Under Armour Inc A (UAA)

Payables turnover

		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
Cost of revenue (ttm)	US$ in thousands	2,792,366	2,871,396	2,983,220	3,071,506	3,130,914	3,199,376	3,244,712	3,254,296	3,215,559	3,089,611	2,912,273	2,821,967	2,778,839	2,768,112	2,443,870	2,314,572	2,364,126	2,356,983	2,635,920	2,796,599
Payables	US$ in thousands	657,152	562,582	697,983	483,731	699,431	542,309	714,189	648,486	738,740	747,330	669,203	613,307	532,919	613,566	490,860	575,954	643,315	664,288	417,397	618,194
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

December 31, 2024 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $2,792,366K ÷ $657,152K
= 4.25

The payables turnover ratio can provide insights into how efficiently a company is managing its accounts payable. A higher payables turnover ratio generally indicates that the company is paying its suppliers more frequently, which can be a sign of good financial health as it suggests strong liquidity and efficient working capital management.

Analyzing the payables turnover data for Under Armour Inc A from December 31, 2019, to December 31, 2024, reveals fluctuations in the ratio over time. The ratio ranged from a low of 3.55 on June 30, 2020, to a high of 6.35 on March 31, 2024. The average payables turnover ratio during this period was around 4.73.

Overall, the payables turnover ratio for Under Armour Inc A exhibited variability but generally remained within a reasonable range, indicating that the company is effectively managing its payables. It is essential to monitor this ratio over time to assess changes in the company's payables management and financial health.