Callaway Golf Company (MODG)
Total asset 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 |
| Total assets | US$ in thousands | 7,636,100 | 9,158,100 | 9,100,400 | 9,092,000 | 9,120,600 | 8,982,000 | 8,964,400 | 8,941,400 | 8,590,400 | 8,221,700 | 8,156,200 | 8,079,400 | 7,747,800 | 7,397,380 | 7,271,830 | 7,108,560 | 1,980,600 | 1,966,310 | 1,859,660 | 2,135,080 |
| Total asset turnover | 0.55 | 0.45 | 0.45 | 0.45 | 0.45 | 0.45 | 0.45 | 0.45 | 0.45 | 0.46 | 0.45 | 0.43 | 0.40 | 0.37 | 0.33 | 0.25 | 0.79 | 0.76 | 0.77 | 0.74 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $4,200,300K ÷ $7,636,100K
= 0.55
Total asset turnover is a financial ratio that indicates how efficiently a company is utilizing its assets to generate revenue. For Callaway Golf Company, the total asset turnover has shown a fluctuating trend over the years.
From March 31, 2020, to December 31, 2021, the total asset turnover improved steadily from 0.74 to 0.79, indicating an increase in the company's ability to generate revenue relative to its total assets during this period. However, in the subsequent quarters, the ratio saw a significant decline, reaching its lowest point of 0.25 on March 31, 2021, before gradually recovering to 0.55 by December 31, 2024.
This variability in the total asset turnover may suggest changes in the company's operational efficiency and asset management over time. A higher total asset turnover generally indicates better asset utilization and revenue generation, while a lower ratio may signal inefficiencies or underutilization of assets.
Further evaluation of the company's operational strategies, investment decisions, and business performance may be necessary to understand the underlying factors driving the fluctuations in Callaway Golf Company's total asset turnover.
Peer comparison
Dec 31, 2024