Under Armour Inc A (UAA)

Cash conversion cycle

Mar 31, 2025 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 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020
Days of inventory on hand (DOH) days 128.36 143.85 140.55 136.80 113.89 128.70 130.51 148.72 133.50 140.75 130.24 119.08 104.16 104.95 110.04 116.18 127.22 141.29 163.17 185.60
Days of sales outstanding (DSO) days 47.77 42.26 48.87 44.88 48.48 43.76 50.12 43.23 46.98 44.04 50.06 44.23 44.75 36.54 48.32 42.84 52.93 43.02 65.27 46.02
Number of days of payables days 58.35 85.89 71.50 85.28 57.48 81.54 61.88 80.43 72.80 85.38 90.09 83.50 70.79 79.33 70.00 80.90 73.31 90.83 99.32 102.87
Cash conversion cycle days 117.78 100.21 117.91 96.40 104.90 90.92 118.75 111.51 107.67 99.41 90.21 79.81 78.12 62.17 88.36 78.12 106.84 93.48 129.12 128.75

March 31, 2025 calculation

Cash conversion cycle = DOH + DSO – Number of days of payables
= 128.36 + 47.77 – 58.35
= 117.78

The cash conversion cycle of Under Armour Inc A has shown fluctuations over the reported periods. From June 30, 2020, to March 31, 2021, the company experienced an increasing trend in its cash conversion cycle from 128.75 days to 106.84 days, indicating a longer period to convert inventory into cash.

However, there was a significant improvement in the cash conversion cycle as of June 30, 2021, showing a substantial decrease to 78.12 days. This improvement continued through December 31, 2021, where the cycle further reduced to 62.17 days, reflecting more efficient management of working capital.

The trend continued to fluctuate in the following periods, with slight increases in the cash conversion cycle. Notably, by September 30, 2024, the cycle reached 117.92 days, showing a longer period for the company to convert its investment in inventory back into cash.

As of March 31, 2025, the cash conversion cycle is reported as 0.00 days, which may indicate an anomaly in the data or a unique circumstance affecting the conversion of cash during that particular period.

Overall, the analysis of Under Armour Inc A's cash conversion cycle suggests that the company has experienced fluctuations in converting inventory into cash over the reported periods, with some improvements but also periods of inefficiency in managing working capital.