Acushnet Holdings Corp
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Penke I guess you are interested in Acushnet Holdings Corp. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Acushnet Holdings Corp. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Acushnet Holdings Corp (30 sec.)

What can you expect buying and holding a share of Acushnet Holdings Corp? (30 sec.)

How much money do you get?

$0.78

When do you have the money?

1 year

How often do you get paid?

86.5%

What is your share worth?

Current worth

$14.08

Expected worth in 1 year

$14.06

How sure are you?

70.3%

+ What do you gain per year?

Total Gains per Share

$0.76

Return On Investment

1.2%

For what price can you sell your share?

Current Price per Share

$63.16

Expected price per share

$58.23 - $69.23

How sure are you?

50%

1. Valuation of Acushnet Holdings Corp (5 min.)

Live pricePrice per Share (EOD)

$63.16

Book Value per Share

$14.08

Intrinsic Value Per Share

$-11.81 - $-14.96

Total Value Per Share

$2.27 - $-0.88

My calculation of the intrinsic value of Acushnet Holdings Corp is based how much money is coming from the company's main activities (Free Cash Flow).

The following numbers are based on moving averages and per share and per quarter.
I use a 6% discount rate for the low estimation and 3% for the high estimation.
The current Free Cash Flow Per Share is 3Y: ($0.42) TTM: ($1.01)
The change per quarter (trend) of the Free Cash Flow Per Share is 3Y: ($-0.04) TTM: ($0.53)

Years	Total Low est.	Total High est.	Added Free Cash Flow
1	$1.19	$1.21	$0.97 - $0.97
2	$1.69	$1.73	$0.28 - $0.28
3	$1.55	$1.58	$-0.42 - $-0.42
4	$0.86	$0.81	$-1.12 - $-1.12
5	$-0.33	$-0.55	$-1.82 - $-1.82
6	$-1.95	$-2.45	$-2.52 - $-2.52
7	$-3.96	$-4.88	$-3.21 - $-3.21
8	$-6.30	$-7.79	$-3.91 - $-3.91
9	$-8.93	$-11.16	$-4.61 - $-4.61
10	$-11.81	$-14.96	$-5.31 - $-5.31

2. Growth of Acushnet Holdings Corp (5 min.)

Is Acushnet Holdings Corp growing?

	Current year	Previous year	Grow	Grow %
How rich?	$912.8m	$1b	-$68.3m	-6.9%

How much money is Acushnet Holdings Corp making?

	Current year	Previous year	Grow	Grow %
Making money	$49.6m	$50.2m	-$645.2k	-1.3%
Net Profit Margin	6.9%	8.3%	-	-

How much money comes from the company's main activities?

Quarterly Yearly

3. Financial Health of Acushnet Holdings Corp (5 min.)

4. Comparing to competitors in the Leisure industry (5 min.)

Industry Rankings (Leisure)

Richest
#24 / 166

Most Revenue
#25 / 166

Most Profit
#16 / 166

Most Efficient
#52 / 166

What can you expect buying and holding a share of Acushnet Holdings Corp? (5 min.)

Welcome investor! Acushnet Holdings Corp's management wants to use your money to grow the business. In return you get a share of Acushnet Holdings Corp.

What can you expect buying and holding a share of Acushnet Holdings Corp?

First you should know what it really means to hold a share of Acushnet Holdings Corp. And how you can make/lose money.

Speculation

The Price per Share of Acushnet Holdings Corp is $63.16. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

The fundamentals: the financial health trends of Acushnet Holdings Corp.
The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Acushnet Holdings Corp, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is $14.08. Based on the TTM, the Book Value Change Per Share is $0.00 per quarter. Based on the YOY, the Book Value Change Per Share is $-0.13 per quarter.
You may receive quarterly/yearly dividend in the form of additional shares.
You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is $0.19 per quarter.

Based on historical numbers we can estimate the returns while holding a share of Acushnet Holdings Corp.

How much money are you going to get?

	MRQ		TTM		YOY		5Y		10Y
	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share	$	% of Price per Share
Usd Eps	-0.41	-0.7%	0.72	1.1%	0.68	1.1%	0.54	0.9%	0.39	0.6%
Usd Book Value Change Per Share	-0.38	-0.6%	0.00	0.0%	-0.13	-0.2%	0.08	0.1%	0.38	0.6%
Usd Dividend Per Share	0.19	0.3%	0.19	0.3%	0.18	0.3%	0.17	0.3%	0.14	0.2%
Usd Total Gains Per Share	-0.19	-0.3%	0.19	0.3%	0.05	0.1%	0.25	0.4%	0.52	0.8%
Usd Price Per Share	63.17	-	55.46	-	41.97	-	41.16	-	27.43	-
Price to Earnings Ratio	-38.20	-	-0.17	-	-3,182.62	-	-613.38	-	-325.21	-
Price-to-Total Gains Ratio	-328.33	-	-65.24	-	-12.51	-	-25.98	-	7.81	-
Price to Book Ratio	4.49	-	3.77	-	2.86	-	2.91	-	2.02	-
Price-to-Total Gains Ratio	-328.33	-	-65.24	-	-12.51	-	-25.98	-	7.81	-

When do you get the money?

Usd Investment	$.00
Usd Price Per Share	63.16
Number of shares	15

Gains per Quarter	Trailing 12 Months	5 Year
Usd Dividend Per Share	0.19	0.17
Usd Book Value Change Per Share	0.00	0.08
Usd Total Gains Per Share	0.19	0.25
Gains per Quarter (15 shares)	2.85	3.77
Gains per Year (15 shares)	11.39	15.07

Years	Return on Investment (TTM)			Return on Investment (5Y)
	Dividend	Book Value gain	Total gains	Dividend	Book Value gain	Total gains
Broker costs	-	-	-10	-	-	-10
1	12	-0	1	10	5	5
2	23	-1	12	20	10	20
3	35	-1	23	30	15	35
4	47	-1	34	40	20	50
5	58	-1	45	50	25	65
6	70	-2	56	60	30	80
7	82	-2	67	70	35	95
8	93	-2	78	80	40	110
9	105	-3	89	90	45	125
10	117	-3	100	100	50	140

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %

	Trailing 12 Months				3Y				5 Year				10 Year				ALLTIME
				%				%				%				%				%
Earnings Per Share	3.0	1.0	0.0	75.0%	9.0	3.0	0.0	75.0%	17.0	3.0	0.0	85.0%	31.0	6.0	0.0	83.8%	31.0	6.0	0.0	83.8%
Book Value Change Per Share	2.0	2.0	0.0	50.0%	7.0	5.0	0.0	58.3%	13.0	7.0	0.0	65.0%	25.0	10.0	2.0	67.6%	25.0	10.0	2.0	67.6%
Dividend per Share	4.0	0.0	0.0	100.0%	12.0	0.0	0.0	100.0%	20.0	0.0	0.0	100.0%	32.0	0.0	5.0	86.5%	32.0	0.0	5.0	86.5%
Total Gains per Share	2.0	2.0	0.0	50.0%	7.0	5.0	0.0	58.3%	13.0	7.0	0.0	65.0%	26.0	9.0	2.0	70.3%	26.0	9.0	2.0	70.3%

Fundamentals of Acushnet Holdings Corp

About Acushnet Holdings Corp

https://www.acushnetholdingscorp.com
Leisure
7300
333 Bridge Street, Fairhaven, MA, United States, 02719
Google Maps Bing Maps

Acushnet Holdings Corp. designs, develops, manufactures, and distributes golf products in the United States, Europe, the Middle East, Africa, Japan, Korea, and internationally. The company operates through four segments: Titleist Golf Balls, Titleist Golf Clubs, Titleist Golf Gear, and FootJoy Golf Wear. It offers golf balls under the Titleist brand; golf clubs, such as drivers, fairways, hybrids, and irons under the Titleist brand; wedges under the Vokey Design brand; and putters under the Scotty Cameron brand. The company also provides golf bags, headwear, golf gloves, travel products, and other golf accessories. In addition, it offers golf shoes, gloves, golf outerwear, and men's and women's golf apparel under the FootJoy brand; and ski, golf, and lifestyle apparel under the KJUS brand name. It sells its products through on-course golf shops and golf specialty retailers, as well as through representatives, other retailers, and online. The company was formerly known as Alexandria Holdings Corp. and changed its name to Acushnet Holdings Corp. in March 2016. Acushnet Holdings Corp. was founded in 1910 and is headquartered in Fairhaven, Massachusetts.

