Acushnet Holdings Corp (GOLF)
Fixed asset turnover
| 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 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 2,457,091 | 2,424,883 | 2,397,763 | 2,403,259 | 2,381,995 | 2,416,438 | 2,381,303 | 2,350,539 | 2,270,336 | 2,243,498 | 2,206,881 | 2,173,132 | 2,147,930 | 2,147,858 | 2,109,161 | 1,784,313 | 1,612,169 | 1,559,946 | 1,494,180 | 1,656,396 |
| Property, plant and equipment | US$ in thousands | — | — | — | — | — | 275,007 | 267,284 | — | 312,058 | 236,240 | 229,738 | 230,006 | 231,761 | 217,757 | 219,379 | 220,616 | 222,811 | 219,744 | 223,305 | 226,085 |
| Fixed asset turnover | — | — | — | — | — | 8.79 | 8.91 | — | 7.28 | 9.50 | 9.61 | 9.45 | 9.27 | 9.86 | 9.61 | 8.09 | 7.24 | 7.10 | 6.69 | 7.33 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $2,457,091K ÷ $—K
= —
Fixed asset turnover indicates how efficiently a company generates revenue from its investment in fixed assets such as property, plant, and equipment. A higher fixed asset turnover ratio is generally preferred as it signifies that the company is effectively utilizing its fixed assets to generate sales.
Analyzing the data provided for Acushnet Holdings Corp's fixed asset turnover over multiple quarters, we observe fluctuation in the ratio over time. The ratio ranged from a low of 6.69 in June 2020 to a high of 9.86 in September 2021, indicating variability in the company's ability to generate sales from its fixed assets.
Overall, Acushnet Holdings Corp's fixed asset turnover has shown an increasing trend, with the ratio improving from 7.33 in March 2020 to 9.50 in September 2022. This suggests that the company has been more efficient in utilizing its fixed assets to drive revenue during this period.
However, there are instances of decline in the ratio, such as the drop from 9.61 in June 2022 to 7.28 in December 2022. Such fluctuations may be attributed to changes in production capacity, sales volume, or shifts in the company's business strategy.
The absence of data for certain quarters, indicated by "—" in March 2023, December 2023, and subsequent periods, limits the complete assessment of the trend. Further analysis would be required to understand the reasons behind these missing data points and their impact on Acushnet Holdings Corp's fixed asset turnover performance.
In conclusion, while Acushnet Holdings Corp has shown improvement in fixed asset turnover over the analyzed period, the fluctuations in the ratio highlight the importance of monitoring efficiency in utilizing fixed assets to drive revenue generation for sustained business performance.
Peer comparison
Dec 31, 2024