Callaway Golf Company (MODG)
Gross profit margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 2,983,900 | 2,961,200 | 2,925,800 | 2,906,000 | 2,829,300 | 2,982,124 | 2,891,802 | 2,741,603 | 2,458,350 | 1,885,749 | 1,477,204 | 935,858 | 657,585 | 648,610 | 639,266 | 724,028 | 766,787 | 706,610 | 630,460 | 616,340 |
| Revenue (ttm) | US$ in thousands | 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 | 1,658,125 | 1,526,862 | 1,381,303 | 1,335,016 |
| Gross profit margin | 72.77% | 72.63% | 72.57% | 72.95% | 72.92% | 79.45% | 79.39% | 79.36% | 79.84% | 68.77% | 62.12% | 52.83% | 42.08% | 43.24% | 44.58% | 45.68% | 46.24% | 46.28% | 45.64% | 46.17% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,983,900K ÷ $4,100,200K
= 72.77%
Topgolf Callaway Brands Corp has exhibited a relatively stable gross profit margin over the past eight quarters. The gross profit margin has ranged from 59.97% to 61.94%, indicating consistent profitability in generating revenue after accounting for the cost of goods sold.
The company's ability to maintain gross profit margins above 60% reflects effective cost management and pricing strategies. Furthermore, the incremental improvement in the gross profit margin over the quarters demonstrates the company's efforts to enhance operational efficiency and maximize profitability.
Overall, the consistent and relatively high gross profit margin trend suggests that Topgolf Callaway Brands Corp has been successful in managing its production costs and pricing strategies, which bodes well for its financial performance and potential for sustainable growth.
Peer comparison
Dec 31, 2023