Fundamental data was last updated by Penke on 2024-04-04 14:51:03.

Financial Health

Profitability Details

	Compared to previous year	Compared to industry
The company is making a profit.
Using its assets, the company is less efficient in making profit.
Using its investors money, the company is inefficient in making profit.

Operating Efficiency Details

	Compared to previous year	Compared to industry
The company is operating less efficient.
The company is less efficient in keeping operating costs low.

Liquidity Details

	Compared to previous year	Compared to industry
The company is able to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.

Solvency Details

	Compared to previous year	Compared to industry
The company is able to pay all its debts by selling its assets.
The company is able to pay all its debts with equity.

Valuation

Valuation Details

	Compared to previous year	Compared to industry
Based on the equity, the company is fair priced.
Based on the earnings, the company is expensive.
Based on how much money comes from the company's main activities, the company is cheap.

1.1. Profitability of Acushnet Holdings Corp.

1.1. Profitability

1.1.1. Net Profit Margin

Measures how much net profit Acushnet Holdings Corp earns for each $1 of revenue.

Above 10% is considered healthy but always compare Acushnet Holdings Corp to the Leisure industry mean.
A Net Profit Margin of -6.5% means that $-0.06 for each $1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Acushnet Holdings Corp:

The MRQ is -6.5%. The company is making a loss. -1
The TTM is 6.9%. The company is making a profit. +1

Trends

Current period		Compared to		+/-
MRQ	-6.5%	TTM	6.9%	-13.4%
TTM	6.9%	YOY	8.3%	-1.4%
TTM	6.9%	5Y	7.0%	-0.1%
5Y	7.0%	10Y	5.3%	+1.6%

Compared to industry (Leisure)

Period	Company	Industry (mean)	+/-
MRQ	-6.5%	0.6%	-7.1%
TTM	6.9%	1.4%	+5.5%
YOY	8.3%	4.6%	+3.7%
5Y	7.0%	0.4%	+6.6%
10Y	5.3%	2.6%	+2.7%

Measures how much net profit Acushnet Holdings Corp earns for each $1 of revenue.

Revenue is the amount of profit Acushnet Holdings Corp generates before taxes and all other costs. For example, when you buy a cup of coffee it will cost you $3. The company does not earn $3 in profit but also has to pay various costs and taxes to create that cup of coffee. Let's assume the cost of creating a cup of coffee is $1.5.

The $3 you pay for a cup of coffee is called revenue.
The $1.5 that’s left over when all costs to create that cup of coffee (including taxes) are deduced from the revenue is called net profit.

The net profit margin looks at how much net profit Acushnet Holdings Corp earns for each $1 in revenue.

How to use net profit margin

Higher profit margin is better (more profit).
Above 10% is considered healthy but always compare Acushnet Holdings Corp to the Leisure industry mean.
Can be used to compare companies within the Leisure industry.

You typically want a high profit margin. This means that for each $1 in sales, Acushnet Holdings Corp makes more profit. This shows the investor how efficiently Acushnet Holdings Corp is operating in general and compared to other companies in the same industry. Acushnet Holdings Corp operates in the Leisure industry.

Why do investors use net profit margin in their analysis

It helps investors to determine the efficiency of Acushnet Holdings Corp. If profit margins remain low (compared to the Leisure industry mean) and there are no improvements to make in production costs or other areas that might be a warning sign. If profit margins are high that means the company has low overhead costs and is efficiently using its resources to generate profit.

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Net Profit Margin of Acushnet Holdings Corp is -0.06. This means that Acushnet Holdings Corp earned $-0.06 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Net Profit Margin of the Leisure industry is 0.6%.
What is the trend?
The trend is important because it shows you how Acushnet Holdings Corp is performing over time. The most recent quarter might be important if Acushnet Holdings Corp released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Acushnet Holdings Corp up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare Acushnet Holdings Corp with other companies in the same industry (Leisure).
Net profit margin should rise over the years.
Can be influenced when Acushnet Holdings Corp sells assets (profit will increase while costs remain the same).
It won’t show what part of Acushnet Holdings Corp is doing great or needs improvement (it only looks at total revenue and total net income).

How to calculate net profit margin

Net profit margin = net income / total revenue * 100%

Real example of Acushnet Holdings Corp

You need the following data to determine net profit margin:

Income statement from the period you want to calculate (for example, MRQ or TTM).

Net income MRQ Acushnet Holdings Corp = -26,808
Total revenue MRQ Acushnet Holdings Corp = 412,961
$-26,808 / $412,961 = -0.06 or -6.5%

Higher is better

The higher the net profit margin, the more efficient the company is generating income. This helps investors to determine how the company is managing money. The net profit margin is an important indicator when diving into the financial health of a company. Overall, you want to see the net profit margin rising over the years. That means the company improved their production and made it more efficient (if possible).

You can use the net profit margin to compare companies within the same industry. If there are two companies where one is much bigger but the smaller one has a higher net profit margin, that means the smaller company is more efficiently using operational costs.

Important: Profit margins can be very different between industries. Companies with assembly lines or transports are much more prone to see shifting in prices for fuel, ingredients and maintenance compared to companies that only provide services. You should never compare net profit margin between different industries.

1.1.2. Return on Assets

Shows how efficient Acushnet Holdings Corp is using its assets to generate profit.

Above 5% is considered healthy but always compare Acushnet Holdings Corp to the Leisure industry mean.
-1.2% Return on Assets means that Acushnet Holdings Corp generated $-0.01 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Acushnet Holdings Corp:

The MRQ is -1.2%. Using its assets, the company is very inefficient in making profit. -2
The TTM is 2.1%. Using its assets, the company is less efficient in making profit.

Trends

Current period		Compared to		+/-
MRQ	-1.2%	TTM	2.1%	-3.3%
TTM	2.1%	YOY	2.4%	-0.3%
TTM	2.1%	5Y	1.9%	+0.2%
5Y	1.9%	10Y	1.4%	+0.5%

Compared to industry (Leisure)

Period	Company	Industry (mean)	+/-
MRQ	-1.2%	0.1%	-1.3%
TTM	2.1%	0.5%	+1.6%
YOY	2.4%	1.1%	+1.3%
5Y	1.9%	0.8%	+1.1%
10Y	1.4%	1.4%	+0.0%

Shows how efficient Acushnet Holdings Corp is using its assets to generate profit.

For a farm, a tractor is considered an asset. The tractor helps ploughing the land making it possible to plant and harvest crops. But the tractor might be old and needing maintenance all the time reducing its efficiency. Return on assets indicates how effectively the farm is using the tractor (and other assets that help the core business) to plough the land.

How to use return on assets

Higher is better.
Above 5% is considered healthy but always compare Acushnet Holdings Corp to the Leisure industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use return on assets in their analysis

Shows the investor how effectively Acushnet Holdings Corp is using its resources to generate profit. If the return on assets (-1.2%) from Acushnet Holdings Corp are higher than the Leisure mean (0.1%) that means Acushnet Holdings Corp is using its resources better than their competitors. If not, that means their competitors are more efficient in using their resources to generate profit.

