Callaway Golf Company (MODG)
Return on equity (ROE)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -1,447,700 | 95,000 | 157,900 | 322,000 | -126,900 |
| Total stockholders’ equity | US$ in thousands | 2,407,700 | 3,878,200 | 3,774,300 | 3,682,900 | 675,644 |
| ROE | -60.13% | 2.45% | 4.18% | 8.74% | -18.78% |
December 31, 2024 calculation
ROE = Net income ÷ Total stockholders’ equity
= $-1,447,700K ÷ $2,407,700K
= -60.13%
The return on equity (ROE) for Callaway Golf Company has varied significantly over the last five years. In 2020, the ROE was negative at -18.78%, which indicates that the company generated a loss in relation to shareholders' equity. However, in the following years, there was an improvement in the ROE, with figures of 8.74% in 2021, 4.18% in 2022, and 2.45% in 2023. Despite these improvements, the ROE decreased sharply to -60.13% in 2024, which suggests a significant decline in the company's profitability relative to shareholders' equity. Overall, the trend in ROE for Callaway Golf Company shows inconsistency and volatility, indicating varying levels of efficiency in utilizing equity to generate profits during the period under review.
Peer comparison
Dec 31, 2024