Under Armour Inc A (UAA)
Total asset turnover
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Dec 31, 2021 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 5,701,880 | 5,903,640 | 5,683,470 | 5,683,470 | 4,474,670 |
| Total assets | US$ in thousands | 4,760,730 | 4,857,080 | 4,991,400 | 4,991,400 | 5,030,630 |
| Total asset turnover | 1.20 | 1.22 | 1.14 | 1.14 | 0.89 |
March 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $5,701,880K ÷ $4,760,730K
= 1.20
The total asset turnover ratio measures how efficiently a company is using its total assets to generate revenue. A higher total asset turnover ratio indicates better asset utilization.
Based on the data provided:
- Under Armour Inc A's total asset turnover has fluctuated over the past five years.
- The ratio was highest in March 2023 at 1.22, indicating that the company generated $1.22 in revenue for every dollar of total assets.
- In contrast, the lowest total asset turnover ratio was in December 2020 at 0.89, suggesting less efficient asset utilization.
- The ratio improved in March 2024 to 1.20, implying a positive trend in asset turnover.
- Overall, the company has shown varying levels of efficiency in utilizing its assets to generate revenue over the years.
This analysis highlights the importance of monitoring total asset turnover to assess how effectively the company is managing its assets to drive sales.
Peer comparison
Mar 31, 2024