Acushnet Holdings (Acushnet Holdings) EBIT : $281 Mil (TTM As of Mar. 2024)

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What is Acushnet Holdings EBIT?

Acushnet Holdings's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2024 was $121 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2024 was $281 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Acushnet Holdings's annualized ROC % for the quarter that ended in Mar. 2024 was 20.06%. Acushnet Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 53.24%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Acushnet Holdings's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2024 was 5.74%.

Acushnet Holdings EBIT Historical Data

The historical data trend for Acushnet Holdings's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Acushnet Holdings EBIT Chart

Acushnet Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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184.64

125.85

254.55

273.45

285.23

Acushnet Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
EBIT	Get a 7-Day Free Trial															124.24	106.06	78.61	-24.77	121.04

Competitive Comparison of Acushnet Holdings's EBIT

For the Leisure subindustry, Acushnet Holdings's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Acushnet Holdings's EV-to-EBIT Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Acushnet Holdings's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Acushnet Holdings's EV-to-EBIT falls into.

Acushnet Holdings EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $281 Mil.

Acushnet Holdings (NYSE:GOLF) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Acushnet Holdings's annualized ROC % for the quarter that ended in Mar. 2024 is calculated as:

	ROC % (Q: Mar. 2024 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2023 )	+	Invested Capital (Q: Mar. 2024 ))	/ count )
=	485.524 * ( 1 - 21.68% )	/	( (1820.591	+	1970.842)	/ 2 )
=	380.2623968	/	1895.7165
=	20.06 %

where

	Invested Capital		(Q: Dec. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	2196.677	-	310.651	-	( 65.435	-	max(0, 451.135	-	996.692	+	65.435	))
=	1820.591

	Invested Capital		(Q: Mar. 2024 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	2356.959	-	337.395	-	( 48.722	-	max(0, 436.077	-	1174.448	+	48.722	))
=	1970.842

Note: The Operating Income data used here is four times the quarterly (Mar. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

Acushnet Holdings's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2024 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2024 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2023		Q: Mar. 2024
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	484.168	/	( ( (295.343 + max(509.47, 0))	+	(293.387 + max(720.78, 0)) )	/	2 )
=	484.168	/	( ( 804.813	+	1014.167 )	/	2 )
=	484.168	/	909.49
=	53.24 %

where Working Capital is:

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(201.352	+	615.535	+	114.37)	-	(310.651	+	0	+	111.136)
=	509.47

	Working Capital		(Q: Mar. 2024 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(464.954	+	537.412	+	123.36)	-	(337.395	+	0	+	67.551)
=	720.78

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Acushnet Holdings's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2024 )
	=	280.94	/	4897.606
	=	5.74 %

Acushnet Holdings EBIT Related Terms

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Acushnet Holdings (Acushnet Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Acushnet Holdings Corp (NYSE:GOLF) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

163:Germany

Address

333 Bridge Street, Fairhaven, MA, USA, 02719

Website

https://www.acushnetholdingscorp.com

Acushnet Holdings Corp is engaged in the design, development, manufacture, and distribution of golf products. Its product category includes golf balls, golf shoes, golf clubs, wedges, putters, golf gloves, golf gear and golf wear, of which key revenue is derived from the sales of golf balls and golf gloves. The operating segments of the company are Titleist golf balls, Titleist golf clubs, Titleist golf gear and FootJoy golf wear. The company operates in the United States, EMEA, Japan, Korea and other countries, of which a majority of the revenue is generated from the operations in the United States.

Executives

Christopher Aaron Lindner	officer: President, FootJoy	C/O ACUSHNET HOLDINGS CORP., 333 BRIDGE STREET, FAIRHAVEN MA 02719
Steven Francis Pelisek	officer: See Remarks	C/O ACUSHNET HOLDINGS CORP., 333 BRIDGE STREET, FAIRHAVEN MA 02719
Fila Korea Co., Ltd.	director, 10 percent owner	1077 CHEONHO-DAERO, GANGDONG-GU, 15F,16F,17F,18F, SEOUL M5 05340
Brendan J. Reidy	officer: See Remarks	C/O ACUSHNET HOLDINGS CORP., 333 BRIDGE STREET, FAIRHAVEN MA 02719
David Eugene Maher	officer: Chief Operating Officer	C/O ACUSHNET HOLDINGS CORP., 333 BRIDGE STREET, FAIRHAVEN MA 02719
Sean S Sullivan	director	11 PENN PLAZA, NEW YORK NY 10001
Nicholas N Mohamed	officer: Principal Accounting Officer	C/O ACUSHNET HOLDINGS CORP., 333 BRIDGE STREET, FAIRHAVEN MA 02719
Leanne D Cunningham	director	850 DIXIE HIGHWAY, LOUISVILLE KY 40210
Mary Louise Bohn	officer: See Remarks	C/O ACUSHNET HOLDINGS CORP., 333 BRIDGE STREET, FAIRHAVEN MA 02719
Thomas Pacheco	officer: Principal Accounting Officer	C/O ACUSHNET HOLDINGS CORP., 333 BRIDGE STREET, FAIRHAVEN MA 02719
Roger Czuchra	officer: See Remarks	C/O ACUSHNET HOLDINGS CORP., 333 BRIDGE STREET, FAIRHAVEN MA 02719
Lee Ho Yeon (aaron)	director, 10 percent owner	FILA HOLDINGS CORP-EAST CENTRAL TOWER18F, 1077 CHEONHO-DAERO, GANGDON-GU, SEOUL M5 05340
Jan Singer	director	2 PARK AVENUE, 12TH FLOOR, NEW YORK NY 10016
Roland A Giroux	officer: See Remarks	C/O ACUSHNET HOLDINGS CORP., 333 BRIDGE STREET, FAIRHAVEN MA 02719
Duke John Francis Jr	officer: See Remarks	C/O ACUSHNET HOLDINGS CORP., 333 BRIDGE STREET, FAIRHAVEN MA 02719