An investor should always look at:

What is the current return on assets?
The current most recent quarter (MRQ) Return on Assets of Acushnet Holdings Corp is -1.2%. This means the company generated $-0.01 for each $1 in assets.
How does it compare to the industry?
The mean MRQ Return on Assets of the Leisure industry is 0.1%.
What is the trend?
The trend is important because it shows you how Acushnet Holdings Corp is performing over time. The most recent quarter might be important if Acushnet Holdings Corp released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Acushnet Holdings Corp up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
If a company has many assets changing over time, it’s better to calculate the average assets instead of the total assets.

How to calculate return on assets

Return on assets = net income / total assets * 100%

Real example Acushnet Holdings Corp

You need the following data to determine return on assets (ROA):

Income statement
Balance sheet

Net income MRQ (income statement) from Acushnet Holdings Corp = -26,808
Total assets MRQ (balance sheet) from Acushnet Holdings Corp = 2,196,677
-26,808 / 2,196,677 = -0.01 or -1.2%

ROA is an important ratio as it will tell you how effectively Acushnet Holdings Corp is using its resources to generate profits. Example:

Bob and Kristin both sell ice cream in the summer. They both have an ice cream truck. The truck Bob owes cost him $20.000 and the truck Kristin owes cost her $1500. Over the summer, Bob earned $2000 and Kristin earned $200. To calculate the return on assets:

Bob: $2000 / $20.000 * 100% = 10%
Kristin: $200 / $1500 * 100% = 13.3%

This tells you Bob’s company is more valuable but Kristin's company is more efficient. Be aware that total assets can change over time. A transportation business will buy and sell trucks or planes all the time. Before using return on assets as a guideline, you have to know what the exact assets are. For a company that has many assets changing over time, it’s better to calculate the average assets instead of the total assets.

1.1.3. Return on Equity

Shows how efficient Acushnet Holdings Corp is using its investors money to generate profit.

Above 15%-20% is considered healthy but always compare Acushnet Holdings Corp to the Leisure industry mean.
-3.1% Return on Equity means Acushnet Holdings Corp generated $-0.03 for each $1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Acushnet Holdings Corp:

The MRQ is -3.1%. Using its investors money, the company is very inefficient in making profit. -2
The TTM is 5.0%. Using its investors money, the company is inefficient in making profit. -1

Trends

Current period		Compared to		+/-
MRQ	-3.1%	TTM	5.0%	-8.1%
TTM	5.0%	YOY	4.8%	+0.2%
TTM	5.0%	5Y	3.9%	+1.1%
5Y	3.9%	10Y	3.2%	+0.7%

Compared to industry (Leisure)

Period	Company	Industry (mean)	+/-
MRQ	-3.1%	0.2%	-3.3%
TTM	5.0%	1.0%	+4.0%
YOY	4.8%	2.1%	+2.7%
5Y	3.9%	1.0%	+2.9%
10Y	3.2%	2.3%	+0.9%

Shows how efficient Acushnet Holdings Corp is using its investors money to generate profit.

A publicly traded company (any company that issues shares to the public) is owned by its shareholders. Return on equity calculates the amount of profit for every $1 the shareholders invested.

How to use return on equity

Higher is better.
Above 15%-20% is considered healthy but always compare Acushnet Holdings Corp to the Leisure industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use return on equity in their analysis

To find out the owners/management's attitude toward their company. You typically want the owners/management to invest in the company and focus on generating profit. If not enough profit is generated (compared to the Leisure industry mean), the company might not be investing their money efficiently.

The three steps every investor should look at:

What is the current return on equity?
The current most recent quarter (MRQ) Return on Equity of Acushnet Holdings Corp is -3.1%. This means Acushnet Holdings Corp generated $-0.03 for each $1 the owners (shareholders) invested.
How does it compare to the industry?
The mean MRQ Return on Equity of the Leisure industry is 0.2%.
What is the trend?
The trend is important because it shows you how Acushnet Holdings Corp is performing over time. The most recent quarter might be important if Acushnet Holdings Corp released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Acushnet Holdings Corp up to 10 years back (depending if Acushnet Holdings Corp existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Does not include intangible assets (non physical assets like licences, computer software, etc.).
Stockholders equity and shareholders equity refer to the same thing.
Liabilities should not be more than three times return on equity.

How to calculate return on equity

Return on equity = net profit / shareholders equity * 100%

Real example of Acushnet Holdings Corp

You need the following data to determine ROE:

Income statement
Balance sheet
Net profit MRQ (income statement) Acushnet Holdings Corp = -26,808
Shareholders equity (balance sheet) MRQ Acushnet Holdings Corp = 864,235
-26,808 / 864,235 = -0.03 or -3.1%

A negative shareholder equity is a warning sign. It means the company has more liabilities than assets. It might also mean that the owners did not invest enough money or they are taking money out of the business.

1.2. Operating Efficiency of Acushnet Holdings Corp.

1.2. Operating Efficiency

1.2.1. Operating Margin

Measures how efficient Acushnet Holdings Corp is operating .

Measures how much profit Acushnet Holdings Corp makes for each $1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
Above 15% is considered healthy but always compare Acushnet Holdings Corp to the Leisure industry mean.
An Operating Margin of -5.6% means the company generated $-0.06 for each $1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Acushnet Holdings Corp:

The MRQ is -5.6%. The company is operating very inefficient. -2
The TTM is 10.3%. The company is operating less efficient.

Trends

Current period		Compared to		+/-
MRQ	-5.6%	TTM	10.3%	-15.9%
TTM	10.3%	YOY	11.6%	-1.3%
TTM	10.3%	5Y	10.4%	-0.1%
5Y	10.4%	10Y	10.4%	+0.0%

Compared to industry (Leisure)

Period	Company	Industry (mean)	+/-
MRQ	-5.6%	3.4%	-9.0%
TTM	10.3%	3.9%	+6.4%
YOY	11.6%	5.0%	+6.6%
5Y	10.4%	3.6%	+6.8%
10Y	10.4%	4.5%	+5.9%

Measures how efficient Acushnet Holdings Corp is operating .

The more effecient a company creates products or provides services, the more profit it generates.

How to use operating margin

Higher is better
Above 15% is considered healthy but always compare Acushnet Holdings Corp to the Leisure industry mean.
Can be very different between industries
Can be used to compare companies

Why do investors use operating margin in their analysis

To determine how much profit Acushnet Holdings Corp is making from it’s core business.

The three steps every investor should look at:

What is the current net profit margin?
The current most recent quarter (MRQ) Operating Margin of Acushnet Holdings Corp is -5.6%. This means that Acushnet Holdings Corp earned $-0.06 for each $1 in revenue in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Margin of the Leisure industry is 3.4%.
What is the trend?
The trend is important because it shows you how Acushnet Holdings Corp is performing over time. The most recent quarter might be important if Acushnet Holdings Corp released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Acushnet Holdings Corp up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry
Can be calculated in different ways

How to calculate operating margin

Operating margin = operating earnings / total revenue

Real example of Acushnet Holdings Corp

You need the following data to determine operating margin:

Income statement
Operating earnings MRQ Acushnet Holdings Corp = -23,303
Total revenue MRQ Acushnet Holdings Corp = 412,961
$-23,303 / $412,961 = -0.06 or -5.6%

Operating margin is used to calculate how much profit a company makes after variable costs of production but before paying interest and taxes. Some variable costs examples are wages, raw materials, packaging, and transaction fees. The amount of variable costs is different for each company and industry. In general, a higher operating margin is better as this implicates that a company is running efficiently.

