Acushnet Holdings Corp (GOLF)
Operating profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 304,262 | 285,305 | 281,533 | 259,812 | 145,455 |
| Revenue | US$ in thousands | 2,457,090 | 2,382,000 | 2,270,340 | 2,147,930 | 1,612,170 |
| Operating profit margin | 12.38% | 11.98% | 12.40% | 12.10% | 9.02% |
December 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $304,262K ÷ $2,457,090K
= 12.38%
Acushnet Holdings Corp has demonstrated a positive trend in its operating profit margin over the years, reflecting the company's ability to effectively manage its operating expenses relative to its revenue. The operating profit margin increased from 9.02% as of December 31, 2020, to 12.38% as of December 31, 2024.
This improvement indicates a strengthening operational efficiency and profitability in the company's core business activities. In 2021, there was a notable jump in the operating profit margin to 12.10%, suggesting successful cost control measures or revenue growth initiatives. While there was a slight dip in 2023 to 11.98%, the margin rebounded in 2024 to 12.38%, indicating resilience in maintaining profitability.
Overall, Acushnet Holdings Corp's consistent performance in enhancing its operating profit margin demonstrates effective management strategies and a strong financial position that could support future growth and sustainable profitability.
Peer comparison
Dec 31, 2024