Under Armour Inc A (UAA)

Total asset 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
Total assets	US$ in thousands	4,760,730	5,044,510	4,746,550	4,867,160	4,827,550	4,827,560	4,770,070	4,605,800	4,991,400	4,822,300	4,871,510	4,914,300	5,030,630	4,863,550	5,003,340	4,837,580	4,843,530	4,633,760	4,679,910	4,436,070
Total asset turnover		1.20	1.14	1.24	1.21	1.22	1.25	1.26	1.25	1.14	1.15	1.12	0.98	0.89	0.93	0.90	1.03	1.09	1.13	1.12	1.18

March 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $5,701,870K ÷ $4,760,730K
= 1.20

The total asset turnover ratio for Under Armour Inc A has fluctuated over the past several quarters. In the most recent quarter ending March 31, 2024, the total asset turnover stood at 1.20, indicating that for every dollar of assets the company generated $1.20 in sales.

Looking at the trend, the ratio has shown some variability but generally remained above 1.0, suggesting that the company was efficient in generating sales relative to its asset base. However, there were some dips in the ratio, notably in the quarters ending March 31, 2021, December 31, 2020, and September 30, 2020, where the ratios were below 1.0.

Overall, the trend in total asset turnover for Under Armour Inc A indicates that the company has been effectively utilizing its assets to generate sales, with some fluctuations in performance seen over the quarters analyzed.