For investors, a higher operating margin is a good sign. Although you should always look at operating margin in the long term. If operating margin is fluctuating over the years this might be a sign that things are not running efficiently enough. It’s a way to check how much profit a company is making from its core business.

Operation earnings can be calculated in multiple ways:

Operation earnings = EBIT - non operating income + non operating expense
Operation earnings = Gross profit - operating expense - depreciation and amortisation
Operation earnings = Total revenue - COGS (costs of goods sold) - indirect costs

1.2.2. Operating Ratio

Measures how efficient Acushnet Holdings Corp is keeping operating costs low.

Below 1 is considered healthy (always compare to Leisure industry mean).
An Operation Ratio of 1.06 means that the operating costs are $1.06 for each $1 in net sales.

Let's take a look of the Operating Ratio trends of Acushnet Holdings Corp:

The MRQ is 1.056. The company is inefficient in keeping operating costs low. -1
The TTM is 0.897. The company is less efficient in keeping operating costs low.

Trends

Current period		Compared to		+/-
MRQ	1.056	TTM	0.897	+0.160
TTM	0.897	YOY	0.882	+0.014
TTM	0.897	5Y	0.894	+0.003
5Y	0.894	10Y	1.059	-0.164

Compared to industry (Leisure)

Period	Company	Industry (mean)	+/-
MRQ	1.056	1.459	-0.403
TTM	0.897	1.412	-0.515
YOY	0.882	1.381	-0.499
5Y	0.894	1.379	-0.485
10Y	1.059	1.248	-0.189

Measures how efficient Acushnet Holdings Corp is keeping operating costs low.

If the operating ratio is below 1 that means the company is making money. The lower the operating ratio, the more efficient the company.

How to use operating ratio

Lower is better.
Below 1 is considered healthy but always compare Acushnet Holdings Corp to the Leisure industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use operating ratio in their analysis

Shows if costs of creating products and or services is increasing or decreasing. The lower the operating ratio, the more efficient the company is creating products and services.

The three steps every investor should look at:

What is the current Operatin ratio?
The current most recent quarter (MRQ) Operating Ratio of Acushnet Holdings Corp is 105.6%. This means that Acushnet Holdings Corp earned $1.06 for each $1 in net sales in the most recent quarter.
How does it compare to the industry?
The mean MRQ Operating Ratio of the Leisure industry is 1.46.
What is the trend?
The trend is important because it shows you how Acushnet Holdings Corp is performing over time. The most recent quarter might be important if Acushnet Holdings Corp released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Acushnet Holdings Corp up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
You need COGS to calculate operating ratio which is not always shown in the income statement.
Does not consider debt.

How to calculate operating ratio

Operating ratio = Operating expenses + COGS \ Net sales

Real life example Acushnet Holdings Corp

You need the following data to determine operating ratio:

Income statement

COGS is not always specified on the income statement. If so you can use the following calculation:

(cost of revenue + total operating expenses) \ total revenue
(206,684 +229,580) \ 412,961 = 1.06

The operating ratio measures the efficiency of a company at keeping low costs while generating profits from sales. It compares the total operating expenses to the net amount of sales. The total operating expenses exists of:

COGS (materials, labour, rent of facility, repairs)
Operating expenses (legal fees, marketing, wages, rent, maintenance/repairs)

Operating expenses are all the costs the company makes that are not directly tied to the production of the service or product. Where COGS are costs that are directly tied to the production of a product or service.

Do note that COGS is not always available in the income statement. Some companies include COGS in the operating expenses while others list COGS separately. To make it even more confusing, COGS is also known as “costs of sales” and costs of sales is the same as costs of revenue.

The operating ratio tells you how efficient the company is creating its products or services while keeping prices low. In this case, a lower ratio is better. Higher or rising operating ratios might tell you that costs are rising while sales are not improving or staying the same.

1.3. Liquidity of Acushnet Holdings Corp.

1.3. Liquidity

1.3.1. Current Ratio

Measures if Acushnet Holdings Corp is able to pay off Short-term Debt.

Above 1.5 is considered healthy (always compare to Leisure industry mean).
A Current Ratio of 2.21 means the company has $2.21 in assets for each $1 in short-term debts.

Let's take a look of the Current Ratio trends of Acushnet Holdings Corp:

The MRQ is 2.209. The company is able to pay all its short-term debts. +1
The TTM is 2.167. The company is able to pay all its short-term debts. +1

Trends

Current period		Compared to		+/-
MRQ	2.209	TTM	2.167	+0.042
TTM	2.167	YOY	2.006	+0.162
TTM	2.167	5Y	2.093	+0.074
5Y	2.093	10Y	1.791	+0.302

Compared to industry (Leisure)

Period	Company	Industry (mean)	+/-
MRQ	2.209	1.793	+0.416
TTM	2.167	1.786	+0.381
YOY	2.006	1.730	+0.276
5Y	2.093	1.948	+0.145
10Y	1.791	1.796	-0.005

Measures if Acushnet Holdings Corp is able to pay off Short-term Debt.

How to use current ratio

Higher is better
Above 1.5 is considered healthy (always compare to Leisure industry mean).
Can be very different between industries
Can be used to compare companies

Why do investors use current ratio in their analysis

Shows if the company can pay of short term debts if needed. A company that can't pay off it's short term debts might get in trouble if they have to pay off their short term debts for whatever reason. For example, markets can change due to global events like covid-19 or the war in Ukraine versus Russia. Because debts are always taken based on future income, it might become troublesome for Acushnet Holdings Corp if something happens in the market that will cause sales to plummet.

The three steps every investor should look at:

What is the current current Ratio?
The current most recent quarter (MRQ) Current Ratio of Acushnet Holdings Corp is 2.21. This means Acushnet Holdings Corp has $2.21 in assets for each $1 in short-term debts.
How does it compare to the industry?
The mean MRQ Current Ratio of the Leisure industry is 1.79.
What is the trend?
The trend is important because it shows you how Acushnet Holdings Corp is performing over time. The most recent quarter might be important if Acushnet Holdings Corp released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Acushnet Holdings Corp up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Might be deluded.
Not all assets can always be quickly sold.
Can be manipulated by increasing or decreasing the assets and/or liabilities.

How to calculate current ratio

Current ratio = current assets \ current liabilities

Real life example Acushnet Holdings Corp

You need the following data to determine operating ratio:

Balance sheet
Current ratio = current assets \ current liabilities
996,692 \ 451,135) = 2.21

The current ratio measures if Acushnet Holdings Corp is able to pay short-term debts (obligations). Short term in this context means all debt obligations that are about to expire within one year. The current ratio incorporates current liabilities and current assets. Current assets are all the assets a company has that are expected to be consumed or sold within standard business operations. You can find the current assets in the balance sheet. They consist of:

Inventory
Accounts receivable
Marketable securities
Prepaid expenses
Cash
Cash equivalents
liquid assets

The current liabilities are short term obligations that are due within one year. These consist of:

Short term debts
Dividends
Income taxes
Short-term debts
Accounts payable
Interest payments

The result shows an investor if Acushnet Holdings Corp is able to pay all its short-term debts if they were due all at once. When the result of the above formula is below 1, then Acushnet Holdings Corp does not have enough capital after selling all its assets to pay all short-term debts. If the ratio drops far below 1 that might indicate Acushnet Holdings Corp is or will be in financial trouble anytime soon.

Although this gives an investor some clues, the current ratio may also be deluded. Because owning assets does not mean the company can easily sell them. Also, Accounts receivable may be quite old (they will probably never pay) which deludes the current ratio. As with all ratios, you should only compare them between the same industries and companies.

1.3.2. Quick Ratio

Measures if Acushnet Holdings Corp is able to pay off Short-term Debt but only using the most liquid assets.

