Under Armour Inc A (UAA)

Return on total capital

Mar 31, 2025 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 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020
Earnings before interest and tax (EBIT) (ttm) US$ in thousands -110,896 -117,354 -75,288 -65,821 229,751 271,468 296,607 270,258 283,811 315,944 335,688 421,654 513,602 553,033 725,120 645,331 344,966 117,960 -97,921 -85,017
Long-term debt US$ in thousands
Total stockholders’ equity US$ in thousands 1,984,720 1,985,200 1,816,570 2,153,290 2,173,020 2,089,740 2,005,410 1,998,400 1,832,000 1,816,330 1,729,080 1,728,950 2,088,990 1,977,750 1,846,710 1,770,200 1,675,990 1,470,350 1,423,410
Return on total capital -5.91% -3.79% -3.62% 10.67% 12.49% 14.19% 13.48% 14.20% 17.25% 18.48% 24.39% 29.71% 26.47% 36.66% 34.94% 19.49% 7.04% -6.66% -5.97%

March 31, 2025 calculation

Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $-110,896K ÷ ($—K + $—K)
= —

The return on total capital for Under Armour Inc A has shown significant fluctuations over the period from June 30, 2020, to March 31, 2025. The ratio started in negative territory in mid-2020 but saw a positive turn by the end of 2020. From there, the return on total capital improved substantially, reaching a peak of 36.66% by September 30, 2021.

Subsequently, the ratio experienced a slight decline but remained at relatively high levels until March 31, 2023. However, there was a notable decrease in the return on total capital from June 30, 2023, dropping to around 10% by March 31, 2024. The ratio continued to decline, dipping into negative territory by the end of 2024.

This downward trend in the return on total capital suggests some challenges for the company in effectively utilizing its total capital to generate returns for its investors. It is important for Under Armour Inc A to assess its capital allocation strategies and operational efficiency to improve this key financial metric in the future.