Acushnet Holdings Corp (GOLF)
Inventory 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 1,269,364 | 1,131,538 | 1,133,271 | 1,141,998 | 1,133,001 | 1,150,088 | 1,128,480 | 1,122,633 | 1,091,103 | 1,083,463 | 1,073,004 | 1,048,435 | 1,029,493 | 1,013,453 | 991,572 | 844,693 | 782,333 | 763,822 | 732,733 | 805,363 |
| Inventory | US$ in thousands | 575,964 | 497,519 | 482,605 | 537,412 | 615,535 | 528,730 | 562,328 | 639,123 | 674,684 | 536,742 | 467,388 | 448,780 | 413,314 | 325,488 | 300,324 | 330,165 | 357,682 | 318,356 | 363,785 | 364,935 |
| Inventory turnover | 2.20 | 2.27 | 2.35 | 2.12 | 1.84 | 2.18 | 2.01 | 1.76 | 1.62 | 2.02 | 2.30 | 2.34 | 2.49 | 3.11 | 3.30 | 2.56 | 2.19 | 2.40 | 2.01 | 2.21 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $1,269,364K ÷ $575,964K
= 2.20
Acushnet Holdings Corp's inventory turnover ratio has fluctuated over the period mentioned. The ratio indicates how many times the company's inventory is sold and replaced over a specific period.
From March 31, 2020, to June 30, 2022, the inventory turnover ratio ranged between 1.62 and 3.30, with the highest point observed in June 30, 2021. This suggests that the company was able to efficiently manage its inventory and convert it into sales.
However, in the subsequent quarters, the inventory turnover ratio experienced some variations, with a decreasing trend seen in the last reported quarter at December 31, 2024. This decrease may imply that the company could be facing challenges in efficiently managing its inventory levels or sales are slowing down compared to the previous periods.
Overall, it is crucial for Acushnet Holdings Corp to continuously analyze and optimize its inventory turnover to ensure efficient utilization of its resources and maintain healthy sales levels.
Peer comparison
Dec 31, 2024
Dec 31, 2024