Under Armour Inc A (UAA)

Operating return on assets (Operating ROA)

Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020
Operating income (ttm) US$ in thousands -113,139 -119,597 -63,586 -90,907 229,751 271,468 296,607 270,258 283,811 202,596 194,068 246,722 333,444 486,290 456,005 342,511 51,632 -613,438 -595,211 -514,861
Total assets US$ in thousands 4,630,960 4,494,590 4,860,510 4,760,730 5,044,510 4,746,550 4,867,160 4,857,080 4,827,560 4,770,070 4,605,800 4,452,830 4,991,400 4,822,300 4,871,510 4,914,300 5,030,630 4,863,550 5,003,340
Operating ROA -2.58% -1.41% -1.87% 4.83% 5.38% 6.25% 5.55% 5.84% 4.20% 4.07% 5.36% 7.49% 9.74% 9.46% 7.03% 1.05% -12.19% -12.24% -10.29%

March 31, 2025 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $-113,139K ÷ $—K
= —

The operating return on assets (operating ROA) for Under Armour Inc A exhibited fluctuations over the period from June 2020 to March 2025. The company's operating ROA was negative in the earlier periods, indicating that its operating income was insufficient to cover the assets employed in the business. This negative trend continued until March 2021 when the operating ROA turned positive at 1.05%.

In the subsequent quarters, there was a notable improvement in the company's operating ROA, reaching a peak of 9.74% by December 2021. This positive trend continued into the following quarters, showcasing the company's ability to generate more operating income relative to its assets.

However, starting from June 2022, the operating ROA began to decline gradually, indicating a decrease in the efficiency of asset utilization to generate operating returns. By March 2024, the operating ROA decreased to 4.83%.

The operating ROA further decreased and turned negative in the periods following March 2024, signaling potential challenges in effectively utilizing assets to generate operating profits. The data for March 2025 is unavailable, leaving the trend open to interpretation.

Overall, the analysis of Under Armour Inc A's operating ROA highlights varying levels of operational efficiency in generating returns from its assets during the period under review. The company experienced both positive and negative trends, suggesting fluctuations in its operational performance and profitability.