Acushnet (GOLF) Financials

$65.87 -0.66 (-0.99%)

Closing price 03:59 PM Eastern

Extended Trading

$65.75 -0.12 (-0.19%)

As of 06:19 PM Eastern

Annual Income Statements for Acushnet

This table shows Acushnet's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	-16	23	99	100	121	96	179	199	198	214
Consolidated Net Income / (Loss)	4.16	50	103	103	125	100	184	205	199	202
Net Income / (Loss) Continuing Operations	4.16	50	103	103	125	100	184	205	199	202
Total Pre-Tax Income	32	89	152	150	165	113	248	259	242	250
Total Operating Income	118	143	170	172	186	145	260	282	285	304
Total Gross Profit	776	799	802	842	872	830	1,118	1,049	1,120	1,188
Total Revenue	1,503	1,572	1,560	1,634	1,681	1,612	2,148	2,270	2,382	2,457
Operating Revenue	1,503	1,572	1,560	1,634	1,681	1,612	2,148	2,270	2,382	2,457
Total Cost of Revenue	727	773	758	791	809	782	1,029	1,222	1,262	1,269
Operating Cost of Revenue	727	773	758	791	809	782	1,029	1,222	1,262	1,269
Total Operating Expenses	658	656	632	670	687	684	859	767	835	883
Selling, General & Admin Expense	604	600	578	612	628	611	795	703	756	802
Research & Development Expense	46	48	47	51	52	49	55	56	65	68
Amortization Expense	6.62	6.61	6.50	6.64	7.48	12	7.87	7.89	14	14
Total Other Income / (Expense), net	-85	-53	-18	-22	-20	-32	-12	-22	-44	-55
Interest & Investment Income	-	-	-	-	-	-	-	-13	-41	-53
Other Income / (Expense), net	-25	-3.37	-2.44	-3.63	-0.88	-17	-4.28	-8.83	-2.42	-1.96
Income Tax Expense	28	40	48	47	41	13	64	54	43	48
Net Income / (Loss) Attributable to Noncontrolling Interest	5.12	15	4.51	3.20	3.50	4.01	5.37	5.81	0.18	-12
Basic Earnings per Share	($0.74)	$0.74	$1.33	$1.34	$1.61	$1.29	$2.40	$2.77	$2.96	$3.38
Weighted Average Basic Shares Outstanding	19.94M	31.25M	74.40M	74.77M	75.42M	74.49M	74.54M	71.96M	67.06M	63.35M
Diluted Earnings per Share	($0.74)	$0.62	$1.32	$1.32	$1.60	$1.28	$2.38	$2.75	$2.94	$3.37
Weighted Average Diluted Shares Outstanding	19.94M	64.32M	74.59M	75.47M	75.76M	75.06M	75.27M	72.56M	67.52M	63.65M
Weighted Average Basic & Diluted Shares Outstanding	19.94M	31.25M	1.10B	74.50M	74.38M	74.29M	72.38M	66.95M	63.49M	59.93M
Cash Dividends to Common per Share	$0.00	$0.00	$0.48	$0.52	$0.56	$0.62	$0.66	$0.72	$0.78	$0.86

This table shows Acushnet's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	52	-0.06	93	75	57	-27	88	71	56	-1.12
Consolidated Net Income / (Loss)	53	1.67	94	74	57	-26	85	70	55	-8.16
Net Income / (Loss) Continuing Operations	53	1.67	94	74	57	-26	85	70	55	-8.16
Total Pre-Tax Income	69	3.24	114	95	68	-36	108	91	68	-18
Total Operating Income	76	12	125	106	79	-25	121	106	82	-5.21
Total Gross Profit	295	93	366	369	309	77	378	372	337	101
Total Revenue	558	447	686	689	593	413	708	684	621	445
Operating Revenue	558	447	686	689	593	413	708	684	621	445
Total Cost of Revenue	263	354	321	321	285	336	330	312	283	345
Operating Cost of Revenue	263	354	321	321	285	336	330	312	283	345
Total Operating Expenses	219	81	241	262	230	102	257	266	255	106
Selling, General & Admin Expense	202	66	223	242	210	81	237	246	233	86
Research & Development Expense	15	14	15	17	16	18	16	16	19	16
Amortization Expense	1.95	2.02	3.69	3.51	3.51	3.51	3.51	3.51	3.50	3.50
Total Other Income / (Expense), net	-6.89	-8.37	-11	-11	-10	-11	-13	-15	-14	-13
Other Income / (Expense), net	-2.36	-3.00	-0.66	-0.43	-0.92	-0.41	-0.34	-0.54	-0.41	-0.67
Income Tax Expense	16	1.57	21	21	11	-9.73	23	21	13	-9.99
Net Income / (Loss) Attributable to Noncontrolling Interest	1.49	1.73	0.34	-0.29	-0.26	0.39	-3.20	-1.26	-0.95	-7.04
Basic Earnings per Share	$0.72	$0.04	$1.37	$1.09	$0.86	($0.36)	$1.36	$1.12	$0.89	$0.01
Weighted Average Basic Shares Outstanding	71.71M	71.96M	68.21M	68.34M	66.90M	67.06M	64.62M	63.94M	62.89M	63.35M
Diluted Earnings per Share	$0.72	$0.02	$1.36	$1.09	$0.85	($0.36)	$1.35	$1.11	$0.89	$0.02
Weighted Average Diluted Shares Outstanding	72.33M	72.56M	68.65M	68.65M	67.34M	67.52M	64.89M	64.16M	63.17M	63.65M
Weighted Average Basic & Diluted Shares Outstanding	70.21M	66.95M	67.36M	66.54M	65.38M	63.49M	63.07M	61.81M	60.80M	59.93M