Above 1 is considered healthy but always compare Acushnet Holdings Corp to the Leisure industry mean.
A Quick Ratio of 0.59 means the company can pay off $0.59 for each $1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Acushnet Holdings Corp:

The MRQ is 0.591. The company is just not able to pay all its short-term debts with the most liquid assets. -1
The TTM is 0.779. The company is just not able to pay all its short-term debts with the most liquid assets. -1

Trends

Current period		Compared to		+/-
MRQ	0.591	TTM	0.779	-0.188
TTM	0.779	YOY	0.798	-0.018
TTM	0.779	5Y	0.921	-0.142
5Y	0.921	10Y	0.775	+0.146

Compared to industry (Leisure)

Period	Company	Industry (mean)	+/-
MRQ	0.591	0.642	-0.051
TTM	0.779	0.654	+0.125
YOY	0.798	0.714	+0.084
5Y	0.921	0.884	+0.037
10Y	0.775	0.832	-0.057

Measures if Acushnet Holdings Corp is able to pay off Short-term Debt but only using the most liquid assets.

How to use quick ratio

Higher is better.
Above 1 is considered healthy but always compare Acushnet Holdings Corp to the Leisure industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use quick ratio in their analysis

Shows how fast Acushnet Holdings Corp can pay off its short term debts. This shows if Acushnet Holdings Corp can survive emergencies due to market changes or other reasons.

The three steps every investor should look at:

What is the current Quick Ratio?
The current most recent quarter (MRQ) quickRatio of Acushnet Holdings Corp is 0.59. This means that Acushnet Holdings Corp can pay off $0.59 for each $1 in debt (using most liquid assets).
How does it compare to the industry?
The mean MRQ Quick Ratio of the Leisure industry is 0.64.
What is the trend?
The trend is important because it shows you how Acushnet Holdings Corp is performing over time. The most recent quarter might be important if Acushnet Holdings Corp released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Acushnet Holdings Corp up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Incorporates only most liquid assets.

How to calculate quick ratio

Quick ratio = cash and equivalents + marketable securities + accounts receivable / current liabilities

Real life example Acushnet Holdings Corp

You need the following data to determine operating ratio:

Balance sheet
Quick ratio = cash and short-term investments + short-term investments + netReceivables / total current liabilities
MRQ quick ratio Acushnet Holdings Corp: (65,435 + 0 +201,352) / 451,135 = 0.59

The quick ratio measures the same thing as the current ratio, only it uses the most liquid assets a company has. Meaning, the assets that can be sold for cash the easiest and fastest.

As the quick ratio only incorporates the most liquid assets, you should also check the current ratio which also includes less liquid assets. But they may be harder to sell.

1.4. Solvency of Acushnet Holdings Corp.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Measures how much % of Acushnet Holdings Corp assets are financed with debt.

Below 1 (100%) is considered healthy but always compare Acushnet Holdings Corp to Leisure industry mean.
A Debt to Asset Ratio of 0.58 means that Acushnet Holdings Corp assets are financed with 58.4% credit (debt) and the remaining percentage (100% - 58.4%) is financed by its owners/shareholders.

Let's take a look of the Debt to Asset Ratio trends of Acushnet Holdings Corp:

The MRQ is 0.584. The company is able to pay all its debts by selling its assets. +1
The TTM is 0.567. The company is able to pay all its debts by selling its assets. +1

Trends

Current period		Compared to		+/-
MRQ	0.584	TTM	0.567	+0.018
TTM	0.567	YOY	0.497	+0.069
TTM	0.567	5Y	0.494	+0.073
5Y	0.494	10Y	0.560	-0.066

Compared to industry (Leisure)

Period	Company	Industry (mean)	+/-
MRQ	0.584	0.445	+0.139
TTM	0.567	0.448	+0.119
YOY	0.497	0.475	+0.022
5Y	0.494	0.454	+0.040
10Y	0.560	0.447	+0.113

Measures how much % of Acushnet Holdings Corp assets are financed with debt.

When there are more debts than assets, that means creditors have a larger stake Acushnet Holdings Corp than its shareholders.

How to use debt to asset ratio

Lower is better.
below 1 (100%) is considered healthy but always compare Acushnet Holdings Corp to Leisure industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use the debt to asset ratio in their analysis

It shows how much debt the company used to finance its assets. If a company is almost entirely financed with debt that means the company might get into serious trouble when emergencies arise like a raise in interest.

The three steps every investor should look at:

What is the current debt to asset ratio?
The current most recent quarter (MRQ) Debt to Asset Ratio of Acushnet Holdings Corp is 0.58. This means means that Acushnet Holdings Corp is financed with 58.4% credit and the remaining percentage is financed by it's owners (shareholders).
How does it compare to the industry?
The mean MRQ Current Ratio of the Leisure industry is 179.3%.
What is the trend?
The trend is important because it shows you how Acushnet Holdings Corp is performing over time. The most recent quarter might be important if Acushnet Holdings Corp released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Acushnet Holdings Corp up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry
Some companies can have higher debt to assets ratio's (for example, banks).
Debt to asset ratio should improve over the years.
If the debt to asset ratio is above 1, look at the industry mean and find out why Acushnet Holdings Corp has so much debt.

How to calculate debt to asset ratio

Debt to asset ratio = total debt \ total assets

Real life example Acushnet Holdings Corp

You need the following data to determine debt to asset ratio:

Balance sheet
Debt to asset ratio = total debt \ total assets
1,283,805 \ 2,196,677 = 58.4% or 0.58.

The debt to total assets ratio shows if the company is owned by creditors or shareholders. Or in other words, the total debt in relation to the total amount of assets. It shows how much debt the company used to finance its assets.

1.4.2. Debt to Equity Ratio

Measures if Acushnet Holdings Corp is able to pay off its debts by using shareholders equity.

Below 2 is considered healthy but always compare Acushnet Holdings Corp to the Leisure industry mean.
A Debt to Equity ratio of 148.5% means that company has $1.49 debt for each $1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Acushnet Holdings Corp:

The MRQ is 1.485. The company is able to pay all its debts with equity. +1
The TTM is 1.376. The company is able to pay all its debts with equity. +1

Trends

Current period		Compared to		+/-
MRQ	1.485	TTM	1.376	+0.110
TTM	1.376	YOY	1.040	+0.336
TTM	1.376	5Y	1.034	+0.342
5Y	1.034	10Y	1.768	-0.734

Compared to industry (Leisure)

Period	Company	Industry (mean)	+/-
MRQ	1.485	0.719	+0.766
TTM	1.376	0.754	+0.622
YOY	1.040	0.878	+0.162
5Y	1.034	0.848	+0.186
10Y	1.768	0.866	+0.902

Measures if Acushnet Holdings Corp is able to pay off its debts by using shareholders equity.

How to use debt to equity ratio

Lower is better.
Below 2 is considered healthy (always use industry average).
Can be very different between industries.
Can be used to compare companies.

Why do investors use the debt to shareholders equity ratio in their analysis

It shows how much debt the company uses to finance their operations. Shareholders equity is whats left over when you subtract total liabilities from total assets. It's another way to meassure how much of Acushnet Holdings Corp is financed with debt or own resources.

The three steps every investor should look at:

What is the current debt to equity ratio?
The current most recent quarter (MRQ) quickRatio of Acushnet Holdings Corp is 1.49. This means that Acushnet Holdings Corp can pay off $1.49 for each $1 in debt.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Leisure industry is 0.72.
What is the trend?
The trend is important because it shows you how Acushnet Holdings Corp is performing over time. The most recent quarter might be important if Acushnet Holdings Corp released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Acushnet Holdings Corp up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Not all debt is equally risky (for example, short term risk is less risky).

How to calculate debt to equity ratio

Debt to equity ratio = total debt \ shareholders equity.

