Acushnet Holdings Corp (GOLF)
Return on assets (ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 214,298 | 188,606 | 189,689 | 192,916 | 198,429 | 226,911 | 221,441 | 213,240 | 201,010 | 172,902 | 160,329 | 174,960 | 178,873 | 226,907 | 250,859 | 172,087 | 96,006 | 92,265 | 58,846 | 95,021 |
| 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 |
| ROA | 9.83% | 8.27% | 8.34% | 8.18% | 9.03% | 10.26% | 9.50% | 8.69% | 9.16% | 8.23% | 7.65% | 8.39% | 8.92% | 10.93% | 12.14% | 8.74% | 5.14% | 5.02% | 3.10% | 5.03% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $214,298K ÷ $2,180,210K
= 9.83%
Acushnet Holdings Corp has shown fluctuations in its return on assets (ROA) over the past few years, with the ROA ranging from as low as 3.10% in June 2020 to as high as 12.14% in June 2021. The trend in ROA indicates that the company's efficiency in generating profits from its assets improved significantly in the first half of 2021 but has since moderated to more stable levels.
The ROA increased steadily from 5.03% in March 2020 to 12.14% in June 2021, indicating a period of strong performance in utilizing its assets to generate profits. However, since June 2021, the ROA has gradually decreased to around 8-9% range, suggesting that the company might be experiencing some challenges in maintaining the earlier high levels of profitability relative to its asset base.
Overall, the ROA trend for Acushnet Holdings Corp shows a mix of higher and lower returns on its assets over the years, with a general improvement from 2020 to mid-2021 followed by a period of relative stability at a slightly lower level. It would be important for stakeholders to monitor the company's asset utilization efficiency closely to ensure sustained profitability in the future.
Peer comparison
Dec 31, 2024