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MODG (Topgolf Callaway Brands) Days Payable : 28.98 (As of Sep. 2024)


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What is Topgolf Callaway Brands Days Payable?

Topgolf Callaway Brands's average Accounts Payable for the three months ended in Sep. 2024 was $120 Mil. Topgolf Callaway Brands's Cost of Goods Sold for the three months ended in Sep. 2024 was $377 Mil. Hence, Topgolf Callaway Brands's Days Payable for the three months ended in Sep. 2024 was 28.98.

The historical rank and industry rank for Topgolf Callaway Brands's Days Payable or its related term are showing as below:

MODG' s Days Payable Range Over the Past 10 Years
Min: 21.55   Med: 33.37   Max: 41.05
Current: 28.02

During the past 13 years, Topgolf Callaway Brands's highest Days Payable was 41.05. The lowest was 21.55. And the median was 33.37.

MODG's Days Payable is ranked worse than
74.97% of 755 companies
in the Travel & Leisure industry
Industry Median: 57.91 vs MODG: 28.02

Topgolf Callaway Brands's Days Payable increased from Sep. 2023 (27.73) to Sep. 2024 (28.98). It may suggest that Topgolf Callaway Brands delayed paying its suppliers.


Topgolf Callaway Brands Days Payable Historical Data

The historical data trend for Topgolf Callaway Brands's Days Payable 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 Days Payable Chart

Topgolf Callaway Brands Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 21.55 26.27 29.45 34.30 32.43

Topgolf Callaway Brands Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 27.73 33.10 26.49 26.73 28.98

Competitive Comparison of Topgolf Callaway Brands's Days Payable

For the Leisure subindustry, Topgolf Callaway Brands's Days Payable, along with its competitors' market caps and Days Payable 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.


Topgolf Callaway Brands's Days Payable Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Topgolf Callaway Brands's Days Payable distribution charts can be found below:

* The bar in red indicates where Topgolf Callaway Brands's Days Payable falls into.



Topgolf Callaway Brands Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Topgolf Callaway Brands's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

Days Payable (A: Dec. 2023 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2022 ) + Accounts Payable (A: Dec. 2023 )) / count ) / Cost of Goods Sold (A: Dec. 2023 )*Days in Period
=( (159.1 + 130.7) / 2 ) / 1630.7*365
=144.9 / 1630.7*365
=32.43

Topgolf Callaway Brands's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

Days Payable (Q: Sep. 2024 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Jun. 2024 ) + Accounts Payable (Q: Sep. 2024 )) / count ) / Cost of Goods Sold (Q: Sep. 2024 )*Days in Period
=( (116.4 + 123.1) / 2 ) / 377.1*365 / 4
=119.75 / 377.1*365 / 4
=28.98

* 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.


Topgolf Callaway Brands Days Payable Related Terms

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Topgolf Callaway Brands Business Description

Traded in Other Exchanges
Address
2180 Rutherford Road, Carlsbad, CA, USA, 92008
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 through brands such as, Topgolf, Callaway Golf, Odyssey, TravisMathew, Jack Wolfskin, OGIO and Toptracer. The company's reportable segments are; Topgolf, Golf Equipment and Active Lifestyle. Majority of the revenue is generated from its Topgolf segment which is predominantly comprised of service revenues and expenses from the company operated Topgolf venues, Toptracer ball-flight tracking technology, and WGT digital golf game. Geographically, majority of the revenue for the company is derived from United States.
Executives
Erik J Anderson director 1411 E MISSION AVE, SPOKANE WA 99202
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
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