Real life example Acushnet Holdings Corp

You need the following data to determine equity ratio:

Balance sheet
Debt to equity ratio = total debt \ shareholders equity
1,283,805 \ 864,235 = 1.49 or 148.5%

Debt to equity measures the total debt versus the total shareholders equity. While the total debts to total assets ratio uses total assets, the debt to equity ratio looks at the total equity of shareholders. Where equity of shareholders are:

Common shares.
Preferred shares.
Retained earnings.

You can find the shareholders' equity in the balance sheet. A ratio between 0,5 and 1,5 is preferred. If the ratio is above 1.5, that would indicate creditors have significantly more stake (debt) in the company than the shareholders. In other words, the company is using a lot of debt to finance their operations.

Not all debt is equally risky. Meaning you can adjust the ratio by including or excluding certain amounts of debt. Short term debts are less risky because they have to be paid back within one year anyway. It’s much easier to plan one year ahead versus five or ten years.

2. Market Valuation of Acushnet Holdings Corp

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every $1 in earnings Acushnet Holdings Corp generates.

Above 15 is considered overpriced but always compare Acushnet Holdings Corp to the Leisure industry mean.
A PE ratio of -38.20 means the investor is paying $-38.20 for every $1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Acushnet Holdings Corp:

The EOD is -38.192. Based on the earnings, the company is expensive. -2
The MRQ is -38.198. Based on the earnings, the company is expensive. -2
The TTM is -0.168. Based on the earnings, the company is expensive. -2

Trends

Current period		Compared to		+/-
EOD	-38.192	MRQ	-38.198	+0.006
MRQ	-38.198	TTM	-0.168	-38.030
TTM	-0.168	YOY	-3,182.618	+3,182.449
TTM	-0.168	5Y	-613.379	+613.211
5Y	-613.379	10Y	-325.212	-288.167

Compared to industry (Leisure)

Period	Company	Industry (mean)	+/-
EOD	-38.192	3.194	-41.386
MRQ	-38.198	2.490	-40.688
TTM	-0.168	5.673	-5.841
YOY	-3,182.618	7.649	-3,190.267
5Y	-613.379	12.625	-626.004
10Y	-325.212	14.101	-339.313

Measures how much money you pay for each share for every $1 in earnings Acushnet Holdings Corp generates.

Indicates if the company’s shares are under or overvalued.

How to use PE ratio

Above 15 is considered overpriced but is hard to determine. Always compare Acushnet Holdings Corp to the Leisure industry mean.
Can be very different between industries.
Can be used to compare companies.

Why do investors use PE ratio in their analysis

The PE ratio tells investors the current sentiment in the market for that company. As with every stock, the stock price never shows the real valuation of a company but rather how the market thinks how much the stock is worth.

In other words, the current stock price also incorporates any future earnings or business opportunities in the future. The best example is the stock market crash in 2000. The PE ratio for any internet based company was going through the roof. Only based on the general assumption the internet and all associated businesses would thrive in the future. But this was based on nothing. A business still needs a good product or service to be able to survive. Instead, every investor bought any stock which did something related to the internet. Result: huge market crash.

Many investors were willing to pay premium prices and that was causing the PE ratio to rise. A high PE ratio is a warning sign that investors might be overvaluing a stock based on future earnings.

The three steps every investor should look at:

What is the current PE Ratio?
The current most recent quarter (MRQ) PE Ratio of Acushnet Holdings Corp is -38.20. This means the investor is paying $-38.20 for every $1 in earnings.
How does it compare to the industry?
The mean MRQ Quick Ratio of the Leisure industry is 2.49.
What is the trend?
The trend is important because it shows you how Acushnet Holdings Corp is performing over time. The most recent quarter might be important if Acushnet Holdings Corp released a new product or service. And you can use MRQ to see if they performed better vs last year. You can find all the trends for Acushnet Holdings Corp up to 10 years back (depending if the company existed 10 years ago) when you exit this learning section.

Things to be aware of

Only compare with other companies in the same industry.
Some industries might have very high or very low PE ratios in general.
PE ratios can be high for several years, it does not mean a sudden collapse is imminent.
Earnings growth is not included in the PE ratio.

How to calculate PE ratio

PE ratio = market value per share \ earnings per share

Real life example Acushnet Holdings Corp

You need the following data to determine the PE ratio:

Balance sheet
Income statement

The PE ratio is a very commonly used ratio to determine the value of a company by comparing the current stock price relative to its earnings per share (EPS). Before we can calculate the PE ratio we need to know the EPS. EPS is calculated as follows:

EPS = (net profit - preferred dividends) \ end of period outstanding shares*
Net profit = revenue - expenses
0 \ 64,842 = EPS
PE ratio MRQ = -38.20

* The net profit minus preferred dividends can be found in the incomestatement as netIncomeApplicableToCommonShares.

The PE value helps investors to determine if the current stock price is under or overvalued. It also projects future growth.

In general, a higher PE ratio means that investors predict higher future growth. If the PE ratio is too high, then investors expect way too much future growth the company can never fulfil. This is most likely to happen in faster moving companies like tech companies or automobile companies like Tesla. These are hot and booming markets where investors expect much future growth driven by new technology (electric cars). When looking at the current MRQ (most recent quarter) PE ratio of Tesla ( jan. 2021) it's about 247 while the average in the industry is only 6. That might be a clue that Tesla is trading for way too high prices compared to their current assets and is more based on future growth.

2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Acushnet Holdings Corp:

The EOD is 24.398. Based on how much money comes from the company's main activities, the company is underpriced. +1
The MRQ is 24.402. Based on how much money comes from the company's main activities, the company is underpriced. +1
The TTM is 6.913. Based on how much money comes from the company's main activities, the company is cheap. +2

Trends

Current period		Compared to		+/-
EOD	24.398	MRQ	24.402	-0.004
MRQ	24.402	TTM	6.913	+17.489
TTM	6.913	YOY	10.748	-3.835
TTM	6.913	5Y	8.782	-1.870
5Y	8.782	10Y	4.477	+4.306

Compared to industry (Leisure)

Period	Company	Industry (mean)	+/-
EOD	24.398	2.692	+21.706
MRQ	24.402	3.675	+20.727
TTM	6.913	2.178	+4.735
YOY	10.748	0.527	+10.221
5Y	8.782	0.127	+8.655
10Y	4.477	1.593	+2.884

2. Book Value per Share

2.3. Price to Book Ratio

Measures if the stock price of Acushnet Holdings Corp is to cheap or to expensive compared to its book value.

At or below 1 is considered healthy (always compare to Leisure industry mean).
A PB ratio of 4.49 means the investor is paying $4.49 for each $1 in book value.

Let's take a look of the Price to Book Ratio trends of Acushnet Holdings Corp:

The EOD is 4.486. Based on the equity, the company is fair priced.
The MRQ is 4.487. Based on the equity, the company is fair priced.
The TTM is 3.768. Based on the equity, the company is fair priced.

Trends

Current period		Compared to		+/-
EOD	4.486	MRQ	4.487	-0.001
MRQ	4.487	TTM	3.768	+0.719
TTM	3.768	YOY	2.860	+0.908
TTM	3.768	5Y	2.910	+0.858
5Y	2.910	10Y	2.023	+0.887

Compared to industry (Leisure)

Period	Company	Industry (mean)	+/-
EOD	4.486	1.524	+2.962
MRQ	4.487	1.742	+2.745
TTM	3.768	1.747	+2.021
YOY	2.860	1.964	+0.896
5Y	2.910	2.179	+0.731
10Y	2.023	2.454	-0.431

2. Total Gains per Share

3. Holders & Insider Transactions

Let's take a look at which institutions, funds and insiders are holding shares of Acushnet Holdings Corp.

