Acushnet Holdings Corp (GOLF)
Return on total capital
| 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 interest and tax (EBIT) (ttm) | US$ in thousands | 304,194 | 284,447 | 280,985 | 280,188 | 283,502 | 316,948 | 322,634 | 303,948 | 284,072 | 252,433 | 219,689 | 241,737 | 256,891 | 305,935 | 339,194 | 242,051 | 155,403 | 167,832 | 124,756 | 172,600 |
| Long-term debt | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| 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 |
| Return on total capital | 39.75% | 32.93% | 32.53% | 31.70% | 32.80% | 34.14% | 31.72% | 30.79% | 30.25% | 24.99% | 20.51% | 22.58% | 24.63% | 26.85% | 30.16% | 23.03% | 15.79% | 17.45% | 13.88% | 19.48% |
December 31, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $304,194K ÷ ($—K + $765,247K)
= 39.75%
Acushnet Holdings Corp's return on total capital has exhibited fluctuations over the analyzed periods. The ratio increased from 19.48% as of March 31, 2020, to a peak of 39.75% as of December 31, 2024.
The trend shows some volatility, with some quarters showing a decrease in the return on total capital followed by periods of significant improvement. Notably, there was a notable increase in the ratio from June 30, 2023, to December 31, 2024, indicating a potential improvement in the company's efficiency in generating returns from its total capital.
Overall, the trend indicates that Acushnet Holdings Corp has been successful in effectively utilizing its total capital to generate returns for its shareholders, with the ratio showing an upward trajectory in the latter periods of the analysis. This implies that the company has been able to optimize its capital structure and operational efficiency during the period under review.
Peer comparison
Dec 31, 2024