Acushnet Holdings Corp (GOLF)
Inventory turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 1,269,360 | 1,129,480 | 1,091,100 | 1,029,490 | 782,333 |
| Inventory | US$ in thousands | 575,964 | 615,535 | 674,684 | 413,314 | 357,682 |
| Inventory turnover | 2.20 | 1.83 | 1.62 | 2.49 | 2.19 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $1,269,360K ÷ $575,964K
= 2.20
Acushnet Holdings Corp's inventory turnover has shown some fluctuation over the past five years. In December 2020, the inventory turnover ratio stood at 2.19, indicating the company's ability to sell and replenish its inventory approximately 2.19 times during the year.
By December 2021, the ratio increased to 2.49, suggesting a more efficient management of inventory or potentially an increase in sales relative to inventory levels. However, in December 2022, the inventory turnover dropped to 1.62, which may signify slower sales relative to the amount of inventory held by the company during that period.
The following year, in December 2023, the ratio improved slightly to 1.83, but still remained below the levels seen in 2020 and 2021. Finally, by December 2024, the inventory turnover ratio rebounded to 2.20, approaching the levels observed in 2020.
Overall, although there have been fluctuations in Acushnet Holdings Corp's inventory turnover over the past five years, it is crucial for the company to continue monitoring and managing its inventory levels effectively to ensure optimal performance and operational efficiency.
Peer comparison
Dec 31, 2024