Under Armour Inc A (UAA)
Working capital 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 current assets | US$ in thousands | 2,690,990 | 2,569,740 | 2,967,990 | 2,863,680 | 3,122,820 | 2,871,760 | 2,984,220 | 2,948,480 | 3,116,600 | 3,079,400 | 3,000,090 | 3,336,300 | 3,127,940 | 3,143,180 | 3,157,720 | 3,222,980 | 2,973,340 | 3,089,010 | 2,868,010 | 2,702,210 |
| Total current liabilities | US$ in thousands | 1,341,020 | 1,181,130 | 1,718,290 | 1,165,460 | 1,466,180 | 1,283,100 | 1,464,210 | 1,359,280 | 1,502,130 | 1,473,260 | 1,458,680 | 1,450,180 | 1,354,540 | 1,361,960 | 1,234,320 | 1,413,280 | 1,448,400 | 1,618,610 | 1,691,500 | 1,422,010 |
| Working capital turnover | 3.94 | 3.89 | 4.46 | 3.36 | 3.48 | 3.69 | 3.86 | 3.71 | 3.74 | 3.73 | 3.75 | 3.01 | 3.13 | 3.06 | 2.50 | 2.47 | 2.96 | 3.07 | 4.24 | 4.11 |
December 31, 2024 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $5,315,920K ÷ ($2,690,990K – $1,341,020K)
= 3.94
The working capital turnover ratio for Under Armour Inc A has shown fluctuating trends over the periods analyzed. It was highest at 4.46 on June 30, 2024, indicating that the company generated $4.46 in revenue for each dollar of working capital invested during that period. This suggests efficient utilization of working capital to generate sales.
Conversely, the ratio was lowest at 2.47 on December 31, 2020, which may imply less efficient management of working capital during that period, leading to lower revenue generation relative to the working capital invested.
Overall, the working capital turnover ratio for Under Armour Inc A has ranged from 2.47 to 4.46 during the periods analyzed. Fluctuations in this ratio can indicate changes in the company's efficiency in utilizing its working capital to generate sales revenue. Further analysis of underlying factors driving these fluctuations would be necessary to assess the company's overall working capital management efficiency.
Peer comparison
Dec 31, 2024