Acushnet Holdings Corp (GOLF)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 2,457,090 | 2,382,000 | 2,270,340 | 2,147,930 | 1,612,170 |
| Property, plant and equipment | US$ in thousands | — | — | 312,058 | 231,761 | 222,811 |
| Fixed asset turnover | — | — | 7.28 | 9.27 | 7.24 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $2,457,090K ÷ $—K
= —
The fixed asset turnover ratio measures how effectively a company generates revenue from its investments in fixed assets. Looking at Acushnet Holdings Corp's fixed asset turnover over the past few years, there has been variability in the ratio.
In 2020, the fixed asset turnover was 7.24, indicating that Acushnet generated $7.24 in sales for every $1 of fixed assets. This ratio improved significantly in 2021 to 9.27, suggesting increased efficiency in asset utilization. However, in 2022, the ratio dropped back to 7.28, closer to the 2020 level.
Interestingly, there is missing data for 2023 and 2024, represented by dashes. This absence of data may be due to various reasons such as changes in reporting practices, acquisitions, or other factors affecting asset turnover during those years.
Overall, the trend in fixed asset turnover for Acushnet Holdings Corp indicates some fluctuations in the efficiency of generating sales from fixed assets. Monitoring this ratio closely in the upcoming years will be crucial to understanding the company's ability to maximize returns on its investments in fixed assets.
Peer comparison
Dec 31, 2024