Acushnet Holdings Corp (GOLF)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 214,298 | 198,429 | 199,278 | 178,873 | 96,006 |
| Total assets | US$ in thousands | 2,180,210 | 2,196,680 | 2,193,810 | 2,005,840 | 1,866,560 |
| ROA | 9.83% | 9.03% | 9.08% | 8.92% | 5.14% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $214,298K ÷ $2,180,210K
= 9.83%
Acushnet Holdings Corp's Return on Assets (ROA) has shown a positive trend over the past five years. The ROA increased from 5.14% in December 31, 2020, to 9.83% in December 31, 2024, indicating the company's improved ability to generate profits from its assets.
The steady increase in ROA signifies that Acushnet Holdings Corp has been effectively utilizing its assets to generate earnings. This indicates efficient management of assets and effective operational performance. The company's ability to maintain and increase its ROA over the years suggests strong financial health and a potentially sustainable business model.
Overall, the upward trend in ROA for Acushnet Holdings Corp reflects positively on the company's ability to generate profit relative to its total assets, indicating efficient asset utilization and financial performance.
Peer comparison
Dec 31, 2024