Topgolf Callaway Brands (Topgolf Callaway Brands) ROCE % : -1.36% (As of Dec. 2023)

View and export this data going back to 1992. Start your Free Trial

What is Topgolf Callaway Brands ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Topgolf Callaway Brands's annualized ROCE % for the quarter that ended in Dec. 2023 was -1.36%.

Topgolf Callaway Brands ROCE % Historical Data

The historical data trend for Topgolf Callaway Brands's ROCE % 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.

Topgolf Callaway Brands ROCE % Chart

Topgolf Callaway Brands Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

Get a 7-Day Free Trial

12.28

-5.33

11.01

3.98

3.14

Topgolf Callaway Brands Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															-1.85	3.69	6.20	3.92	-1.36

Topgolf Callaway Brands ROCE % Calculation

Topgolf Callaway Brands's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	245	/	( ( (8590.4 - 1176.2)	+	(9120.6 - 947.6) )	/ 2 )
	=	245	/	( (7414.2	+	8173)	/ 2 )
	=	245	/	7793.6
	=	3.14 %

Topgolf Callaway Brands's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	-110.8	/	( ( (8982 - 909.2)	+	(9120.6 - 947.6) )	/ 2 )
	=	-110.8	/	( ( 8072.8	+	8173 )	/ 2 )
	=	-110.8	/	8122.9
	=	-1.36 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Topgolf Callaway Brands (NYSE:MODG) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Topgolf Callaway Brands ROCE % Related Terms

Thank you for viewing the detailed overview of Topgolf Callaway Brands's ROCE % provided by GuruFocus.com. Please click on the following links to see related term pages.

Topgolf Callaway Brands (Topgolf Callaway Brands) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Topgolf Callaway Brands Corp (NYSE:MODG) » Definitions » ROCE %

Comparable Companies

Traded in Other Exchanges

CLY:Germany CLY:Germany

Address

2180 Rutherford Road, Carlsbad, CA, USA, 92008

Website

https://www.callawaygolf.com

Topgolf Callaway Brands Corp is a modern golf and active lifestyle company that provides world-class golf entertainment experiences, designs and manufactures premium golf equipment, and sells golf and active lifestyle apparel and other accessories. It operates in the below segments: Topgolf; Golf Equipment and Active Lifestyle. Some of its brands are Odyssey, OGIO, TravisMathew, and Jack Wolfskin. Its geographical segments are the United States, Europe, Japan, and the Rest of the World. Majority of the revenue is earned from United States.

Executives

Laura Jean Flanagan	director	395 OYSTER POINT BLVD, SUITE 415, SOUTH SAN FRANCISCO CA 94080
Brewer Oliver G Iii	officer: President and CEO	2180 RUTHERFORD ROAD, CARLSBAD CA 92008
Jennifer L. Thomas	officer: Chief Accounting Officer	2180 RUTHERFORD ROAD, CARLSBAD CA 92008
Erik J Anderson	director	1411 E MISSION AVE, SPOKANE WA 99202
Adebayo O. Ogunlesi	director	2180 RUTHERFORD ROAD, CARLSBAD CA 92130
C. Matthew Turney	director	2180 RUTHERFORD ROAD, CARLSBAD CA 92008
Rebecca Fine	officer: EVP, Chief People Officer	2180 RUTHERFORD ROAD, CARLSBAD CA 92008
Brian P. Lynch	officer: SVP, G.C. & Corp Secretary	2180 RUTHERFORD ROAD, CARLSBAD CA 92008
Samuel H Armacost	director	2180 RUTHERFORD ROAD, CARLSBAD CA 92008
Varsha Rajendra Rao	director	6155 EL CAMINO REAL, CARLSBAD CA 92009
Bavan Holloway	director	8501 NORTH SCOTTSDALE ROAD, SUITE 100, SCOTTSDALE AZ 85253
Pep Tg Investments Lp	10 percent owner	C/O PROVIDENCE EQUITY PARTNERS L.L.C., 50 KENNEDY PLAZA, 18TH FLOOR, PROVIDENCE RI 02903
Glenn F. Hickey	officer: EVP, Callaway Golf	2180 RUTHERFORD ROAD, CARLSBAD CA 92008
Artie Starrs	officer: CEO, Topgolf	2180 RUTHERFORD ROAD, CARLSBAD CA 92008
Westriver Management, Llc	10 percent owner	920 5TH AVENUE, SUITE 3450, SEATTLE WA 98104