Under Armour Inc A (UAA)

Gross profit margin

		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
Gross profit (ttm)	US$ in thousands	2,630,253	2,636,150	2,662,435	2,627,746	2,646,448	2,816,888	2,908,068	2,863,055	2,861,499	2,779,188	2,677,404	2,357,752	2,160,095	2,148,000	2,151,578	2,356,730	2,470,533	2,414,233	2,389,542	2,361,805
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
Gross profit margin		46.13%	45.70%	45.41%	44.76%	44.83%	46.69%	48.49%	49.57%	50.35%	50.00%	49.17%	49.10%	48.27%	47.61%	47.72%	47.20%	46.90%	46.29%	45.69%	45.31%

March 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,630,253K ÷ $5,701,870K
= 46.13%

The gross profit margin for Under Armour Inc A has shown fluctuations over the past 20 quarters. The margin ranged from a high of 50.35% in Dec 31, 2021, to a low of 44.76% in Jun 30, 2023. Overall, the trend appears to be somewhat declining, with the margin generally decreasing from 50.35% in Dec 31, 2021, to 46.13% in Mar 31, 2024. This indicates that the company's ability to generate profits from its core business operations has been under pressure in recent quarters. It would be important for stakeholders to closely monitor the trend in the gross profit margin to assess the company's profitability and operational efficiency.