Acushnet Holdings Corp (GOLF)
Total 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 |
| Total assets | US$ in thousands | 2,180,210 | 2,280,750 | 2,274,160 | 2,356,960 | 2,196,680 | 2,210,570 | 2,330,930 | 2,453,010 | 2,193,810 | 2,101,360 | 2,096,150 | 2,085,800 | 2,005,840 | 2,075,220 | 2,066,690 | 1,968,880 | 1,866,560 | 1,839,090 | 1,897,720 | 1,887,700 |
| 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 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $2,457,091K ÷ $2,180,210K
= 1.13
Acushnet Holdings Corp's total asset turnover has shown fluctuation over the provided periods, ranging from 0.79 to 1.13. This ratio measures the efficiency of the company in utilizing its assets to generate sales. A higher total asset turnover indicates that the company is generating more sales with fewer assets, which is generally favorable.
The trend in total asset turnover for Acushnet Holdings Corp indicates an improvement from 0.79 in June 2020 to 1.13 by December 2024, reflecting enhanced efficiency in asset utilization. The ratio peaked at 1.13 in December 2024, suggesting that the company effectively generated sales relative to its total assets.
Overall, the increasing trend in total asset turnover signifies that Acushnet Holdings Corp has been able to increase sales relative to its asset base over the analyzed periods. This improvement may be attributed to better asset management or operational efficiency within the company. However, it is essential to consider other financial metrics to obtain a comprehensive understanding of the company's overall financial performance.
Peer comparison
Dec 31, 2024