Under Armour Inc A (UAA)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	2,153,290	1,998,400	2,088,990	2,088,990	1,675,990
ROE		10.78%	19.35%	17.24%	17.24%	-32.77%

March 31, 2024 calculation

ROE = Net income ÷ Total stockholders’ equity
= $232,042K ÷ $2,153,290K
= 10.78%

Under Armour Inc A's return on equity (ROE) has fluctuated over the past five years, as reflected in the data provided in the table. In the most recent period ending on March 31, 2024, the company's ROE stood at 10.78%, a decrease from the prior year's ROE of 19.05%. The ROE was also lower compared to the end of 2021, where it was reported at 17.24%.

A significant decline in ROE was observed at the end of 2020, where it reached a negative value of -32.77%. This indicates that the company's net income was insufficient to cover the shareholders' equity, leading to a negative return.

However, the ROE improved in the subsequent year, reaching 4.29% by the end of 2019. This indicates a recovery in the company's profitability and financial performance.

Overall, the fluctuation in Under Armour Inc A's ROE over the years suggests varying levels of profitability and efficiency in generating returns for shareholders. It is essential for the company to focus on improving its profitability and effectively utilizing its equity to drive sustainable growth in the future.