Callaway Golf Company (MODG)
Operating return on assets (Operating ROA)
| 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 |
| Total assets | US$ in thousands | 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 | 1,960,550 | 1,859,650 | 1,937,220 | 1,933,720 |
| Operating ROA | 2.61% | 2.62% | 2.57% | 2.72% | 2.99% | 2.88% | 3.00% | 2.76% | 2.64% | 3.07% | 2.95% | -0.99% | -5.33% | -4.88% | -6.40% | 4.86% | 6.77% | 6.06% | 4.28% | 5.80% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $237,700K ÷ $9,120,600K
= 2.61%
Topgolf Callaway Brands Corp's operating return on assets (ROA) fluctuated over the past eight quarters, ranging from 2.57% to 3.00%. The highest operating ROA was observed in Q2 2022 at 3.00%, while the lowest was recorded in Q2 2023 at 2.57%. Despite some variations, the operating ROA generally remained within a relatively narrow range, indicating consistency in generating operating income relative to its assets.
The overall trend suggests that Topgolf Callaway Brands Corp has been able to effectively utilize its assets to generate operating profits. However, it is worth noting the slight decrease in operating ROA from Q4 2022 to Q2 2023, which may warrant further investigation into the factors impacting the company's profitability during that period.
Further analysis, in conjunction with other financial metrics and contextual information, would provide a more comprehensive understanding of Topgolf Callaway Brands Corp's operational efficiency and profitability over time.
Peer comparison
Dec 31, 2023