Callaway Golf Company (MODG)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 237,700 | 235,600 | 230,000 | 243,000 | 256,800 | 236,837 | 244,637 | 222,937 | 204,737 | 227,145 | 214,654 | -70,095 | -105,515 | -95,916 | -118,936 | 103,712 | 132,668 | 112,763 | 82,973 | 112,094 |
| 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 |
| Operating profit margin | 5.80% | 5.78% | 5.70% | 6.10% | 6.62% | 6.31% | 6.72% | 6.45% | 6.65% | 8.28% | 9.03% | -3.96% | -6.75% | -6.39% | -8.29% | 6.54% | 8.00% | 7.39% | 6.01% | 8.40% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $237,700K ÷ $4,100,200K
= 5.80%
Topgolf Callaway Brands Corp's operating profit margin has exhibited some variability over the past eight quarters. The highest operating profit margin was recorded in Q2 2022 at 6.57%, while the lowest was in Q1 2023 at 5.49%.
The trend shows a general decline in operating profit margin from Q2 2022 to Q1 2023, which could indicate potential challenges or inefficiencies in the company's operations during that period. However, there was a slight improvement in Q3 2023 compared to Q1 2023.
Overall, the average operating profit margin of Topgolf Callaway Brands Corp over these eight quarters is approximately 5.94%. This suggests that the company, on average, retains about 5.94% of its revenue as operating profit after accounting for variable and fixed costs.
It is essential for the company to closely monitor its operating efficiency and cost management to ensure sustainable profitability and future growth.
Peer comparison
Dec 31, 2023