 649,116 738,740 747,330 669,203 560,331 613,307 532,919 613,566 490,860 575,954 643,315 664,288
Payables turnover 4.25 5.10 4.27 6.35 4.48 5.90 4.54 5.01 4.27 4.05 4.37 5.16 4.60 5.21 4.51 4.98 4.02 3.67 3.55

March 31, 2025 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $2,689,566K ÷ $—K
= —

The payables turnover ratio measures how efficiently a company is managing its trade credit obligations by evaluating how many times a company pays off its accounts payable during a specific period. A higher payables turnover ratio indicates that a company is paying its suppliers more frequently.

Analyzing the payables turnover of Under Armour Inc A from June 2020 to March 2025, we observe fluctuations in the ratio. The ratio increased from 3.55 in June 2020 to a peak of 6.35 in March 2024, suggesting that the company was managing its accounts payable more effectively. This improvement may indicate that Under Armour Inc A was either negotiating better payment terms with suppliers or managing its working capital more efficiently.

However, the ratio dropped to 4.25 by December 2024, implying a potential slowdown in the rate at which the company was settling its payables. The absence of data for March 2025 makes it challenging to determine the most recent trend.

Overall, the varying payables turnover ratios of Under Armour Inc A reflect changes in its payment practices and relationships with suppliers over the analyzed period. It is essential for stakeholders to monitor this ratio continuously to assess the company's liquidity, supplier relationships, and operational efficiency.