Acushnet Holdings Corp (GOLF)
Activity ratios
Short-term
Turnover ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Working capital turnover | 4.90 | 4.26 | 3.90 | 3.25 | 4.37 | 13.63 | 3.42 | 2.93 | 4.45 | 3.84 | 4.23 | 4.19 | 4.42 | 3.55 | 3.45 | 3.40 | 3.65 | 3.68 | 4.00 | 4.56 |
Acushnet Holdings Corp's inventory turnover has fluctuated over the past few years, ranging from a low of 1.62 to a high of 3.30. The inventory turnover ratio measures how efficiently the company is managing its inventory levels, with a higher ratio indicating that inventory is turning over more quickly.
On the other hand, there is no data available for the receivables turnover and payables turnover ratios. These ratios would have provided insights into how quickly the company is collecting receivables from customers and paying its suppliers, respectively.
When looking at the working capital turnover, we can see that the company's performance has varied significantly. The working capital turnover ratio reflects how efficiently Acushnet is using its working capital to generate sales revenue. A higher ratio suggests that the company is effectively utilizing its working capital.
Overall, while the inventory turnover and working capital turnover ratios provide some insights into Acushnet Holdings Corp's efficiency in managing its inventory and working capital, the lack of data for the receivables and payables turnover ratios limits a comprehensive analysis of the company's overall activity ratios.
Average number of days
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 165.62 | 160.48 | 155.44 | 171.77 | 198.30 | 167.80 | 181.88 | 207.80 | 225.70 | 180.82 | 158.99 | 156.24 | 146.54 | 117.23 | 110.55 | 142.67 | 166.88 | 152.13 | 181.21 | 165.39 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Acushnet Holdings Corp's Days of Inventory on Hand (DOH) has shown fluctuating trends over the analyzed periods, with varying levels of inventory turnover efficiency. The DOH ranged from a low of 110.55 days to a high of 225.70 days. The company's ability to efficiently manage its inventory levels improved notably from June 30, 2021, to March 31, 2022, before increasing again in the subsequent quarters.
The Days of Sales Outstanding (DSO) and Number of Days of Payables information is not provided, making it difficult to assess the efficiency of Acushnet Holdings Corp in collecting receivables and managing payables.
In general, Acushnet's ability to effectively manage its inventory levels has demonstrated some variability over the analyzed periods, warranting further monitoring to ensure optimal operational efficiency and financial performance.
Long-term
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Total asset turnover | 1.13 | 1.06 | 1.05 | 1.02 | 1.08 | 1.09 | 1.02 | 0.96 | 1.03 | 1.07 | 1.05 | 1.04 | 1.07 | 1.04 | 1.02 | 0.91 | 0.86 | 0.85 | 0.79 | 0.88 |
Acushnet Holdings Corp's Fixed Asset Turnover ratio has shown fluctuations over the years but generally demonstrates an upward trend. The ratio increased from 7.33 in March 2020 to a peak of 9.86 in September 2021. Although there was a slight decline in the ratio towards the end of the period, it remained relatively high at 8.79 in September 2023.
In contrast, the Total Asset Turnover ratio also experienced fluctuations but exhibited a steady upward trend overall. The ratio improved from 0.88 in March 2020 to 1.13 by December 2024, indicating that the company was generating more revenue relative to its total assets.
The high Fixed Asset Turnover ratios suggest that Acushnet Holdings Corp efficiently utilizes its fixed assets to generate sales, while the increasing Total Asset Turnover ratios demonstrate the company's ability to effectively utilize all its assets to generate revenue. These trends indicate operational efficiency and effective asset management within the organization's long-term activity ratios.