Under Armour Inc A (UAA)

Operating return on assets (Operating ROA)

		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
Total assets	US$ in thousands	4,760,730	5,044,510	4,746,550	4,867,160	4,827,550	4,827,560	4,770,070	4,605,800	4,991,400	4,822,300	4,871,510	4,914,300	5,030,630	4,863,550	5,003,340	4,837,580	4,843,530	4,633,760	4,679,910	4,436,070
Operating ROA		4.83%	5.21%	5.92%	5.36%	5.65%	6.83%	8.64%	8.99%	9.74%	9.46%	7.03%	1.05%	-12.19%	-12.24%	-10.29%	-7.37%	4.89%	3.29%	2.83%	0.88%

March 31, 2024 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $229,751K ÷ $4,760,730K
= 4.83%

Operating return on assets (Operating ROA) for Under Armour Inc A has fluctuated over the periods provided. The trend shows a decline in Operating ROA from the high of 9.74% in Dec 31, 2021, to the low of -12.24% in Sep 30, 2020, before starting to recover. The most recent Operating ROA as of Mar 31, 2024, stands at 4.83%. This indicates that for every dollar of assets, the company generated 4.83 cents in operating income.

The variability in Operating ROA suggests that Under Armour Inc A's management of operating assets to generate income has been inconsistent. Investors and stakeholders may want to further investigate the reasons behind these fluctuations to assess the company's operational efficiency and profitability sustainability.