Under Armour (Under Armour) ROCE % : 7.90% (As of Dec. 2023)

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What is Under Armour ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Under Armour's annualized ROCE % for the quarter that ended in Dec. 2023 was 7.90%.

Under Armour ROCE % Historical Data

The historical data trend for Under Armour's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Under Armour ROCE % Chart

Under Armour Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Mar22

Mar23

ROCE %

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7.46

-0.34

14.72

8.53

Under Armour Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															17.15	0.93	2.43	16.98	7.90

Under Armour ROCE % Calculation

Under Armour's annualized ROCE % for the fiscal year that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Mar. 2023 )		(A: Mar. 2022 )		(A: Mar. 2023 )
	=	283.811	/	( ( (4452.832 - 1298.595)	+	(4857.083 - 1356.891) )	/ 2 )
	=	283.811	/	( (3154.237	+	3500.192)	/ 2 )
	=	283.811	/	3327.2145
	=	8.53 %

Under Armour's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	278.08	/	( ( (4746.553 - 1283.104)	+	(5044.506 - 1466.182) )	/ 2 )
	=	278.08	/	( ( 3463.449	+	3578.324 )	/ 2 )
	=	278.08	/	3520.8865
	=	7.90 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Under Armour (NYSE:UA) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Under Armour ROCE % Related Terms

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Under Armour (Under Armour) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Under Armour Inc (NYSE:UA) » Definitions » ROCE %

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Address

1020 Hull Street, Baltimore, MD, USA, 21230

Website

https://www.underarmour.com

Under Armour develops, markets, and distributes athletic apparel, footwear, and accessories in North America, Asia-Pacific, Europe, and other regions. Consumers of its performance-based clothing and shoes include professional and amateur athletes, sponsored college and professional teams, and people with active lifestyles. The company sells merchandise through direct-to-consumer, including e-commerce and more than 400 combined factory house and brand house stores, and wholesale channels. Under Armour also operates a digital fitness app called MapMyFitness. The Baltimore-based company was founded in 1996.