Under Armour Inc A (UAA)

Total asset 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
Total assets	US$ in thousands	4,760,730	4,827,550	4,991,400	5,030,630	4,843,530
Total asset turnover		1.20	1.22	1.14	0.89	1.09

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.