This table details how cash moves in and out of Acushnet's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	5.37	20	-31	-17	3.17	117	130	-223	6.53	-12
Net Cash From Operating Activities	92	104	-27	164	134	264	314	-68	372	245
Net Cash From Continuing Operating Activities	92	104	-27	164	134	264	314	-68	372	245
Net Income / (Loss) Continuing Operations	4.16	50	103	103	125	100	184	205	199	202
Consolidated Net Income / (Loss)	4.16	50	103	103	125	100	184	205	199	202
Depreciation Expense	42	41	41	40	43	45	41	42	51	56
Amortization Expense	9.30	7.34	1.32	1.41	1.88	1.22	1.54	2.00	0.93	1.75
Non-Cash Adjustments To Reconcile Net Income	33	5.86	12	23	11	14	28	34	31	29
Changes in Operating Assets and Liabilities, net	3.95	0.72	-185	-3.90	-46	104	59	-351	90	-43
Net Cash From Investing Activities	-23	-19	-19	-50	-61	-25	-38	-140	-101	-75
Net Cash From Continuing Investing Activities	-23	-19	-19	-50	-61	-25	-38	-140	-101	-75
Purchase of Property, Plant & Equipment	-23	-19	-19	-33	-33	-25	-38	-61	-75	-75
Acquisitions	-	0.00	0.00	-17	-28	0.00	0.00	-83	-25	0.00
Other Investing Activities, net	-	-	-	-	-	0.00	0.00	4.54	-0.89	0.00
Net Cash From Financing Activities	-60	-63	9.26	-129	-70	-129	-140	-8.58	-265	-180
Net Cash From Continuing Financing Activities	-60	-63	9.26	-129	-70	-129	-140	-8.58	-265	-180
Repayment of Debt	-77	-416	-44	-21	-37	-19	-18	-735	-1,745	-1,179
Repurchase of Common Equity	-	-	0.00	0.00	-29	-6.98	-65	-189	-334	-173
Payment of Dividends	-18	-22	-41	-46	-47	-50	-51	-54	-52	-54
Issuance of Debt	0.00	376	0.00	-18	54	-52	-2.70	980	1,878	1,243
Other Financing Activities, net	35	0.00	94	-43	-11	-0.50	-3.95	-11	-11	-17
Other Net Changes in Cash	-	-	5.21	-1.86	-	6.11	-	-	-	-3.18
Cash Interest Paid	53	64	15	18	18	15	6.89	12	36	53
Cash Income Taxes Paid	20	17	36	27	31	30	29	56	34	49

This table details how cash moves in and out of Acushnet's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Change in Cash & Equivalents	-0.64	-50	-1.62	5.26	-5.78	8.67	-17	32	19	-46
Net Cash From Operating Activities	32	-8.75	-86	206	177	75	-110	212	144	-1.12
Net Cash From Continuing Operating Activities	32	-8.75	-86	206	177	75	-110	212	144	-1.12
Net Income / (Loss) Continuing Operations	53	1.67	94	74	57	-26	85	70	55	-8.16
Consolidated Net Income / (Loss)	53	1.67	94	74	57	-26	85	70	55	-8.16
Depreciation Expense	10	11	13	13	13	13	14	14	14	14
Amortization Expense	1.43	0.17	0.17	0.17	0.16	0.43	0.43	0.44	0.44	0.45
Non-Cash Adjustments To Reconcile Net Income	8.32	6.92	19	-6.08	6.15	12	7.50	8.15	9.27	3.92
Changes in Operating Assets and Liabilities, net	-42	-28	-212	125	101	75	-216	119	65	-12
Net Cash From Investing Activities	-8.64	-111	-35	-19	-15	-33	-7.28	-15	-20	-32
Net Cash From Continuing Investing Activities	-8.64	-111	-35	-19	-15	-33	-7.28	-15	-20	-32
Purchase of Property, Plant & Equipment	-13	-28	-12	-16	-15	-33	-7.28	-15	-20	-32
Net Cash From Financing Activities	-18	66	119	-182	-167	-36	102	-165	-109	-8.01
Net Cash From Continuing Financing Activities	-18	66	119	-182	-167	-36	102	-165	-109	-8.01
Repayment of Debt	-446	-368	-275	-391	-344	-735	-272	-367	-284	-256
Repurchase of Common Equity	-42	-51	-116	-22	-67	-129	-33	-39	-70	-30
Payment of Dividends	-13	-13	-14	-13	-13	-12	-15	-13	-13	-13
Issuance of Debt	483	497	536	244	256	842	437	256	259	292
Other Financing Activities, net	-	-	-11	-0.01	0.00	-0.04	-15	-1.22	-0.29	-0.05

This table presents Acushnet's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	1,759	1,736	1,734	1,692	1,817	1,867	2,006	2,194	2,197	2,180
Total Current Assets	672	665	687	664	743	800	969	1,059	997	974
Restricted Cash	4.73	79	48	31	34	151	282	59	65	53
Accounts Receivable	192	178	191	186	215	202	174	217	201	218
Inventories, net	326	323	364	361	398	358	413	675	616	576
Prepaid Expenses	-	-	-	-	-	-	-	-	114	126
Plant, Property, & Equipment, net	255	240	229	228	232	223	232	254	295	326
Total Noncurrent Assets	833	832	818	799	843	844	805	880	905	881
Goodwill	181	179	203	210	214	215	210	225	225	220
Intangible Assets	499	490	481	478	481	474	465	526	537	523
Noncurrent Deferred & Refundable Income Taxes	132	130	99	78	71	80	61	48	31	34
Other Noncurrent Operating Assets	20	32	34	33	77	75	68	82	110	103
Total Liabilities & Shareholders' Equity	1,759	1,736	1,734	1,692	1,817	1,867	2,006	2,194	2,197	2,180
Total Liabilities	1,434	967	880	765	865	849	922	1,210	1,284	1,383
Total Current Liabilities	756	462	307	295	359	358	483	549	451	473
Short-Term Debt	442	61	47	37	72	20	18	40	29	11
Accounts Payable	102	88	93	86	102	113	164	167	151	150
Accrued Expenses	71	47	52	57	77	101	131	202	114	180
Current Deferred & Payable Income Tax Liabilities	29	42	34	38	36	41	57	41	46	36
Current Employee Benefit Liabilities	111	224	80	77	72	82	113	98	111	95
Total Noncurrent Liabilities	679	505	573	470	506	491	439	662	833	910
Long-Term Debt	395	348	417	347	331	314	297	528	672	753
Noncurrent Deferred & Payable Income Tax Liabilities	7.11	7.45	9.32	4.64	4.84	3.82	4.95	5.90	7.08	8.11
Noncurrent Employee Benefit Liabilities	120	135	130	102	119	122	94	74	70	74
Other Noncurrent Operating Liabilities	158	14	17	16	52	52	43	54	84	75
Commitments & Contingencies	-	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	131	-	-	0.00	0.81	0.13	3.30	6.66	9.79	4.03
Total Equity & Noncontrolling Interests	194	769	854	927	951	1,017	1,080	977	903	793
Total Preferred & Common Equity	160	736	821	895	918	984	1,043	939	864	765
Total Common Equity	160	736	821	895	918	984	1,043	939	864	765
Common Stock	309	881	895	911	911	925	948	961	809	788
Retained Earnings	-82	-54	8.20	73	151	200	325	473	160	180
Accumulated Other Comprehensive Income / (Loss)	-67	-91	-82	-89	-112	-96	-100	-110	-104	-140
Other Equity Adjustments	-	-	-	-	-	-	-131	-	0.00	-63
Noncontrolling Interest	33	33	33	32	32	33	37	38	39	28

