Under Armour Inc A (UAA)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	2,153,290	2,173,020	2,089,740	2,005,410	1,966,150	1,832,000	1,816,330	1,729,080	2,088,990	1,977,750	1,846,710	1,770,200	1,675,990	1,470,350	1,423,410	1,550,180	2,150,090	2,153,670	2,048,270	2,049,810
ROE		10.78%	18.40%	19.24%	19.17%	19.43%	17.32%	17.49%	16.77%	17.24%	21.99%	19.51%	6.68%	-32.77%	-50.94%	-48.16%	-33.55%	4.29%	5.18%	4.13%	0.31%

March 31, 2024 calculation

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

The return on equity (ROE) of Under Armour Inc A has fluctuated over the past several quarters, ranging from -50.94% in September 2020 to a high of 21.99% in September 2021. This indicates varying levels of profitability generated from the shareholders' equity during the respective periods.

In the most recent quarter, ending March 31, 2024, the ROE stood at 10.78%, showing a decrease from the previous quarter's ROE of 18.40%. This decline may suggest a lower level of profitability relative to shareholders' equity in the company.

Looking at the trend over the past few years, there appear to be some periods of volatility in the ROE, with some quarters showing significant swings in profitability relative to equity. The company experienced a substantial decline in ROE from December 2020 to June 2021, with negative ROE figures in December 2020 and March 2021.

Overall, the trend in ROE for Under Armour Inc A indicates fluctuations in profitability relative to shareholders' equity, with some periods showing strong performance while others showcasing challenges in generating returns for equity investors. This suggests a need for further analysis of the company's financial performance and strategies to improve its profitability metrics.