3.1. Institutions holding Acushnet Holdings Corp

Institutions are holding 55.931% of the shares of Acushnet Holdings Corp.

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2023-12-31	Kayne Anderson Rudnick Investment Management LLC	12.263	1.2307	7786347	-153194	-1.9295
2023-12-31	Vanguard Group Inc	4.7173	0.0041	2995230	20547	0.6907
2023-12-31	BlackRock Inc	3.6278	0.0037	2303479	98371	4.4611
2023-12-31	Wellington Management Company LLP	3.0945	0.0231	1964870	25869	1.3341
2023-12-31	Dimensional Fund Advisors, Inc.	2.589	0.0303	1643856	-20265	-1.2178
2023-12-31	JPMorgan Chase & Co	2.4041	0.0093	1526481	-169513	-9.9949
2023-12-31	Macquarie Group Ltd	2.222	0.103	1410864	112774	8.6877
2023-12-31	Wells Fargo & Co	1.8047	0.0189	1145890	-40035	-3.3758
2023-12-31	Ameriprise Financial Inc	1.7699	0.0213	1123794	158140	16.3765
2023-12-31	Principal Financial Group Inc	1.594	0.0408	1012087	-94428	-8.5338
2023-12-31	Lansdowne Partners Limited Partnership	1.4407	4.3152	914791	-17140	-1.8392
2023-12-31	State Street Corporation	1.0748	0.0021	682437	9511	1.4134
2023-12-31	Geode Capital Management, LLC	1.0087	0.0042	640494	21400	3.4567
2023-12-31	Morgan Stanley - Brokerage Accounts	1.007	0.0036	639380	36583	6.0689
2023-12-31	Amvescap Plc.	0.8366	0.008	531205	-13953	-2.5594
2023-12-31	Raymond James & Associates	0.8017	0.024	509042	-20935	-3.9502
2023-12-31	ING Investment Management LLC	0.6603	0.0317	419278	301569	256.1988
2023-12-31	London Company of Virginia	0.6276	0.1417	398489	2393	0.6041
2023-12-31	Northern Trust Corp	0.6263	0.0046	397643	80	0.0201
2023-12-31	Charles Schwab Investment Management Inc	0.5706	0.0058	362330	824	0.2279
Total		44.7406	6.0261	28407987	+258598	+0.9%

3.2. Funds holding Acushnet Holdings Corp

Date	Name	Total Shares	Total Assets	Current Shares	Change	%
2023-12-31	Virtus KAR Small-Cap Core I	2.324	4.7672	1475641	-35000	-2.3169
2023-12-31	Vanguard Explorer Inv	1.8093	0.3394	1148805	16952	1.4977
2024-02-29	Vanguard Total Stock Mkt Idx Inv	1.4727	0.0039	935112	-3334	-0.3553
2023-12-31	JPM US Small Cap Core-Composite	1.3554	0.9992	860617	-138550	-13.8666
2024-01-31	JPMorgan Small Cap Equity A	1.2491	0.9843	793131	-67486	-7.8416
2024-01-31	Delaware Small Cap Value A	1.2177	1.0526	773200	-81500	-9.5355
2024-02-29	Vanguard Small Cap Index	1.1943	0.0348	758324	7016	0.9338
2024-02-29	iShares Russell 2000 ETF	1.1679	0.0766	741563	-121	-0.0163
2024-02-29	Vanguard Small Cap Value Index Inv	0.8123	0.0625	515787	2160	0.4205
2023-12-31	CT (Lux) Glb Smlr Coms IE	0.7793	1.5091	494805	6229	1.2749
2024-02-29	Vanguard Institutional Extnd Mkt Idx Tr	0.7055	0.0283	447955	338	0.0755
2024-02-29	Principal Edge SMA SMID Dividend Income	0.6496	2.2885	412442	-73	-0.0177
2023-12-31	Fidelity Small Cap Index	0.4829	0.0762	306629	-156	-0.0508
2024-02-29	Principal Small-MidCap Dividend Inc Inst	0.4719	1.5626	299632	-40562	-11.9232
2024-01-31	DFA US Small Cap I	0.4641	0.1267	294682	0	0
2024-02-29	iShares Russell 2000 Growth ETF	0.4261	0.1535	270574	-315	-0.1163
2024-01-31	Delaware VIP Small Cap Value Series Std	0.4207	1.0485	267100	-20200	-7.031
2023-12-31	Fidelity Series Small Cap Opps	0.3394	0.2496	215500	-5600	-2.5328
2024-02-29	Tributary Small Cap Equity	0.3227	1.5263	204887	1839	0.9057
2024-02-29	Voya Global Insights Portfolio I	0.3181	1.12	201975	11240	5.893
Total		17.983	18.0098	11418361	-347123	-3.0%

3.3. Insider Transactions

Insiders are holding 54.468% of the shares of Acushnet Holdings Corp.

Date	Owner	Type	Amount	Price
2024-03-08	John Francis Duke Jr	SELL	17000	64.32
2024-03-06	Brendan J Reidy	SELL	9000	64.49
2023-11-22	Steven Francis Pelisek	SELL	20000	57.1
2023-11-03	Holdings Corp. Fila	SELL	1824994	54.8
2023-08-10	Brendan J Reidy	SELL	17000	56.08
2023-08-07	Sean S Sullivan	SELL	13101	58.34
2023-06-14	Christopher Aaron Lindner	SELL	8000	51.45
2023-05-11	Mary Louise Bohn	SELL	30000	51.42

4. Summary

4.1. Key Performance Indicators

The key performance indicators of Acushnet Holdings Corp compared to the Most Recent Quarter (MRQ).

