Under Armour Inc A (UAA)

Return on assets (ROA)

		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	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
Net income (ttm)	US$ in thousands	-127,242	-17,723	-83,394	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
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	4,827,550	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
ROA		-2.75%	-0.39%	-1.72%	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%

December 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $-127,242K ÷ $4,630,960K
= -2.75%

The return on assets (ROA) for Under Armour Inc A has shown fluctuating performance over the past few years. The ROA was positive at 1.90% as of December 31, 2019, indicating that the company generated a modest return relative to its total assets at that time.

However, the ROA turned negative in the subsequent periods, notably declining to -15.40% by September 30, 2020. This suggests that the company was not efficiently utilizing its assets to generate profits during this period.

From March 31, 2021, the ROA started to improve, becoming positive again and showing an increasing trend. By September 30, 2021, the ROA had recovered to 9.02%, reflecting improved asset utilization and profitability.

Throughout 2022, the ROA remained relatively stable around 6-7%, indicating a more consistent performance in generating returns relative to its asset base.

However, towards the end of 2024, the ROA started to decline again, falling into negative territory by December 31, 2024, at -2.75%. This decline may raise concerns about the company's ability to effectively utilize its assets to generate profits.

In conclusion, despite fluctuations in performance, Under Armour Inc A has shown periods of both positive and negative ROA over the years, with recent trends suggesting a potential need for improved asset management strategies.