Acushnet Holdings Corp (GOLF)

Short-term

Turnover ratios

Acushnet Holdings Corp's inventory turnover has shown a fluctuating trend over the years, increasing from 2.19 in 2020 to 2.49 in 2021, dropping to 1.62 in 2022, and then rising again to 2.20 in 2024. This indicates the company's ability to efficiently manage its inventory by converting it into sales within a certain period.

The receivables turnover ratio data is not available for any of the years provided, which suggests that the company may not have significant credit sales or that there may be other reasons for unavailability.

Similarly, the payables turnover ratio data is also not available for the given years, indicating a lack of information on the company's efficiency in managing its payables.

The working capital turnover ratio has generally shown an increasing trend from 3.65 in 2020 to 4.90 in 2024. This indicates that Acushnet Holdings Corp is effectively utilizing its working capital to generate sales revenue. A higher working capital turnover ratio signifies that the company is efficiently using its resources to drive revenue growth.

Overall, Acushnet Holdings Corp's activity ratios paint a positive picture in terms of managing its inventory and working capital efficiently, but there is a lack of data for receivables and payables turnover ratios.

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Average number of days

Acushnet Holdings Corp's activity ratios provide insights into how efficiently the company manages its inventory, sales, and payables.

1. Days of Inventory on Hand (DOH):
- Acushnet Holdings Corp's DOH decreased from 166.88 days in December 2020 to 146.54 days in December 2021, indicating improved inventory management.
- However, this ratio increased significantly to 225.70 days in December 2022, suggesting a potential buildup of inventory.
- The DOH decreased to 198.91 days in December 2023 and further improved to 165.62 days in December 2024, indicating better inventory turnover.

2. Days of Sales Outstanding (DSO):
- Unfortunately, there is no data available for the DSO ratio, making it difficult to assess how quickly Acushnet Holdings Corp collects its receivables.

3. Number of Days of Payables:
- Similarly, data for the number of days of payables is not provided, making it challenging to evaluate how efficiently the company manages its payables.

In conclusion, while Acushnet Holdings Corp has shown improvements in managing its inventory turnover based on the provided DOH data, the absence of information on DSO and payables hinders a comprehensive assessment of the company's overall activity efficiency.

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Long-term

Acushnet Holdings Corp's fixed asset turnover ratio, which measures how efficiently the company generates sales from its fixed assets, has shown variability over the years. In 2020, the ratio was 7.24, indicating that the company generated $7.24 in sales for every dollar invested in fixed assets. This ratio increased significantly to 9.27 in 2021, suggesting improved efficiency in utilizing its fixed assets to generate sales. However, in 2022, the ratio fell back to 7.28, indicating a potential decrease in asset utilization efficiency. Notably, data for 2023 and 2024 is not available for fixed asset turnover.

On the other hand, Acushnet Holdings Corp's total asset turnover ratio, which measures the company's ability to generate sales from its total assets, has shown a more consistent pattern. In 2020, the ratio stood at 0.86, meaning that the company generated $0.86 in sales for every dollar of total assets. This ratio improved steadily to 1.07 in 2021, 1.03 in 2022, 1.08 in 2023, and 1.13 in 2024. The increasing trend in total asset turnover suggests that the company has been more effective in utilizing its total assets to generate sales over the years.

Overall, while the fixed asset turnover ratio for Acushnet Holdings Corp has shown variability, the total asset turnover ratio has exhibited a more consistent improvement, indicating that the company has been more efficient in generating sales from its total assets.