Under Armour Inc A (UAA)
Activity ratios
Short-term
Turnover ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 2.84 | 2.54 | 2.60 | 2.67 | 3.20 | 2.84 | 2.80 | 2.45 | 2.73 | 2.59 | 2.80 | 3.07 | 3.50 | 3.48 | 3.32 | 3.14 | 2.87 | 2.58 | 2.24 | 1.97 |
| Receivables turnover | 7.64 | 8.64 | 7.47 | 8.13 | 7.53 | 8.34 | 7.28 | 8.44 | 7.77 | 8.29 | 7.29 | 8.25 | 8.16 | 9.99 | 7.55 | 8.52 | 6.90 | 8.49 | 5.59 | 7.93 |
| Payables turnover | 6.26 | 4.25 | 5.11 | 4.28 | 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 |
| Working capital turnover | 4.23 | 3.94 | 3.89 | 4.46 | 3.36 | 3.48 | 3.69 | 3.86 | 3.68 | 3.60 | 3.58 | 3.71 | 3.73 | 3.01 | 3.13 | 3.06 | 2.50 | 2.47 | 2.96 | 3.07 |
The activity ratios of Under Armour Inc A, based on the provided data, reveal insights into the company's efficiency in managing its inventory, receivables, payables, and working capital.
1. Inventory Turnover: Under Armour's inventory turnover has generally been increasing over the years, indicating that the company is selling its inventory more frequently. However, there was a slight dip in the most recent period. A higher inventory turnover ratio suggests effective management in selling its goods and not holding excess inventory.
2. Receivables Turnover: The receivables turnover ratio reflects how quickly the company collects payments from its customers. Under Armour's receivables turnover has shown some fluctuations but generally indicates that the company is able to collect payments from customers efficiently. A higher ratio suggests effective credit policies and collection procedures.
3. Payables Turnover: The payables turnover ratio measures how quickly the company pays its suppliers. Under Armour's payables turnover has fluctuated but shows a general trend of the company taking longer to pay its suppliers over time. This could indicate changing payment terms or cash flow management strategies.
4. Working Capital Turnover: The working capital turnover ratio evaluates how efficiently the company is using its working capital to generate sales. Under Armour's working capital turnover has varied, but generally shows that the company is effectively utilizing its working capital to support its sales activities. A higher ratio indicates better efficiency in utilizing working capital.
Overall, the analysis of these activity ratios provides valuable insights into Under Armour Inc A's operational efficiency and effectiveness in managing its assets and liabilities.
Average number of days
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 128.36 | 143.85 | 140.55 | 136.80 | 113.89 | 128.70 | 130.51 | 148.72 | 133.50 | 140.75 | 130.24 | 119.08 | 104.16 | 104.95 | 110.04 | 116.18 | 127.22 | 141.29 | 163.17 | 185.60 |
| Days of sales outstanding (DSO) | days | 47.77 | 42.26 | 48.87 | 44.88 | 48.48 | 43.76 | 50.12 | 43.23 | 46.98 | 44.04 | 50.06 | 44.23 | 44.75 | 36.54 | 48.32 | 42.84 | 52.93 | 43.02 | 65.27 | 46.02 |
| Number of days of payables | days | 58.35 | 85.89 | 71.50 | 85.28 | 57.48 | 81.54 | 61.88 | 80.43 | 72.80 | 85.38 | 90.09 | 83.50 | 70.79 | 79.33 | 70.00 | 80.90 | 73.31 | 90.83 | 99.32 | 102.87 |
Based on the provided data, the activity ratios of Under Armour Inc A can be analyzed as follows:
1. Days of Inventory on Hand (DOH) demonstrates the number of days the company holds inventory before selling it. The trend shows a gradual decrease in inventory holding period over the years, which indicates efficient inventory management from 185.60 days on June 30, 2020, to 113.90 days on March 31, 2024. However, there was a slight increase in DOH to 143.85 days by December 31, 2024.
2. Days of Sales Outstanding (DSO) represents the average number of days it takes for the company to collect payment after a sale has occurred. The DSO fluctuated over the years, with periods of increase and decrease. The company managed to reduce DSO from 65.27 days on September 30, 2020, to 42.26 days by December 31, 2024.
3. Number of Days of Payables illustrates the average number of days it takes a company to pay its suppliers. The trend shows fluctuations in payables days, indicating variability in the company's payment practices. The days of payables ranged from 57.48 days on March 31, 2024, to 102.87 days on June 30, 2020.
Overall, the analysis of these activity ratios suggests that Under Armour Inc A has shown effectiveness in managing its inventory levels, collections from customers, and payment to suppliers over the years. It is crucial for the company to continue monitoring and optimizing these activity ratios to maintain operational efficiency and financial stability.
Long-term
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fixed asset turnover | — | — | — | — | — | — | 5.16 | 5.13 | 5.08 | 5.10 | 5.19 | 5.62 | 5.61 | 5.38 | 5.19 | 4.90 | 7.59 | 6.79 | 6.63 | 6.41 |
| Total asset turnover | 1.20 | 1.15 | 1.20 | 1.15 | 1.20 | 1.14 | 1.24 | 1.21 | 1.22 | 1.20 | 1.21 | 1.24 | 1.29 | 1.14 | 1.15 | 1.12 | 0.98 | 0.89 | 0.93 | 0.90 |
The Fixed Asset Turnover ratio measures how efficiently a company is generating sales revenue from its investment in fixed assets. For Under Armour Inc A, the Fixed Asset Turnover ratio has been relatively stable over the analyzed period, ranging from a low of 4.90 in June 2021 to a high of 7.59 in March 2021. This indicates that the company is effectively utilizing its fixed assets to generate sales.
On the other hand, the Total Asset Turnover ratio calculates how efficiently a company is generating sales revenue from all its assets. For Under Armour Inc A, the Total Asset Turnover ratio has shown some fluctuations, with a low of 0.89 in December 2020 and a peak of 1.29 in March 2022. Overall, the company has been improving its efficiency in generating sales revenue from its total assets.
In summary, Under Armour Inc A has maintained a stable performance in terms of fixed asset turnover, indicating consistent efficiency in utilizing its fixed assets. Additionally, the company has shown improvement in total asset turnover, reflecting better efficiency in generating sales revenue from all its assets over the analyzed period.