This table presents Acushnet's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024
Total Assets	2,101	2,453	2,331	2,211	2,357	2,274	2,281
Total Current Assets	1,083	1,266	1,152	1,034	1,174	1,094	1,085
Restricted Cash	108	57	63	57	49	80	99
Accounts Receivable	324	435	395	336	465	412	368
Inventories, net	537	639	562	529	537	483	498
Other Current Assets	-	134	132	112	123	119	121
Plant, Property, & Equipment, net	236	260	267	275	293	300	312
Total Noncurrent Assets	782	926	912	902	889	881	884
Goodwill	200	225	224	223	223	222	225
Intangible Assets	459	548	544	541	534	530	527
Noncurrent Deferred & Refundable Income Taxes	47	34	24	21	27	25	25
Other Noncurrent Operating Assets	77	119	120	117	106	104	106
Total Liabilities & Shareholders' Equity	2,101	2,453	2,331	2,211	2,357	2,274	2,281
Total Liabilities	1,051	1,420	1,268	1,237	1,428	1,365	1,376
Total Current Liabilities	499	464	456	856	436	479	516
Short-Term Debt	28	45	39	379	31	24	22
Accounts Payable	178	161	131	137	151	157	166
Accrued Expenses	164	119	136	201	129	166	173
Current Deferred & Payable Income Tax Liabilities	45	72	62	43	57	45	51
Current Employee Benefit Liabilities	85	67	87	96	68	88	103
Total Noncurrent Liabilities	552	956	812	380	992	886	860
Long-Term Debt	407	785	643	214	833	728	708
Noncurrent Deferred & Payable Income Tax Liabilities	5.22	5.75	5.64	6.11	7.29	7.32	7.62
Noncurrent Employee Benefit Liabilities	93	75	75	76	70	71	66
Other Noncurrent Operating Liabilities	47	90	89	85	81	80	78
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	4.32	7.67	7.69	7.26	9.60	10	6.52
Total Equity & Noncontrolling Interests	1,046	1,025	1,055	967	919	899	899
Total Preferred & Common Equity	1,010	987	1,017	928	884	864	864
Total Common Equity	1,010	987	1,017	928	884	864	864
Common Stock	955	957	966	971	794	793	787
Retained Earnings	483	553	614	658	205	232	217
Accumulated Other Comprehensive Income / (Loss)	-145	-114	-114	-123	-115	-123	-108
Other Equity Adjustments	-283	-	-448	-577	-	-37	-33
Noncontrolling Interest	36	38	38	38	36	35	35

