Callaway Golf Company (MODG)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 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 | 79,408 | 80,127 | 58,596 | 90,532 |
| 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 |
| ROA | 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% | 4.05% | 4.31% | 3.02% | 4.68% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $95,000K ÷ $9,120,600K
= 1.04%
Based on the data provided, Topgolf Callaway Brands Corp's Return on Assets (ROA) has shown a fluctuating trend over the past eight quarters.
The ROA has ranged from 1.04% to 2.49% during this period. A downward trend is observed from Q4 2022, where the ROA was 1.84%, declining to 1.11% in Q3 2023. However, there was a slight increase in Q4 2023 to 1.04%.
Overall, the company's ROA performance indicates that for every dollar of assets, Topgolf Callaway Brands Corp generated a return ranging from 1.04% to 2.49% over the past eight quarters. Further analysis of the company's efficiency in generating profits from its assets and comparison with industry averages would provide deeper insights into its financial health and operational effectiveness.
Peer comparison
Dec 31, 2023