Acushnet Holdings Corp (GOLF)
Total 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 |
| Total assets | US$ in thousands | 2,180,210 | 2,196,680 | 2,193,810 | 2,005,840 | 1,866,560 |
| Total asset turnover | 1.13 | 1.08 | 1.03 | 1.07 | 0.86 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $2,457,090K ÷ $2,180,210K
= 1.13
Acushnet Holdings Corp's total asset turnover has shown a positive trend over the past five years. The ratio increased from 0.86 in December 2020 to 1.13 in December 2024, indicating that the company efficiently utilizes its assets to generate sales.
The gradual improvement in total asset turnover suggests that Acushnet is managing its assets more effectively over the years. This increase is a positive sign for investors as it demonstrates the company's ability to generate more revenue from its asset base.
A total asset turnover ratio above 1.0 implies that the company is generating more in sales than the value of its assets, which is generally considered favorable. It indicates that Acushnet is using its assets efficiently to drive sales growth and maximize shareholder value.
Overall, the improving trend in total asset turnover for Acushnet Holdings Corp reflects the company's effective management of assets to generate revenue, signaling operational efficiency and financial strength.
Peer comparison
Dec 31, 2024