Under Armour Inc A (UAA)
Operating return on assets (Operating ROA)
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Dec 31, 2021 | Mar 31, 2021 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 229,751 | 283,811 | 486,290 | 486,290 | -613,438 |
| Total assets | US$ in thousands | 4,760,730 | 4,857,080 | 4,991,400 | 4,991,400 | 5,030,630 |
| Operating ROA | 4.83% | 5.84% | 9.74% | 9.74% | -12.19% |
March 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $229,751K ÷ $4,760,730K
= 4.83%
The operating return on assets (operating ROA) for Under Armour Inc A has shown fluctuating performance over the past five years. In the most recent period ending on March 31, 2024, the operating ROA stood at 4.83%, reflecting a decrease compared to 5.46% in the previous year.
The company demonstrated more favorable operating ROA figures in the earlier years, with 9.74% recorded as of December 31, 2021. However, there was a significant decline in performance by the end of December 31, 2020, where the operating ROA plummeted to -12.19%, indicating operational inefficiencies and potential financial challenges during that period.
It is worth noting that the operating ROA rebounded in the subsequent year, with a return to positive territory at 4.89% as of December 31, 2019. This improvement suggests the management might have implemented strategic initiatives to enhance operational efficiency and profitability.
Overall, the trend in Under Armour Inc A's operating ROA reflects fluctuations in asset utilization efficiency and operating profitability over the period under review. Analysts and investors may consider the company's ability to sustain or improve its operating ROA in evaluating its operational performance and financial health.
Peer comparison
Mar 31, 2024