Under Armour Inc A (UAA)

Return on assets (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
Net income (ttm)	US$ in thousands	232,042	399,834	402,151	384,365	382,037	317,334	317,708	289,990	360,060	434,857	360,359	118,257	-549,176	-748,934	-685,565	-520,019	92,139	111,661	84,612	6,417
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
ROA		4.87%	7.93%	8.47%	7.90%	7.91%	6.57%	6.66%	6.30%	7.21%	9.02%	7.40%	2.41%	-10.92%	-15.40%	-13.70%	-10.75%	1.90%	2.41%	1.81%	0.14%

March 31, 2024 calculation

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

The return on assets (ROA) of Under Armour Inc A has varied over the period shown in the table. The ROA indicates how efficiently the company is using its assets to generate profits.

From December 2019 to March 2020, the ROA was relatively low, at 0.14% and 1.90%, respectively. However, there was a significant decline in ROA in the following quarters, reaching negative ROA values from September 2020 to December 2020, indicating that the company was not effectively utilizing its assets to generate profits during that time.

Beginning in March 2021, there was a gradual improvement in ROA, with the highest recorded ROA of 9.02% in September 2021. This increase in ROA suggests that the company was able to generate higher profits relative to its assets in those periods.

There was a slight decline in ROA in the subsequent quarters but overall, the company showed a positive trend in ROA performance. The latest reported ROA for March 2024 stands at 4.87%, which indicates that Under Armour Inc A is continuing to generate a reasonable level of profits relative to its assets.

It is important for stakeholders to monitor the ROA trend over time to assess the company's efficiency in utilizing its assets to generate profits and to evaluate its overall financial health.