Acushnet Holdings Corp (GOLF)
Pretax margin
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 249,667 | 231,660 | 231,485 | 235,222 | 241,600 | 280,994 | 281,817 | 271,013 | 259,435 | 232,065 | 213,344 | 236,128 | 247,823 | 287,046 | 314,833 | 210,895 | 113,049 | 121,931 | 81,480 | 133,466 |
| 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 |
| Pretax margin | 10.16% | 9.55% | 9.65% | 9.79% | 10.14% | 11.63% | 11.83% | 11.53% | 11.43% | 10.34% | 9.67% | 10.87% | 11.54% | 13.36% | 14.93% | 11.82% | 7.01% | 7.82% | 5.45% | 8.06% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $249,667K ÷ $2,457,091K
= 10.16%
The pretax margin of Acushnet Holdings Corp has shown fluctuation over the period from March 31, 2020, to December 31, 2024. The pretax margin indicates the company's efficiency in managing its expenses relative to its revenue before accounting for taxes.
The pretax margin started at 8.06% as of March 31, 2020, and gradually decreased to 5.45% by June 30, 2020. There was a recovery in the subsequent quarters, with the pretax margin improving to 7.82% by September 30, 2020, and further to 11.82% by March 31, 2021.
The company experienced a peak pretax margin of 14.93% on June 30, 2021, which then declined to 9.67% on June 30, 2022. There was a slight recovery in the following quarters, with the pretax margin stabilizing around 11% for most of 2023.
However, by the end of December 31, 2024, the pretax margin was recorded at 10.16%. Overall, the pretax margin trend indicates fluctuations in the company's profitability before taxes, with some quarters showing improvements while others demonstrating declines. This metric is crucial in assessing the company's operational efficiency and cost management strategies.
Peer comparison
Dec 31, 2024