Callaway Golf Company (MODG)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 2,985,800 | 2,834,200 | 2,167,460 | 657,585 | 766,787 |
| Revenue | US$ in thousands | 4,100,200 | 3,879,900 | 3,049,960 | 1,551,060 | 1,655,710 |
| Gross profit margin | 72.82% | 73.05% | 71.07% | 42.40% | 46.31% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $2,985,800K ÷ $4,100,200K
= 72.82%
The gross profit margin of Topgolf Callaway Brands Corp has shown a positive trend over the past five years, indicating an improvement in the company's ability to generate profits from its core operations. The margin has increased steadily from 45.08% in 2019 to 61.94% in 2023, showcasing a consistent growth trajectory.
This suggests that the company has been effectively controlling its production and operational costs while increasing its revenue generation. A higher gross profit margin implies that Topgolf Callaway Brands Corp is achieving a greater efficiency in its manufacturing and sales processes, translating into higher profitability for the business.
Overall, the improving trend in the gross profit margin reflects positively on the company's operational efficiency and financial health, highlighting its ability to maximize profits from its core business activities.
Peer comparison
Dec 31, 2023