Callaway Golf Company (MODG)
Profitability ratios
Return on sales
| 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 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% |
| Operating profit margin | -29.93% | 4.12% | 5.15% | 5.51% | 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% |
| Pretax margin | -35.07% | -1.05% | 0.15% | 0.63% | 0.85% | 1.05% | 1.36% | 2.30% | 3.66% | 3.26% | 3.67% | 2.93% | 11.39% | 14.53% | 17.08% | 8.73% | -8.16% | -7.42% | -9.48% | 4.78% |
| Net profit margin | -34.47% | -0.29% | 0.52% | 1.88% | 2.32% | 2.44% | 2.68% | 2.41% | 4.07% | 5.45% | 4.11% | 3.94% | 10.46% | 11.22% | 15.81% | 6.59% | -8.12% | -7.70% | -9.55% | 3.76% |
The profitability ratios of Callaway Golf Company show fluctuating trends over the reporting periods. The gross profit margin steadily increased from 45.68% on March 31, 2020, to a peak of 79.84% on December 31, 2021, before decreasing slightly to 72.77% by December 31, 2023. However, there was a significant drop to 26.65% by December 31, 2024.
The operating profit margin started in negative territory with -8.29% on June 30, 2020, and gradually improved to reach a peak of 9.03% by June 30, 2021. Subsequently, it stabilized around the range of 5% to 6% until declining sharply to -29.93% by December 31, 2024.
The pretax margin fluctuated notably, starting from -9.48% on June 30, 2020, and hitting a peak of 17.08% on June 30, 2021. However, the margin declined consistently thereafter, reaching -35.07% by December 31, 2024.
The net profit margin also showed variation, with negative margins in the initial quarters, gradually improving, and then decreasing again towards the end of the reporting periods. From -9.55% on June 30, 2020, it reached a high of 15.81% on June 30, 2021, and subsequently decreased to -34.47% by December 31, 2024.
Overall, the profitability of Callaway Golf Company has been volatile, with periods of growth followed by declines. The company experienced challenges in maintaining consistent profitability, as evidenced by the fluctuating margins over the years.
Return on investment
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | -16.46% | 1.87% | 2.32% | 2.46% | 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% |
| Return on assets (ROA) | -18.96% | -0.13% | 0.23% | 0.84% | 1.04% | 1.11% | 1.21% | 1.08% | 1.84% | 2.49% | 1.84% | 1.69% | 4.16% | 4.16% | 5.17% | 1.64% | -6.41% | -5.88% | -7.36% | 2.79% |
| Return on total capital | -32.43% | 3.32% | 4.16% | 4.53% | 4.54% | 4.37% | 4.31% | 4.73% | 5.75% | 5.40% | 5.49% | 4.84% | 9.90% | 10.19% | 9.95% | 4.38% | -6.08% | -5.13% | -7.70% | 9.37% |
| Return on equity (ROE) | -60.13% | -0.31% | 0.54% | 1.97% | 2.45% | 2.52% | 2.75% | 2.52% | 4.18% | 5.37% | 3.95% | 3.68% | 8.74% | 8.27% | 10.06% | 3.23% | -18.79% | -16.79% | -21.93% | 7.85% |
The profitability ratios of Callaway Golf Company exhibited fluctuations over the reported periods. The Operating return on assets (Operating ROA) showed a positive trend from March 31, 2020, to June 30, 2021, followed by some variability until December 31, 2022, and a decline thereafter. The Return on assets (ROA) followed a similar pattern, with a noticeable decrease in profitability from December 31, 2022, to December 31, 2024. Additionally, the Return on total capital and Return on equity (ROE) ratios were volatile, with a significant negative performance reported at the end of December 31, 2024. Overall, the company's profitability ratios reflected a mix of positive and negative trends, highlighting fluctuations in operational efficiency and financial performance throughout the reported periods.