Callaway Golf Company (MODG)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 95,000 | 157,900 | 322,000 | -126,900 | 79,408 |
| Total assets | US$ in thousands | 9,120,600 | 8,590,400 | 7,747,800 | 1,980,600 | 1,960,550 |
| ROA | 1.04% | 1.84% | 4.16% | -6.41% | 4.05% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $95,000K ÷ $9,120,600K
= 1.04%
Based on the provided data, Topgolf Callaway Brands Corp's return on assets (ROA) has displayed fluctuating performance over the past five years.
In 2023, the ROA stands at 1.04%, showing a decrease from the previous year's 1.84%. This decline may indicate a decrease in the company's efficiency in generating profits from its assets.
The ROA was significantly higher at 4.16% in 2021, reflecting a strong performance in utilizing assets to generate profits. However, the ROA sharply declined to -6.41% in 2020, suggesting that the company experienced a period of negative returns relative to its asset base.
In 2019, the ROA was at a positive 4.05%, indicating healthy profitability in utilizing assets.
Overall, the trend in ROA for Topgolf Callaway Brands Corp reveals variability in the company's ability to generate returns from its assets, with fluctuations observed over the past five years. It is important for the company to analyze the factors contributing to these variations and take appropriate measures to improve and stabilize its ROA in the future.
Peer comparison
Dec 31, 2023