Callaway Golf Company (MODG)
Receivables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 4,200,300 | 4,152,800 | 4,099,400 | 4,064,800 | 4,100,200 | 4,077,300 | 4,031,900 | 3,983,500 | 3,879,900 | 3,753,324 | 3,642,683 | 3,454,542 | 3,079,082 | 2,741,987 | 2,377,880 | 1,771,541 | 1,562,865 | 1,500,177 | 1,433,952 | 1,585,033 |
| Receivables | US$ in thousands | 187,100 | 308,200 | 408,000 | 432,500 | 207,100 | 309,900 | 404,100 | 465,800 | 184,500 | 279,700 | 385,100 | 427,500 | 124,850 | 255,223 | 325,275 | 328,841 | 139,111 | 246,971 | 230,628 | 280,578 |
| Receivables turnover | 22.45 | 13.47 | 10.05 | 9.40 | 19.80 | 13.16 | 9.98 | 8.55 | 21.03 | 13.42 | 9.46 | 8.08 | 24.66 | 10.74 | 7.31 | 5.39 | 11.23 | 6.07 | 6.22 | 5.65 |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $4,200,300K ÷ $187,100K
= 22.45
Receivables turnover is a measure of how efficiently a company collects on its credit sales. It indicates the number of times a company collects its average accounts receivable balance during a specific period. Analyzing the data provided for Callaway Golf Company, we observe fluctuations in the receivables turnover ratio over the quarters.
From March 31, 2020, to June 30, 2020, the receivables turnover improved from 5.65 to 6.22, indicating a more efficient collection of receivables. However, there was a slight decrease to 6.07 by September 30, 2020.
A significant increase in the ratio was observed by December 31, 2020, where it reached a value of 11.23, reflecting a substantial improvement in receivables turnover. The ratio declined to 5.39 by March 31, 2021, and then increased to 7.31 by June 30, 2021.
The trend of improvement continued in the subsequent quarters, with the ratio reaching 24.66 by December 31, 2021, indicating a very efficient collection of receivables during that period. The ratio remained relatively high in the following quarters, suggesting continued efficiency in collecting outstanding receivables.
Looking at the most recent data, the receivables turnover ratio for March 31, 2024, was 9.40, showing a consistent trend of maintaining a relatively high level of receivables turnover efficiency.
Overall, the data suggests that Callaway Golf Company has shown fluctuations in its receivables turnover ratio over the quarters, with some periods of significant improvement and efficiency in collecting receivables. However, it is essential to continue monitoring this ratio to ensure consistent and effective management of accounts receivable.
Peer comparison
Dec 31, 2024