Under Armour Inc A (UAA)

Operating 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
Operating income (ttm)	US$ in thousands	229,751	262,867	280,949	260,886	272,946	329,515	412,088	413,883	486,290	456,005	342,511	51,632	-613,438	-595,211	-514,861	-356,669	236,770	152,250	132,296	38,903
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
Operating profit margin		4.03%	4.56%	4.79%	4.44%	4.62%	5.46%	6.87%	7.17%	8.56%	8.20%	6.29%	1.08%	-13.71%	-13.19%	-11.42%	-7.14%	4.50%	2.92%	2.53%	0.75%

March 31, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $229,751K ÷ $5,701,870K
= 4.03%

The operating profit margin of Under Armour Inc A has shown some fluctuations over the past few quarters. It decreased from a high of 8.56% in Dec 31, 2021, to a low of 1.08% in Mar 31, 2021, before experiencing a significant decline to -13.71% in Dec 31, 2020.

Subsequently, the operating profit margin has shown a positive trend, with improvements to 4.03% in Mar 31, 2024. This indicates that the company has been able to increase its profitability in recent quarters, although it has not yet reached the levels seen in previous years.

Overall, the operating profit margin of Under Armour Inc A has fluctuated over the analyzed period, with a recent upward trend signaling potential improvements in the company's operational efficiency and profitability. It will be important to continue monitoring this metric to assess the company's financial health and performance.