This table displays calculated financial ratios and metrics derived from Acushnet's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-2.25%	4.61%	-0.76%	4.71%	2.92%	-4.12%	33.23%	5.70%	4.92%	3.15%
EBITDA Growth	-8.40%	30.58%	11.89%	0.49%	9.05%	-23.66%	70.15%	6.07%	5.93%	7.39%
EBIT Growth	-12.45%	50.50%	20.31%	0.79%	9.53%	-30.36%	98.58%	6.72%	3.73%	6.86%
NOPAT Growth	-75.82%	420.29%	46.11%	2.27%	18.48%	-8.10%	50.10%	15.22%	5.38%	4.88%
Net Income Growth	-83.62%	1,091.41%	108.42%	-0.13%	20.85%	-19.71%	84.22%	11.31%	-3.16%	1.63%
EPS Growth	-421.74%	183.78%	112.90%	0.00%	21.21%	-20.00%	85.94%	15.55%	6.91%	14.63%
Operating Cash Flow Growth	69.70%	13.55%	-125.93%	705.59%	-17.99%	96.92%	18.79%	-121.58%	648.52%	-34.08%
Free Cash Flow Firm Growth	0.00%	107.50%	-168.13%	296.51%	-8.53%	149.32%	11.08%	-155.37%	216.57%	60.75%
Invested Capital Growth	0.00%	-0.21%	15.56%	0.72%	3.15%	-9.09%	-6.92%	33.62%	3.77%	-2.62%
Revenue Q/Q Growth	0.00%	0.00%	1.41%	-0.49%	1.50%	3.35%	0.00%	1.20%	-1.43%	1.33%
EBITDA Q/Q Growth	0.00%	0.00%	10.35%	-3.01%	4.81%	-4.67%	-13.21%	11.25%	-8.49%	5.96%
EBIT Q/Q Growth	0.00%	0.00%	13.38%	-3.88%	4.98%	-7.62%	-13.94%	13.12%	-10.65%	6.79%
NOPAT Q/Q Growth	0.00%	0.00%	16.37%	-6.13%	6.11%	10.78%	-22.72%	16.62%	-9.61%	9.00%
Net Income Q/Q Growth	0.00%	0.00%	20.63%	-6.05%	6.27%	3.75%	-20.69%	14.84%	-12.39%	9.95%
EPS Q/Q Growth	0.00%	0.00%	-0.75%	-7.04%	5.96%	4.07%	-21.19%	15.55%	-11.45%	12.71%
Operating Cash Flow Q/Q Growth	0.00%	0.19%	24.15%	35.42%	4.42%	28.07%	-16.77%	-171.03%	29.02%	-23.67%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	11.53%	55.81%	31.51%	-16.76%	-1,309.12%	41.57%	43.57%
Invested Capital Q/Q Growth	0.00%	0.00%	3.00%	1.43%	-0.72%	-4.51%	-4.92%	8.42%	2.56%	-1.82%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	51.62%	50.82%	51.39%	51.56%	51.88%	51.47%	52.07%	46.19%	47.02%	48.34%
EBITDA Margin	9.54%	11.91%	13.43%	12.89%	13.66%	10.88%	13.89%	13.94%	14.07%	14.65%
Operating Margin	7.82%	9.06%	10.88%	10.55%	11.04%	9.02%	12.10%	12.40%	11.98%	12.38%
EBIT Margin	6.15%	8.85%	10.73%	10.33%	10.99%	7.98%	11.90%	12.01%	11.88%	12.30%
Profit (Net Income) Margin	0.28%	3.15%	6.61%	6.31%	7.41%	6.20%	8.58%	9.03%	8.34%	8.21%
Tax Burden Percent	12.93%	55.50%	68.04%	68.58%	75.42%	88.47%	74.34%	79.05%	82.20%	80.84%
Interest Burden Percent	34.78%	64.13%	90.62%	89.09%	89.39%	87.85%	96.98%	95.13%	85.40%	82.59%
Effective Tax Rate	87.07%	44.50%	31.96%	31.42%	24.58%	11.53%	25.66%	20.95%	17.80%	19.16%
Return on Invested Capital (ROIC)	2.76%	7.19%	9.75%	9.27%	10.77%	10.21%	16.67%	17.06%	15.43%	16.09%
ROIC Less NNEP Spread (ROIC-NNEP)	-0.08%	1.85%	6.45%	5.34%	6.49%	-0.20%	8.41%	10.62%	9.15%	9.54%
Return on Net Nonoperating Assets (RNNOA)	-0.20%	1.87%	2.97%	2.31%	2.49%	-0.06%	0.86%	2.79%	5.52%	7.51%
Return on Equity (ROE)	2.56%	9.06%	12.72%	11.57%	13.26%	10.16%	17.54%	19.84%	20.95%	23.61%
Cash Return on Invested Capital (CROIC)	-197.24%	7.40%	-4.68%	8.55%	7.67%	19.73%	23.84%	-11.72%	11.72%	18.75%
Operating Return on Assets (OROA)	5.26%	7.96%	9.65%	9.85%	10.53%	6.99%	13.20%	12.99%	12.89%	13.81%
Return on Assets (ROA)	0.24%	2.83%	5.95%	6.02%	7.10%	5.43%	9.52%	9.77%	9.05%	9.22%
Return on Common Equity (ROCE)	1.26%	7.42%	12.20%	11.15%	12.80%	9.81%	16.92%	19.03%	19.92%	22.49%
Return on Equity Simple (ROE_SIMPLE)	2.59%	6.73%	12.57%	11.52%	13.56%	10.16%	17.67%	21.84%	22.98%	26.38%
Net Operating Profit after Tax (NOPAT)	15	79	116	118	140	129	193	223	235	246
NOPAT Margin	1.01%	5.03%	7.41%	7.23%	8.33%	7.98%	8.99%	9.80%	9.85%	10.01%
Net Nonoperating Expense Percent (NNEP)	2.84%	5.34%	3.31%	3.93%	4.29%	10.41%	8.26%	6.44%	6.28%	6.56%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	14.41%	14.62%	15.80%
Cost of Revenue to Revenue	48.38%	49.18%	48.61%	48.44%	48.12%	48.53%	47.93%	53.81%	52.98%	51.66%
SG&A Expenses to Revenue	40.19%	38.17%	37.06%	37.45%	37.32%	37.87%	37.03%	30.96%	31.72%	32.62%
R&D to Revenue	3.06%	3.06%	3.03%	3.15%	3.07%	3.04%	2.58%	2.48%	2.72%	2.76%
Operating Expenses to Revenue	43.80%	41.75%	40.51%	41.01%	40.84%	42.45%	39.97%	33.79%	35.04%	35.96%
Earnings before Interest and Taxes (EBIT)	92	139	167	169	185	129	256	273	283	302
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	143	187	210	211	230	175	298	316	335	360
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	1.71	1.71	1.61	2.48	2.91	3.61	3.09	4.72	5.65
Price to Tangible Book Value (P/TBV)	0.00	18.92	10.26	6.94	10.18	9.69	10.25	15.40	40.16	196.63
Price to Revenue (P/Rev)	0.00	0.80	0.90	0.88	1.35	1.77	1.75	1.28	1.71	1.76
Price to Earnings (P/E)	0.00	54.37	14.20	14.38	18.81	29.80	21.04	14.55	20.55	20.17
Dividend Yield	0.00%	0.00%	3.19%	2.71%	1.85%	1.61%	1.29%	1.74%	1.25%	1.21%
Earnings Yield	0.00%	1.84%	7.04%	6.95%	5.32%	3.36%	4.75%	6.87%	4.87%	4.96%
Enterprise Value to Invested Capital (EV/IC)	0.00	1.48	1.46	1.42	2.03	2.56	3.44	2.31	3.08	3.36
Enterprise Value to Revenue (EV/Rev)	0.00	1.03	1.19	1.11	1.59	1.91	1.79	1.52	2.00	2.06
Enterprise Value to EBITDA (EV/EBITDA)	0.00	8.67	8.83	8.65	11.66	17.55	12.86	10.91	14.21	14.07
Enterprise Value to EBIT (EV/EBIT)	0.00	11.67	11.06	10.80	14.49	23.91	15.02	12.66	16.83	16.75
Enterprise Value to NOPAT (EV/NOPAT)	0.00	20.54	16.02	15.41	19.13	23.91	19.86	15.51	20.30	20.59
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	15.58	0.00	11.12	19.94	11.64	12.21	0.00	12.81	20.66
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	19.95	0.00	16.71	26.86	12.38	13.89	0.00	26.72	17.68
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	2.58	0.53	0.54	0.41	0.42	0.33	0.29	0.58	0.77	0.96
Long-Term Debt to Equity	1.22	0.45	0.49	0.37	0.35	0.31	0.27	0.54	0.74	0.94
Financial Leverage	2.39	1.01	0.46	0.43	0.38	0.28	0.10	0.26	0.60	0.79
Leverage Ratio	5.42	3.20	2.14	1.92	1.87	1.87	1.84	2.03	2.32	2.56
