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

Company name
Symbol
Total asset turnover
Callaway Golf Company
MODG
0.55
Acushnet Holdings Corp
GOLF
1.05
YETI Holdings Inc
YETI
1.42