Under Armour Inc A (UAA)

Activity ratios

Short-term

Turnover ratios

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
Inventory turnover 3.20 2.84 2.80 2.46 2.74 2.64 2.86 3.05 3.48 3.32 3.14 2.87 2.58 2.24 1.97 2.80 3.13 3.09 2.94 3.26
Receivables turnover 7.53 8.34 7.28 8.44 7.77 8.61 7.60 8.33 9.99 7.55 8.52 6.90 8.49 5.59 7.93 7.47 7.43 6.18 7.11 7.01
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
Working capital turnover 3.36 3.48 3.69 3.86 3.71 3.74 3.73 3.75 3.01 3.13 3.06 2.50 2.47 2.96 3.07 4.24 4.11 4.14 4.70 4.68

The inventory turnover ratio for Under Armour Inc A has shown some fluctuation over the periods analyzed, ranging from 1.97 to 3.48. Generally, a higher inventory turnover ratio indicates that the company is selling its inventory more efficiently. In this case, the company's inventory turnover has been relatively stable, with some improvement in recent periods.

The receivables turnover ratio measures how efficiently a company is collecting its accounts receivable. Under Armour Inc A's receivables turnover ratio has also varied, ranging from 5.59 to 9.99. A higher receivables turnover ratio suggests that the company is collecting its receivables more quickly. The company has shown some variability in this ratio, with a notable peak at 9.99 in one period.

The payables turnover ratio reflects how efficiently a company is managing its accounts payable. Under Armour Inc A's payables turnover ratio has fluctuated between 3.55 and 7.55. A higher payables turnover ratio indicates that the company is paying its suppliers more rapidly. The company has seen some variability in this ratio, with periods of both lower and higher turnover.

The working capital turnover ratio measures how efficiently a company is utilizing its working capital to generate sales. Under Armour Inc A's working capital turnover ratio has ranged from 2.47 to 4.70. A higher working capital turnover ratio suggests that the company is effectively using its working capital. The company has shown some variability in this ratio, with fluctuations observed over the periods analyzed.

Average number of days

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
Days of inventory on hand (DOH) days 113.90 128.71 130.50 148.54 132.98 138.23 127.64 119.62 104.95 110.04 116.18 127.22 141.29 163.17 185.60 130.20 116.45 118.10 124.12 112.06
Days of sales outstanding (DSO) days 48.48 43.76 50.12 43.24 46.98 42.38 48.02 43.84 36.54 48.32 42.84 52.93 43.02 65.27 46.02 48.87 49.11 59.03 51.31 52.07
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

The activity ratios of Under Armour Inc A reflect its efficiency in managing inventory, receivables, and payables.

- Days of inventory on hand (DOH) measures how many days a company takes to sell its inventory. The trend for Under Armour Inc A shows a fluctuating pattern, with a decrease in inventory turnover efficiency in recent quarters. This suggests potential issues with inventory management and risks of obsolescence or excess stock.

- Days of sales outstanding (DSO) measures how long it takes a company to collect payment from its customers. The trend for Under Armour Inc A indicates a relatively stable DSO, with some variations over time. A lower DSO is generally favorable as it indicates quicker cash conversion from sales.

- Number of days of payables indicates the average number of days it takes a company to pay its suppliers. The trend for Under Armour Inc A reveals fluctuations in its payment cycle, indicating changing relationships with suppliers and potential cash flow management strategies.

Overall, Under Armour Inc A's activity ratios suggest areas for improvement in inventory management efficiency and potential opportunities to optimize cash flow through better management of receivables and payables.

Long-term

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
Fixed asset turnover 8.58 8.08 8.53 8.64 9.15 9.20 9.42 9.47 9.36 9.24 8.80 7.59 6.79 6.63 6.41 6.87 6.65 6.70 6.57 6.43
Total asset turnover 1.20 1.14 1.24 1.21 1.22 1.25 1.26 1.25 1.14 1.15 1.12 0.98 0.89 0.93 0.90 1.03 1.09 1.13 1.12 1.18

Under Armour Inc A's fixed asset turnover has been relatively stable over the past few quarters, ranging from 8.08 to 9.47. This indicates that the company generates between 8.08 to 9.47 times in sales revenue for every dollar invested in fixed assets. The higher the fixed asset turnover ratio, the more efficiently a company is utilizing its fixed assets to generate sales.

On the other hand, the total asset turnover ratio has shown some fluctuations but generally remains around 1.14 to 1.26. This ratio represents the company's ability to generate sales revenue from its total assets. A higher total asset turnover ratio indicates that a company is efficient in using its total assets to generate sales.

Overall, the fixed asset turnover is higher than the total asset turnover for Under Armour Inc A, indicating that the company is more efficient in using its fixed assets to generate sales compared to its total assets. Investors and analysts may see this as a positive sign of operational efficiency and effective asset utilization.