Compound Leverage Factor	1.88	2.05	1.94	1.71	1.67	1.64	1.79	1.93	1.98	2.11
Debt to Total Capital	72.04%	34.76%	35.21%	29.26%	29.71%	24.71%	22.52%	36.61%	43.44%	48.94%
Short-Term Debt to Total Capital	38.05%	5.20%	3.57%	2.79%	5.29%	1.50%	1.26%	2.60%	1.82%	0.70%
Long-Term Debt to Total Capital	33.99%	29.56%	31.64%	26.48%	24.42%	23.21%	21.26%	34.01%	41.62%	48.24%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	14.15%	2.80%	2.48%	2.45%	2.45%	2.47%	2.91%	2.86%	3.01%	2.04%
Common Equity to Total Capital	13.81%	62.45%	62.31%	68.29%	67.83%	72.81%	74.57%	60.54%	53.54%	49.02%
Debt to EBITDA	5.83	2.19	2.21	1.82	1.75	1.90	1.06	1.79	2.09	2.12
Net Debt to EBITDA	5.42	1.76	1.99	1.67	1.60	1.04	0.11	1.61	1.90	1.98
Long-Term Debt to EBITDA	2.75	1.86	1.99	1.65	1.44	1.79	1.00	1.67	2.00	2.09
Debt to NOPAT	55.01	5.18	4.02	3.25	2.87	2.60	1.63	2.55	2.99	3.11
Net Debt to NOPAT	51.12	4.18	3.60	2.98	2.63	1.42	0.17	2.29	2.71	2.89
Long-Term Debt to NOPAT	25.95	4.40	3.61	2.94	2.36	2.44	1.54	2.37	2.86	3.06
Altman Z-Score	0.00	2.05	2.44	2.74	3.21	3.55	4.46	3.46	3.82	3.85
Noncontrolling Interest Sharing Ratio	50.62%	18.04%	4.04%	3.64%	3.48%	3.38%	3.53%	4.11%	4.90%	4.71%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.89	1.44	2.24	2.25	2.07	2.24	2.01	1.93	2.21	2.06
Quick Ratio	0.33	0.38	0.62	0.63	0.60	0.56	0.36	0.40	0.45	0.46
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-1,086	81	-55	109	100	249	276	-153	178	287
Operating Cash Flow to CapEx	395.80%	543.78%	-143.47%	499.17%	407.46%	1,071.63%	835.50%	-110.47%	493.37%	328.46%
Free Cash Flow to Firm to Interest Expense	-18.02	1.63	-3.53	5.92	5.08	15.91	35.82	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	1.52	2.09	-1.72	8.90	6.85	16.92	40.75	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	1.14	1.71	-2.92	7.12	5.17	15.34	35.87	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.85	0.90	0.90	0.95	0.96	0.88	1.11	1.08	1.09	1.12
Accounts Receivable Turnover	7.81	8.50	8.47	8.67	8.37	7.73	11.43	11.61	11.40	11.71
Inventory Turnover	2.23	2.38	2.21	2.18	2.13	2.07	2.67	2.25	1.96	2.13
Fixed Asset Turnover	5.90	6.36	6.66	7.14	7.31	7.10	9.45	9.34	8.66	7.91
Accounts Payable Turnover	7.10	8.14	8.41	8.85	8.59	7.27	7.45	7.39	7.95	8.44
Days Sales Outstanding (DSO)	46.72	42.93	43.09	42.11	43.58	47.20	31.94	31.44	32.03	31.17
Days Inventory Outstanding (DIO)	163.83	153.32	165.38	167.23	171.32	176.37	136.68	162.53	186.59	171.31
Days Payable Outstanding (DPO)	51.42	44.85	43.40	41.23	42.49	50.20	49.01	49.39	45.92	43.25
Cash Conversion Cycle (CCC)	159.12	151.40	165.06	168.11	172.42	173.37	119.61	144.59	172.70	159.23
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,102	1,099	1,270	1,279	1,320	1,200	1,117	1,492	1,549	1,508
Invested Capital Turnover	2.73	1.43	1.32	1.28	1.29	1.28	1.85	1.74	1.57	1.61
Increase / (Decrease) in Invested Capital	1,102	-2.35	171	9.16	40	-120	-83	375	56	-41
Enterprise Value (EV)	0.00	1,624	1,851	1,821	2,678	3,077	3,837	3,453	4,762	5,065
Market Capitalization	0.00	1,261	1,402	1,437	2,277	2,861	3,763	2,900	4,078	4,322
Book Value per Share	$10.06	$9.93	$11.03	$11.97	$12.22	$13.21	$14.16	$13.38	$13.22	$12.59
Tangible Book Value per Share	($32.67)	$0.90	$1.84	$2.77	$2.97	$3.96	$4.99	$2.68	$1.55	$0.36
Total Capital	1,161	1,178	1,318	1,310	1,354	1,351	1,399	1,551	1,614	1,561
Total Debt	836	410	464	383	402	334	315	568	701	764
Total Long-Term Debt	395	348	417	347	331	314	297	528	672	753
Net Debt	777	330	416	352	368	182	33	509	636	711
Capital Expenditures (CapEx)	23	19	19	33	33	25	38	61	75	75
Debt-free, Cash-free Net Working Capital (DFCFNWC)	299	185	380	375	421	311	222	492	509	459
Debt-free Net Working Capital (DFNWC)	358	264	427	406	455	462	504	551	575	512
Net Working Capital (NWC)	-84	202	380	369	384	442	486	510	546	501
Net Nonoperating Expense (NNE)	11	30	12	15	15	29	8.91	17	36	44
Net Nonoperating Obligations (NNO)	777	330	416	352	368	182	33	509	636	711
Total Depreciation and Amortization (D&A)	51	48	42	42	45	47	43	44	52	58
Debt-free, Cash-free Net Working Capital to Revenue	19.86%	11.74%	24.33%	22.93%	25.05%	19.29%	10.34%	21.67%	21.39%	18.68%
Debt-free Net Working Capital to Revenue	23.80%	16.77%	27.39%	24.83%	27.08%	28.68%	23.45%	24.26%	24.14%	20.84%
Net Working Capital to Revenue	-5.59%	12.87%	24.37%	22.59%	22.82%	27.42%	22.63%	22.48%	22.90%	20.40%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.74	$1.24	$1.34	$0.00	$1.29	$2.40	$2.77	$2.96	$3.38
Adjusted Weighted Average Basic Shares Outstanding	0.00	31.25M	74.40M	74.77M	0.00	74.49M	74.54M	71.96M	67.06M	63.35M
Adjusted Diluted Earnings per Share	$0.00	$0.62	$1.23	$1.32	$0.00	$1.28	$2.38	$2.75	$2.94	$3.37
Adjusted Weighted Average Diluted Shares Outstanding	0.00	64.32M	74.59M	75.47M	0.00	75.06M	75.27M	72.56M	67.52M	63.65M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	74.45M	74.74M	75.03M	0.00	74.29M	72.38M	66.95M	63.49M	59.93M
Normalized Net Operating Profit after Tax (NOPAT)	83	80	116	118	140	140	193	223	235	246
Normalized NOPAT Margin	5.55%	5.09%	7.41%	7.23%	8.33%	8.71%	8.99%	9.80%	9.85%	10.01%
Pre Tax Income Margin	2.14%	5.67%	9.72%	9.20%	9.82%	7.01%	11.54%	11.43%	10.14%	10.16%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.53	2.79	10.66	9.17	9.42	8.23	33.15	0.00	0.00	0.00
NOPAT to Interest Expense	0.25	1.58	7.36	6.42	7.14	8.23	25.06	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	1.15	2.40	9.46	7.39	7.74	6.65	28.27	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	-0.13	1.20	6.16	4.64	5.46	6.65	20.18	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	431.83%	44.67%	39.29%	45.02%	37.61%	50.49%	27.51%	26.25%	26.42%	26.90%
Augmented Payout Ratio	431.83%	44.67%	39.29%	45.02%	61.17%	57.46%	63.06%	118.46%	194.64%	112.51%

