Callaway Golf Company (MODG)
Receivables turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,259,500 | 4,100,200 | 3,879,900 | 3,049,960 | 1,551,060 |
| Receivables | US$ in thousands | 187,100 | 207,100 | 184,500 | 124,850 | 139,111 |
| Receivables turnover | 22.77 | 19.80 | 21.03 | 24.43 | 11.15 |
December 31, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $4,259,500K ÷ $187,100K
= 22.77
The receivables turnover for Callaway Golf Company has shown a notable improvement over the past years. In 2020, the company had a receivables turnover of 11.15, which indicates that it collected its accounts receivable approximately 11 times during the year. This ratio increased significantly to 24.43 in 2021, reflecting a more efficient collection of receivables.
Although there was a slight decline in 2022 to 21.03 and in 2023 to 19.80, the company's receivables turnover remained at relatively high levels, indicating that Callaway Golf Company continued to manage its accounts receivable effectively.
In 2024, there was a rebound in the receivables turnover to 22.77, suggesting that the company improved its collections efficiency once again. Overall, the trend in the receivables turnover ratio for Callaway Golf Company shows a positive trajectory, indicating effective credit management and timely collection of receivables from customers.
Peer comparison
Dec 31, 2024