Under Armour Inc A (UAA)

Gross profit margin

		Mar 31, 2024	Mar 31, 2023	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Gross profit	US$ in thousands	2,630,250	2,643,830	2,861,500	2,160,100	2,470,530
Revenue	US$ in thousands	5,701,880	5,903,160	5,683,470	4,474,670	5,267,130
Gross profit margin		46.13%	44.79%	50.35%	48.27%	46.90%

March 31, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $2,630,250K ÷ $5,701,880K
= 46.13%

The gross profit margin for Under Armour Inc A has shown fluctuations over the past five years. In the latest fiscal year ending March 31, 2024, the gross profit margin improved to 46.13% compared to 44.79% in the previous year. This increase indicates that the company was able to effectively control its cost of goods sold and increase its profitability on sales.

When comparing the most recent gross profit margin to the margins from prior years, it is lower than the peak of 50.35% reported on December 31, 2021, but higher than the margins for the years ending December 31, 2020, and December 31, 2019.

Overall, the trend in the gross profit margin suggests that Under Armour Inc A has been managing its production costs well, although there have been fluctuations over the years. Maintaining or increasing the gross profit margin is crucial for the company's financial health as it indicates its ability to generate profits from its core business activities.