This table displays calculated financial ratios and metrics derived from Acushnet's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	7.02%	6.38%	13.23%	4.67%	6.29%	-7.70%	3.10%	-0.80%	4.57%	7.80%
EBITDA Growth	37.75%	257.89%	19.56%	22.78%	6.27%	-158.72%	-1.30%	0.76%	5.97%	176.01%
EBIT Growth	42.89%	137.36%	19.41%	22.76%	5.47%	-391.67%	-2.57%	-0.55%	5.11%	76.58%
NOPAT Growth	41.03%	139.09%	21.86%	16.17%	11.97%	-388.15%	-7.04%	-2.22%	0.90%	78.91%
Net Income Growth	33.56%	106.74%	14.38%	8.98%	6.98%	-1,678.38%	-9.68%	-5.65%	-3.10%	69.13%
EPS Growth	38.46%	105.71%	23.64%	19.78%	18.06%	-1,900.00%	-0.74%	1.83%	4.71%	105.56%
Operating Cash Flow Growth	-75.25%	-125.70%	47.32%	180.69%	461.06%	956.46%	-26.73%	2.72%	-18.73%	-101.50%
Free Cash Flow Firm Growth	-215.93%	-646.11%	-9,833.12%	-180.08%	52.52%	80.08%	152.21%	190.37%	159.11%	150.13%
Invested Capital Growth	17.17%	33.62%	28.39%	20.44%	9.70%	3.77%	-3.32%	-6.02%	1.73%	-2.62%
Revenue Q/Q Growth	-15.24%	-19.86%	53.39%	0.45%	-13.92%	-30.41%	71.34%	-3.35%	-9.27%	-28.26%
EBITDA Q/Q Growth	-11.96%	-77.05%	599.77%	-13.18%	-23.80%	-112.69%	1,276.12%	-11.36%	-19.87%	-90.90%
EBIT Q/Q Growth	-14.75%	-88.32%	1,343.64%	-14.63%	-26.75%	-132.31%	582.22%	-12.86%	-22.58%	-107.20%
NOPAT Q/Q Growth	-18.18%	-89.77%	1,604.76%	-18.58%	-21.14%	-126.33%	649.96%	-14.36%	-18.62%	-105.50%
Net Income Q/Q Growth	-21.86%	-96.86%	5,492.53%	-20.57%	-23.29%	-146.32%	420.03%	-17.02%	-21.22%	-114.76%
EPS Q/Q Growth	-20.88%	-97.22%	6,700.00%	-19.85%	-22.02%	-142.35%	475.00%	-17.78%	-19.82%	-97.75%
Operating Cash Flow Q/Q Growth	-56.95%	-127.67%	-888.20%	338.42%	-13.94%	-57.76%	-246.22%	293.24%	-31.91%	-100.78%
Free Cash Flow Firm Q/Q Growth	-98.21%	-158.26%	19.67%	31.89%	66.40%	-8.34%	310.57%	17.90%	-78.03%	-8.10%
Invested Capital Q/Q Growth	-1.44%	8.42%	20.93%	-6.80%	-10.22%	2.56%	12.67%	-9.41%	-2.82%	-1.82%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	52.84%	20.81%	53.28%	53.46%	51.99%	18.72%	53.41%	54.36%	54.37%	22.61%
EBITDA Margin	15.28%	4.38%	19.97%	17.26%	15.28%	-2.78%	19.12%	17.53%	15.48%	1.96%
Operating Margin	13.62%	2.59%	18.20%	15.45%	13.25%	-5.98%	17.16%	15.50%	13.23%	-1.17%
EBIT Margin	13.19%	1.92%	18.10%	15.39%	13.09%	-6.08%	17.11%	15.42%	13.16%	-1.32%
Profit (Net Income) Margin	9.55%	0.37%	13.64%	10.79%	9.61%	-6.40%	11.95%	10.26%	8.91%	-1.83%
Tax Burden Percent	77.15%	51.68%	81.87%	78.18%	83.53%	73.08%	78.32%	76.79%	80.73%	44.94%
Interest Burden Percent	93.84%	37.64%	92.03%	89.68%	87.91%	144.04%	89.20%	86.63%	83.85%	308.74%
Effective Tax Rate	22.85%	48.32%	18.13%	21.82%	16.47%	0.00%	21.68%	23.21%	19.27%	0.00%
Return on Invested Capital (ROIC)	18.48%	2.33%	21.82%	18.69%	18.53%	-6.56%	18.19%	17.50%	17.00%	-1.32%
ROIC Less NNEP Spread (ROIC-NNEP)	15.20%	0.74%	20.20%	16.72%	16.53%	-8.15%	16.87%	15.76%	15.12%	-1.99%
Return on Net Nonoperating Assets (RNNOA)	2.21%	0.19%	10.03%	6.97%	7.04%	-4.92%	13.65%	10.31%	9.39%	-1.56%
Return on Equity (ROE)	20.69%	2.53%	31.86%	25.65%	25.56%	-11.48%	31.85%	27.81%	26.39%	-2.88%
Cash Return on Invested Capital (CROIC)	-0.85%	-11.72%	-9.85%	-2.14%	8.72%	11.72%	16.17%	20.02%	13.10%	18.75%
Operating Return on Assets (OROA)	14.17%	2.08%	18.75%	16.55%	14.67%	-6.60%	17.09%	16.06%	14.21%	-1.48%
Return on Assets (ROA)	10.26%	0.40%	14.13%	11.60%	10.78%	-6.94%	11.94%	10.68%	9.62%	-2.06%
Return on Common Equity (ROCE)	19.96%	2.42%	30.56%	24.65%	24.48%	-10.92%	30.37%	26.53%	25.17%	-2.75%
Return on Equity Simple (ROE_SIMPLE)	17.68%	0.00%	21.97%	21.92%	24.42%	0.00%	21.45%	21.46%	21.25%	0.00%
Net Operating Profit after Tax (NOPAT)	59	6.00	102	83	66	-17	95	81	66	-3.65
NOPAT Margin	10.50%	1.34%	14.90%	12.08%	11.06%	-4.19%	13.44%	11.90%	10.68%	-0.82%
Net Nonoperating Expense Percent (NNEP)	3.28%	1.60%	1.62%	1.97%	2.00%	1.60%	1.32%	1.74%	1.88%	0.67%
Return On Investment Capital (ROIC_SIMPLE)	-	0.39%	-	-	-	-1.08%	-	-	-	-0.23%
Cost of Revenue to Revenue	47.16%	79.19%	46.72%	46.54%	48.01%	81.28%	46.59%	45.64%	45.63%	77.39%
SG&A Expenses to Revenue	36.26%	14.66%	32.43%	35.11%	35.42%	19.60%	33.44%	35.98%	37.53%	19.33%
R&D to Revenue	2.62%	3.10%	2.12%	2.39%	2.74%	4.25%	2.33%	2.36%	3.05%	3.67%
Operating Expenses to Revenue	39.23%	18.21%	35.08%	38.01%	38.75%	24.70%	36.26%	38.86%	41.15%	23.78%
Earnings before Interest and Taxes (EBIT)	74	8.61	124	106	78	-25	121	105	82	-5.88
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	85	20	137	119	91	-12	135	120	96	8.74
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.99	3.09	3.39	3.57	3.75	4.72	4.72	4.64	4.56	5.65
Price to Tangible Book Value (P/TBV)	8.58	15.40	15.66	14.62	21.11	40.16	32.92	35.85	35.21	196.63
Price to Revenue (P/Rev)	1.34	1.28	1.43	1.53	1.44	1.71	1.74	1.67	1.63	1.76
Price to Earnings (P/E)	17.45	14.55	15.84	16.54	15.47	20.55	21.64	21.11	20.89	20.17
Dividend Yield	1.66%	1.74%	1.47%	1.39%	1.46%	1.25%	1.22%	1.29%	1.32%	1.21%
Earnings Yield	5.73%	6.87%	6.31%	6.05%	6.47%	4.87%	4.62%	4.74%	4.79%	4.96%
Enterprise Value to Invested Capital (EV/IC)	2.46	2.31	2.31	2.56	2.69	3.08	2.89	2.99	3.00	3.36
Enterprise Value to Revenue (EV/Rev)	1.51	1.52	1.77	1.81	1.68	2.00	2.10	1.97	1.90	2.06
Enterprise Value to EBITDA (EV/EBITDA)	11.89	10.91	12.30	11.91	11.10	14.21	15.10	14.12	13.58	14.07
Enterprise Value to EBIT (EV/EBIT)	14.03	12.66	14.23	13.75	12.84	16.83	18.00	16.91	16.29	16.75
Enterprise Value to NOPAT (EV/NOPAT)	17.73	15.51	17.30	17.03	15.66	20.30	22.17	20.96	20.44	20.59
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	423.42	30.17	14.10	12.81	14.44	13.32	14.36	20.66
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	32.28	26.72	17.55	14.46	23.11	17.68
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.41	0.58	0.80	0.64	0.61	0.77	0.93	0.83	0.81	0.96
Long-Term Debt to Equity	0.39	0.54	0.76	0.60	0.22	0.74	0.90	0.80	0.78	0.94
Financial Leverage	0.15	0.26	0.50	0.42	0.43	0.60	0.81	0.65	0.62	0.79
