Acushnet Holdings Corp (GOLF)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 765,247 | 863,899 | 863,693 | 883,736 | 864,235 | 928,366 | 1,017,220 | 987,122 | 939,056 | 1,010,000 | 1,071,170 | 1,070,390 | 1,042,840 | 1,139,600 | 1,124,690 | 1,050,960 | 984,075 | 961,984 | 898,543 | 886,200 |
| ROE | 28.00% | 21.83% | 21.96% | 21.83% | 22.96% | 24.44% | 21.77% | 21.60% | 21.41% | 17.12% | 14.97% | 16.35% | 17.15% | 19.91% | 22.30% | 16.37% | 9.76% | 9.59% | 6.55% | 10.72% |
December 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $214,298K ÷ $765,247K
= 28.00%
Return on equity (ROE) is a key financial ratio that measures a company's profitability by evaluating how effectively it generates profit from shareholders' equity. Analyzing Acushnet Holdings Corp's ROE over the past several quarters, we observe fluctuations in the ratio:
1. In the first quarter of 2020, the ROE stood at 10.72%, indicating that the company generated a profit of $10.72 for every $100 of shareholders' equity. This was followed by a decline in the second quarter to 6.55%.
2. The ROE showed a slight improvement in the third quarter of 2020, reaching 9.59%, and further increased to 9.76% by the end of the year.
3. A significant improvement was noted in the first quarter of 2021, with the ROE jumping to 16.37%, indicating a more efficient utilization of equity to generate profits.
4. This positive trend continued through mid-2022, with ROE figures of 22.30% and 19.91% in the second and third quarters, respectively.
5. However, a slight decrease was observed in the fourth quarter of 2022, with the ROE at 17.15%, rebounding to 21.41% by the end of the first quarter of 2023.
6. The company maintained a relatively stable ROE around the 21-22% range in the subsequent quarters of 2023 and the first three quarters of 2024.
7. Notably, Acushnet Holdings Corp achieved its highest ROE of 28.00% in the last quarter of 2024, indicating a strong profitability performance and efficient use of shareholders' equity.
Overall, the fluctuating trend in Acushnet Holdings Corp's ROE reflects changes in the company's profitability and efficiency in generating returns for its shareholders over the analyzed period. This ratio provides valuable insights into the company's financial health and operational effectiveness.
Peer comparison
Dec 31, 2024