Under Armour Inc A (UAA)

Receivables turnover

		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
Revenue (ttm)	US$ in thousands	5,701,870	5,768,270	5,863,720	5,870,930	5,903,030	6,033,630	5,997,670	5,775,320	5,683,460	5,558,030	5,445,520	4,801,630	4,474,670	4,512,120	4,508,560	4,992,650	5,267,130	5,215,890	5,229,410	5,212,540
Receivables	US$ in thousands	757,339	691,546	805,197	695,455	759,860	700,544	789,087	693,636	569,014	735,779	639,176	696,287	527,340	806,916	568,430	668,409	708,714	843,495	735,181	743,677
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

March 31, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $5,701,870K ÷ $757,339K
= 7.53

The receivables turnover for Under Armour Inc A has shown some variation over the past few quarters. The turnover ratio measures how efficiently a company is able to collect its accounts receivable during a period. A higher ratio indicates that the company is more effective in collecting outstanding payments from customers.

From the data provided, we can see that the receivables turnover ratio has fluctuated between 5.59 and 9.99 over the past five quarters. Generally, a higher turnover ratio is favorable as it suggests that the company is collecting its accounts receivable more quickly.

Looking at the trend, we observe that the ratio peaked at 9.99 in Dec 2021, indicating a strong ability to collect receivables efficiently. However, in the subsequent quarters, the ratio decreased before showing some improvement in the most recent quarter at 7.53. This could suggest potential changes in the company's credit policies, the efficiency of its collections department, or the quality of its customer base.

It is important for Under Armour Inc A to closely monitor its receivables turnover ratio to ensure it continues to effectively manage its accounts receivable and maintain a healthy cash flow position. Further analysis and comparison with industry benchmarks could provide additional insights into the company's performance in managing its receivables.