Under Armour Inc A (UAA)
Total asset 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 |
| Total assets | US$ in thousands | 4,630,960 | 4,494,590 | 4,860,510 | 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 |
| Total asset turnover | 1.15 | 1.20 | 1.15 | 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 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $5,315,920K ÷ $4,630,960K
= 1.15
The total asset turnover ratio measures how efficiently a company utilizes its assets to generate revenue. A higher total asset turnover indicates that the company is generating more sales from its assets.
Analyzing the trend of Under Armour Inc A's total asset turnover ratio from December 31, 2019, to December 31, 2024, we observe fluctuations in the ratio over time. The ratio started at 1.09 in December 2019, decreased to 0.89 by December 2020, and then showed a gradual increase until it peaked at 1.26 by September 30, 2022.
From September 2022 to December 2024, the total asset turnover ratio fluctuated between 1.14 and 1.25, indicating relatively stable asset utilization to generate sales during this period.
Overall, the company experienced some fluctuations in its total asset turnover ratio over the analyzed period, but it generally improved its efficiency in utilizing assets to generate revenue. This trend suggests that Under Armour Inc A managed to optimize its asset usage to drive sales growth and potentially improve profitability.
Peer comparison
Dec 31, 2024