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.
Peer comparison
Mar 31, 2025