Under Armour Inc A (UAA)
Receivables turnover
| 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 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 5,315,920 | 5,400,920 | 5,568,570 | 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 |
| Receivables | US$ in thousands | 615,467 | 723,042 | 684,695 | 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 |
| Receivables turnover | 8.64 | 7.47 | 8.13 | 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 |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $5,315,920K ÷ $615,467K
= 8.64
The receivables turnover ratio is a measure of how effectively a company is managing its accounts receivable by evaluating how many times during a period its receivables are being collected and converted into cash.
Looking at the data provided for Under Armour Inc A, the receivables turnover ratio fluctuated over the analyzed period. Initially, the ratio was relatively stable around 7 to 8 times, but there was a notable decrease in the ratio by September 30, 2020, possibly indicating slower collection of receivables.
However, the company seemed to have improved its receivables management as the ratio started to rise steadily from December 31, 2020, reaching a peak of 9.99 by the end of December 31, 2021. This could suggest that Under Armour Inc A became more efficient in collecting outstanding receivables during this period.
Subsequently, the ratio fluctuated between 7 to 8 times until reaching 8.64 by December 31, 2024. Overall, the trend in the receivables turnover ratio for Under Armour Inc A showed improvements in managing its accounts receivable efficiently over the analyzed period.
Peer comparison
Dec 31, 2024