Leverage Ratio	1.88	2.03	2.12	2.04	2.13	2.32	2.45	2.34	2.39	2.56
Compound Leverage Factor	1.76	0.76	1.95	1.83	1.87	3.34	2.19	2.02	2.00	7.90
Debt to Total Capital	29.25%	36.61%	44.53%	39.07%	37.84%	43.44%	48.20%	45.28%	44.64%	48.94%
Short-Term Debt to Total Capital	1.85%	2.60%	2.39%	2.23%	24.20%	1.82%	1.74%	1.44%	1.34%	0.70%
Long-Term Debt to Total Capital	27.39%	34.01%	42.14%	36.84%	13.64%	41.62%	46.46%	43.84%	43.30%	48.24%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	2.73%	2.86%	2.45%	2.62%	2.91%	3.01%	2.53%	2.72%	2.52%	2.04%
Common Equity to Total Capital	68.02%	60.54%	53.02%	58.31%	59.26%	53.54%	49.27%	52.00%	52.83%	49.02%
Debt to EBITDA	1.53	1.79	2.45	1.89	1.62	2.09	2.59	2.25	2.15	2.12
Net Debt to EBITDA	1.15	1.61	2.28	1.72	1.46	1.90	2.45	2.01	1.86	1.98
Long-Term Debt to EBITDA	1.43	1.67	2.32	1.78	0.58	2.00	2.50	2.18	2.08	2.09
Debt to NOPAT	2.28	2.55	3.44	2.70	2.28	2.99	3.81	3.34	3.23	3.11
Net Debt to NOPAT	1.71	2.29	3.20	2.45	2.07	2.71	3.59	2.98	2.80	2.89
Long-Term Debt to NOPAT	2.13	2.37	3.26	2.55	0.82	2.86	3.67	3.23	3.14	3.06
Altman Z-Score	3.56	3.07	3.25	3.62	3.41	3.35	3.44	3.43	3.33	3.38
Noncontrolling Interest Sharing Ratio	3.52%	4.11%	4.07%	3.90%	4.25%	4.90%	4.64%	4.61%	4.62%	4.71%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.17	1.93	2.73	2.53	1.21	2.21	2.69	2.28	2.10	2.06
Quick Ratio	0.65	0.40	0.94	0.87	0.39	0.45	1.07	0.86	0.71	0.46
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-143	-369	-297	-202	-68	-74	155	183	40	37
Operating Cash Flow to CapEx	239.76%	-31.54%	-738.74%	1,326.69%	1,166.23%	227.43%	-1,505.37%	1,426.58%	706.01%	-3.49%
Free Cash Flow to Firm to Interest Expense	-31.55	0.00	-29.99	0.00	0.00	0.00	11.85	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	6.97	0.00	-8.73	0.00	0.00	0.00	-8.38	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	4.06	0.00	-9.91	0.00	0.00	0.00	-8.93	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.07	1.08	1.04	1.08	1.12	1.09	1.00	1.04	1.08	1.12
Accounts Receivable Turnover	7.19	11.61	5.79	6.10	7.32	11.40	5.34	5.95	6.90	11.71
Inventory Turnover	2.51	2.25	2.06	2.19	2.16	1.96	1.94	2.16	2.20	2.13
Fixed Asset Turnover	9.88	9.34	9.59	9.58	9.45	8.66	8.68	8.46	8.27	7.91
Accounts Payable Turnover	6.85	7.39	6.43	7.02	7.31	7.95	7.29	7.84	7.44	8.44
Days Sales Outstanding (DSO)	50.79	31.44	63.09	59.87	49.84	32.03	68.37	61.38	52.93	31.17
Days Inventory Outstanding (DIO)	145.24	162.53	176.85	166.53	169.07	186.59	188.60	168.80	166.03	171.31
Days Payable Outstanding (DPO)	53.32	49.39	56.73	51.97	49.95	45.92	50.09	46.56	49.04	43.25
Cash Conversion Cycle (CCC)	142.71	144.59	183.22	174.42	168.96	172.70	206.88	183.62	169.93	159.23
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,376	1,492	1,805	1,682	1,510	1,549	1,745	1,581	1,536	1,508
Invested Capital Turnover	1.76	1.74	1.46	1.55	1.67	1.57	1.35	1.47	1.59	1.61
Increase / (Decrease) in Invested Capital	202	375	399	285	134	56	-60	-101	26	-41
Enterprise Value (EV)	3,383	3,453	4,168	4,299	4,064	4,762	5,035	4,721	4,613	5,065
Market Capitalization	3,017	2,900	3,350	3,634	3,483	4,078	4,174	4,004	3,941	4,322
Book Value per Share	$14.19	$13.38	$14.75	$15.10	$13.95	$13.22	$13.92	$13.69	$13.98	$12.59
Tangible Book Value per Share	$4.94	$2.68	$3.20	$3.69	$2.48	$1.55	$2.00	$1.77	$1.81	$0.36
Total Capital	1,485	1,551	1,862	1,744	1,567	1,614	1,794	1,661	1,635	1,561
Total Debt	434	568	829	682	593	701	864	752	730	764
Total Long-Term Debt	407	528	785	643	214	672	833	728	708	753
Net Debt	326	509	772	619	536	636	816	672	631	711
Capital Expenditures (CapEx)	13	28	12	16	15	33	7.28	15	20	32
Debt-free, Cash-free Net Working Capital (DFCFNWC)	503	492	789	672	500	509	721	558	493	459
Debt-free Net Working Capital (DFNWC)	612	551	846	734	557	575	770	638	592	512
Net Working Capital (NWC)	584	510	802	696	177	546	738	614	570	501
Net Nonoperating Expense (NNE)	5.31	4.32	8.65	8.90	8.61	9.14	11	11	11	4.51
Net Nonoperating Obligations (NNO)	326	509	772	619	536	636	816	672	631	711
Total Depreciation and Amortization (D&A)	12	11	13	13	13	14	14	14	14	15
Debt-free, Cash-free Net Working Capital to Revenue	22.43%	21.67%	33.57%	28.21%	20.68%	21.39%	29.99%	23.27%	20.32%	18.68%
Debt-free Net Working Capital to Revenue	27.27%	24.26%	36.01%	30.84%	23.03%	24.14%	32.02%	26.62%	24.40%	20.84%
Net Working Capital to Revenue	26.04%	22.48%	34.12%	29.21%	7.34%	22.90%	30.72%	25.62%	23.50%	20.40%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.72	$0.04	$1.37	$1.09	$0.86	($0.36)	$1.36	$1.12	$0.89	$0.01
Adjusted Weighted Average Basic Shares Outstanding	71.71M	71.96M	68.21M	68.34M	66.90M	67.06M	64.62M	63.94M	62.89M	63.35M
Adjusted Diluted Earnings per Share	$0.72	$0.02	$1.36	$1.09	$0.85	($0.36)	$1.35	$1.11	$0.89	$0.02
Adjusted Weighted Average Diluted Shares Outstanding	72.33M	72.56M	68.65M	68.65M	67.34M	67.52M	64.89M	64.16M	63.17M	63.65M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	70.21M	66.95M	67.36M	66.54M	65.38M	63.49M	63.07M	61.81M	60.80M	59.93M
Normalized Net Operating Profit after Tax (NOPAT)	59	6.00	102	83	66	-17	95	81	66	-3.65
Normalized NOPAT Margin	10.50%	1.34%	14.90%	12.08%	11.06%	-4.19%	13.44%	11.90%	10.68%	-0.82%
Pre Tax Income Margin	12.38%	0.72%	16.66%	13.80%	11.51%	-8.76%	15.26%	13.36%	11.04%	-4.08%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	16.25	0.00	12.55	0.00	0.00	0.00	9.26	0.00	0.00	0.00
NOPAT to Interest Expense	12.93	0.00	10.33	0.00	0.00	0.00	7.27	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	13.34	0.00	11.37	0.00	0.00	0.00	8.70	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	10.03	0.00	9.15	0.00	0.00	0.00	6.71	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	29.98%	26.25%	24.93%	23.65%	23.23%	26.42%	27.86%	28.67%	29.23%	26.90%
Augmented Payout Ratio	127.14%	118.46%	138.43%	127.05%	135.98%	194.64%	160.43%	173.44%	177.28%	112.51%

