Callaway Golf Company (MODG)
Return on assets (ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -1,447,700 | -12,100 | 21,200 | 76,500 | 95,000 | 99,400 | 108,200 | 96,200 | 157,900 | 204,374 | 149,874 | 136,174 | 321,974 | 307,624 | 376,056 | 116,672 | -126,934 | -115,576 | -136,960 | 59,655 |
| Total assets | US$ in thousands | 7,636,100 | 9,158,100 | 9,100,400 | 9,092,000 | 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 |
| 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% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $-1,447,700K ÷ $7,636,100K
= -18.96%
Callaway Golf Company's return on assets (ROA) fluctuated in the period from March 31, 2020, to December 31, 2024. The ROA started at a positive 2.79% as of March 31, 2020, and then dropped significantly to negative figures in the subsequent quarters. The company recorded negative ROA figures, reaching a low of -18.96% as of December 31, 2024.
After the negative trend, there was a gradual recovery in ROA, with positive percentages observed from March 31, 2021, onwards. The ROA improved to 5.17% as of June 30, 2021, indicating a temporary recovery in the company's asset utilization efficiency.
However, the positive trend did not sustain, as there were fluctuations in ROA figures in the following quarters. The ROA fluctuated between 1.08% and 2.49% in the period from March 31, 2023, to September 30, 2024. The negative ROA figures observed in the latter part of the period may indicate challenges in generating profits relative to the total assets employed by the company.
Overall, the analysis of Callaway Golf Company's ROA suggests fluctuations and challenges in effectively leveraging its assets to generate returns over the period under review. Additional insights from the company's financial statements and operational performance would be needed to understand the factors driving these fluctuations in ROA and to assess the company's overall financial health.
Peer comparison
Dec 31, 2024