Callaway Golf Company (MODG)
Gross profit margin
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 1,119,300 | 3,053,300 | 3,005,100 | 2,949,000 | 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 |
| 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 |
| Gross profit margin | 26.65% | 73.52% | 73.31% | 72.55% | 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% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,119,300K ÷ $4,200,300K
= 26.65%
The gross profit margin of Callaway Golf Company has shown fluctuations over the years, indicating changes in the company's cost structure and pricing strategies.
From March 2020 to December 2021, the gross profit margin steadily increased from 45.68% to 79.84%, indicating efficient cost management and potentially higher product pricing or increased sales volume.
In the subsequent quarters, the gross profit margin remained relatively stable, hovering around the high 70s and low 70s percentages. This consistency may suggest that the company has maintained its operational efficiency and pricing strategies.
However, in December 2024, the gross profit margin dropped significantly to 26.65%, which could be a cause for concern. This sharp decline may indicate issues such as increased production costs, pricing pressures, or declining sales prices.
Overall, while the gross profit margin of Callaway Golf Company has shown resilience and efficiency over the years, the sudden drop in December 2024 warrants further investigation to identify the underlying reasons and potential mitigating actions.
Peer comparison
Dec 31, 2024