Under Armour Inc A (UAA)

Return on assets (ROA)

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Dec 31, 2021	Mar 31, 2021
Net income	US$ in thousands	232,042	386,769	360,060	360,060	-549,177
Total assets	US$ in thousands	4,760,730	4,857,080	4,991,400	4,991,400	5,030,630
ROA		4.87%	7.96%	7.21%	7.21%	-10.92%

March 31, 2024 calculation

ROA = Net income ÷ Total assets
= $232,042K ÷ $4,760,730K
= 4.87%

The return on assets (ROA) for Under Armour Inc A has fluctuated over the past five years. In the most recent period ending March 31, 2024, the ROA was 4.87%, showing a decrease compared to the previous year where it stood at 7.76% as of March 31, 2023. Despite the recent decline, the company's ROA remained positive, indicating that it generated a profit from its total assets during the period.

Looking further back, the ROA was relatively stable in December 2021 at 7.21%. However, in December 2020, there was a significant decrease in ROA to -10.92%, indicating that the company incurred a loss relative to its assets during that period. Prior to that, in December 2019, the ROA was 1.90%, showing a moderate return on assets.

Overall, the trend in ROA for Under Armour Inc A suggests some volatility in profitability relative to its asset base over the past five years. It is important for stakeholders to monitor the company's performance closely to assess its ability to effectively utilize its assets to generate returns in the future.