Under Armour Inc A (UAA)

Receivables turnover

		Mar 31, 2024	Mar 31, 2023	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	US$ in thousands	5,701,880	5,903,160	5,683,470	4,474,670	5,267,130
Receivables	US$ in thousands	757,339	759,860	569,014	527,340	708,714
Receivables turnover		7.53	7.77	9.99	8.49	7.43

March 31, 2024 calculation

Receivables turnover = Revenue ÷ Receivables
= $5,701,880K ÷ $757,339K
= 7.53

The receivables turnover ratio reflects Under Armour Inc A's efficiency in collecting payments from its customers. The trend over the past five years indicates some fluctuations in the turnover ratio. The company's receivables turnover was 7.53 times in March 31, 2024, compared to 7.77 times in March 31, 2023, showing a slight decline. However, it is still higher than the turnover ratio of 7.43 in December 31, 2019.

The peak in receivables turnover was seen in December 31, 2021, at 9.99 times, suggesting that the company was collecting receivables more frequently that year. The ratio dropped to 8.49 times in December 31, 2020, which might indicate a slower collection of receivables compared to the previous year.

Overall, Under Armour Inc A has generally maintained a consistent level of receivables turnover over the years, with some variations. A higher turnover ratio typically indicates that the company is efficient in collecting payments from customers, which is a positive sign for its liquidity and cash flow management. Monitoring this ratio can provide insights into the company's credit policies and effectiveness in managing accounts receivable.