Under Armour Inc A (UAA)

Return on total capital

		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
Earnings before interest and tax (EBIT) (ttm)	US$ in thousands	232,655	271,468	296,607	270,258	283,811	334,683	412,088	413,883	486,290	456,005	342,511	51,632	-613,438	-595,211	-514,861	-356,669	236,770	152,250	132,296	38,903
Long-term debt	US$ in thousands	594,873	595,124	594,655	594,107	674,478	673,930	673,382	672,834	662,531	662,903	804,621	1,009,950	1,003,560	997,347	987,949	593,281	592,687	591,995	591,396	590,431
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
Return on total capital		8.47%	9.81%	11.05%	10.40%	10.75%	13.36%	16.55%	17.23%	17.67%	17.27%	12.92%	1.86%	-22.89%	-24.12%	-21.35%	-16.64%	8.63%	5.55%	5.01%	1.47%

March 31, 2024 calculation

Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $232,655K ÷ ($594,873K + $2,153,290K)
= 8.47%

The return on total capital for Under Armour Inc A has shown a fluctuating trend over the past few quarters. The return on total capital ranged from a low of -24.12% in Dec 2020 to a high of 17.67% in Jun 2022. In the most recent quarter, Mar 2024, the return on total capital was 8.47%, which indicates that the company generated a return of 8.47% on its total capital employed during that period.

Overall, the return on total capital has shown variability, which may indicate fluctuations in the company's ability to generate returns relative to the total amount of capital invested. It is important for stakeholders to closely monitor the trend in return on total capital to assess the company's efficiency in utilizing its capital resources effectively.