Frequently Asked Questions About Acushnet's Financials

When does Acushnet's financial year end?

According to the most recent income statement we have on file, Acushnet's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Acushnet's net income changed over the last 9 years?

Acushnet's net income appears to be on an upward trend, with a most recent value of $201.84 million in 2024, rising from $4.16 million in 2015. The previous period was $198.61 million in 2023. Check out Acushnet's forecast to explore projected trends and price targets.

What is Acushnet's operating income?

Acushnet's total operating income in 2024 was $304.26 million, based on the following breakdown:

Total Gross Profit: $1.19 billion
Total Operating Expenses: $883.47 million

How has Acushnet revenue changed over the last 9 years?

Over the last 9 years, Acushnet's total revenue changed from $1.50 billion in 2015 to $2.46 billion in 2024, a change of 63.5%.

How much debt does Acushnet have?

Acushnet's total liabilities were at $1.38 billion at the end of 2024, a 7.7% increase from 2023, and a 3.6% decrease since 2015.

How has Acushnet's book value per share changed over the last 9 years?

Over the last 9 years, Acushnet's book value per share changed from 10.06 in 2015 to 12.59 in 2024, a change of 25.1%.

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This page (NYSE:GOLF) was last updated on 5/5/2025 by MarketBeat.com Staff

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Acushnet (GOLF) Financials

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Acushnet (GOLF) Financials

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