	End of day	+/-	Most Recent Quarter	Trailing 12 Months	+/-	Year-Over-Year	+/-	5 Year	+/-	10 Year	+/-
Book Value Change Per Share	-	-	-0.383	-0.005	-99%	-0.127	-67%	0.084	-557%	0.380	-201%
Book Value Per Share	-	-	14.078	14.767	-5%	14.697	-4%	13.995	+1%	11.576	+22%
Current Ratio	-	-	2.209	2.167	+2%	2.006	+10%	2.093	+6%	1.791	+23%
Debt To Asset Ratio	-	-	0.584	0.567	+3%	0.497	+18%	0.494	+18%	0.560	+4%
Debt To Equity Ratio	-	-	1.485	1.376	+8%	1.040	+43%	1.034	+44%	1.768	-16%
Dividend Per Share	-	-	0.191	0.195	-2%	0.180	+6%	0.167	+14%	0.137	+39%
Eps	-	-	-0.413	0.721	-157%	0.679	-161%	0.542	-176%	0.391	-206%
Free Cash Flow Per Share	-	-	0.647	1.008	-36%	-0.674	+204%	0.478	+35%	0.361	+80%
Free Cash Flow To Equity Per Share	-	-	0.099	0.025	+302%	-0.693	+797%	0.051	+95%	0.028	+252%
Gross Profit Margin	-	-	1.000	1.000	0%	-30.646	+3165%	-5.329	+633%	-0.821	+182%
Intrinsic Value_10Y_max	-	-	-14.960	-	-	-	-	-	-	-	-
Intrinsic Value_10Y_min	-	-	-11.805	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_max	-	-	1.214	-	-	-	-	-	-	-	-
Intrinsic Value_1Y_min	-	-	1.194	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_max	-	-	1.580	-	-	-	-	-	-	-	-
Intrinsic Value_3Y_min	-	-	1.550	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_max	-	-	-0.547	-	-	-	-	-	-	-	-
Intrinsic Value_5Y_min	-	-	-0.329	-	-	-	-	-	-	-	-
Market Cap	4010325252.000	-2%	4096048546.580	3729625705.545	+10%	3035678559.330	+35%	2982496081.995	+37%	1999778935.421	+105%
Net Profit Margin	-	-	-0.065	0.069	-194%	0.083	-178%	0.070	-193%	0.053	-221%
Operating Margin	-	-	-0.056	0.103	-155%	0.116	-149%	0.104	-154%	0.104	-154%
Operating Ratio	-	-	1.056	0.897	+18%	0.882	+20%	0.894	+18%	1.059	0%
Pb Ratio	4.486	0%	4.487	3.768	+19%	2.860	+57%	2.910	+54%	2.023	+122%
Pe Ratio	-38.192	+0%	-38.198	-0.168	-100%	-3182.618	+8232%	-613.379	+1506%	-325.212	+751%
Price Per Share	63.160	0%	63.170	55.458	+14%	41.973	+51%	41.160	+53%	27.430	+130%
Price To Free Cash Flow Ratio	24.398	0%	24.402	6.913	+253%	10.748	+127%	8.782	+178%	4.477	+445%
Price To Total Gains Ratio	-328.275	+0%	-328.327	-65.242	-80%	-12.507	-96%	-25.982	-92%	7.808	-4305%
Quick Ratio	-	-	0.591	0.779	-24%	0.798	-26%	0.921	-36%	0.775	-24%
Return On Assets	-	-	-0.012	0.021	-158%	0.024	-151%	0.019	-163%	0.014	-185%
Return On Equity	-	-	-0.031	0.050	-162%	0.048	-165%	0.039	-179%	0.032	-197%
Total Gains Per Share	-	-	-0.192	0.190	-201%	0.053	-463%	0.251	-177%	0.517	-137%
Usd Book Value	-	-	912872000.000	995625250.000	-8%	1063999750.000	-14%	1021634750.000	-11%	844942027.027	+8%
Usd Book Value Change Per Share	-	-	-0.383	-0.005	-99%	-0.127	-67%	0.084	-557%	0.380	-201%
Usd Book Value Per Share	-	-	14.078	14.767	-5%	14.697	-4%	13.995	+1%	11.576	+22%
Usd Dividend Per Share	-	-	0.191	0.195	-2%	0.180	+6%	0.167	+14%	0.137	+39%
Usd Eps	-	-	-0.413	0.721	-157%	0.679	-161%	0.542	-176%	0.391	-206%
Usd Free Cash Flow	-	-	41965000.000	67807000.000	-38%	-48537750.000	+216%	34733950.000	+21%	26079918.919	+61%
Usd Free Cash Flow Per Share	-	-	0.647	1.008	-36%	-0.674	+204%	0.478	+35%	0.361	+80%
Usd Free Cash Flow To Equity Per Share	-	-	0.099	0.025	+302%	-0.693	+797%	0.051	+95%	0.028	+252%
Usd Market Cap	4010325252.000	-2%	4096048546.580	3729625705.545	+10%	3035678559.330	+35%	2982496081.995	+37%	1999778935.421	+105%
Usd Price Per Share	63.160	0%	63.170	55.458	+14%	41.973	+51%	41.160	+53%	27.430	+130%
Usd Profit	-	-	-26808000.000	49607250.000	-154%	50252500.000	-153%	39769400.000	-167%	28469027.027	-194%
Usd Revenue	-	-	412961000.000	595498750.000	-31%	567584000.000	-27%	504689350.000	-18%	450908054.054	-8%
Usd Total Gains Per Share	-	-	-0.192	0.190	-201%	0.053	-463%	0.251	-177%	0.517	-137%
	EOD	+4 -4	MRQ	TTM	+7 -28	YOY	+12 -24	5Y	+14 -22	10Y	+17 -19

4.2. Fundamental Score

Let's check the fundamental score of Acushnet Holdings Corp based on Penke's default stock scanner.

Penke's Stock Scanner

Indicator	Condition		Value
Price to Earnings Ratio (EOD)	Between	0-15	-38.192
Price to Book Ratio (EOD)	Between	0-1	4.486
Net Profit Margin (MRQ)	Greater than	0	-0.065
Operating Margin (MRQ)	Greater than	0	-0.056
Quick Ratio (MRQ)	Greater than	1	0.591
Current Ratio (MRQ)	Greater than	1	2.209
Debt to Asset Ratio (MRQ)	Less than	1	0.584
Debt to Equity Ratio (MRQ)	Less than	1	1.485
Return on Equity (MRQ)	Greater than	0.15	-0.031
Return on Assets (MRQ)	Greater than	0.05	-0.012
Total			2/10 (20.0%)

Create your own Stock Scanner

Investing is personal. The best investors buy stocks based on their own analysis. Create your personal Stock Scanner with the key performance indicators that are important to you.
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4.3. Technical Score

Let's check the technical score of Acushnet Holdings Corp based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	49.089
Ma 20	Greater than	Ma 50	63.528
Ma 50	Greater than	Ma 100	64.555
Ma 100	Greater than	Ma 200	63.592
Open	Greater than	Close	64.790
Total			3/5 (60.0%)

Create your own Symbol Scanner

Trading is personal. The best traders buy and sell based on their own technical analysis. Create your personal Symbol Scanner with the technical indicators that are important to you.
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Reversals in quarterly reports

I have detected a reversal (positive to negative, negative to positive) in the following values of the quarterly reports.

	2022-12-31		2023-03-31		2023-06-30		2023-09-30		2023-12-31
Income before Tax	3,239	111,105	114,344	-19,231	95,113	-26,815	68,298	-104,453	-36,155
Net Income	1,674	91,601	93,275	-18,620	74,655	-17,348	57,307	-84,115	-26,808
EBIT	8,606	116,298	124,904	-18,414	106,490	-28,803	77,687	-100,990	-23,303
EBITDA	19,418	117,453	136,871	-17,638	119,233	-28,739	90,494	-100,622	-10,128
Operating Income	8,606	116,298	124,904	-18,414	106,490	-27,885	78,605	-101,908	-23,303
Tax Provision	1,565	19,160	20,725	24	20,749	-9,497	11,252	-20,985	-9,733
Income Tax Expense	1,565	19,160	20,725	24	20,749	-9,497	11,252	-20,985	-9,733
Net Income from Continuing Operations	1,674	91,945	93,619	-19,255	74,364	-17,318	57,046	-83,468	-26,422

Latest Balance Sheet

Balance Sheet of 2023-12-31. Currency in USD. All numbers in thousands.

Summary

Total Assets	2,196,677
Total Liabilities	1,283,805
Total Stockholder Equity	864,235

	As reported
Total Liabilities	1,283,805
Total Stockholder Equity	+ 864,235
Total Assets	= 2,196,677

Assets

Total Assets	2,196,677
Total Current Assets	996,692
Long-term Assets	1,199,985

Total Current Assets

Total Current Assets (as reported)	996,692
Cash And Cash Equivalents	65,435
Net Receivables	201,352
Inventory	615,535
Other Current Assets	114,370
Total Current Assets (calculated)	996,692
+/-	0

Long-term Assets

Long-term Assets (as reported)	1,199,985
Property Plant Equipment	384,163
Goodwill	225,302
Intangible Assets	537,407
Long-term Assets Other	21,659
Long-term Assets (calculated)	1,168,531
+/-	31,454

Liabilities & Shareholders' Equity

Total Current Liabilities	451,135
Long-term Liabilities	832,670
Total Stockholder Equity	864,235

Total Current Liabilities

Total Current Liabilities (as reported)	451,135
Short-term Debt	48,920
Short Long Term Debt	29,348
Accounts payable	150,514
Other Current Liabilities	205,303
Total Current Liabilities (calculated)	434,085
+/-	17,050

Long-term Liabilities

Long-term Liabilities (as reported)	832,670
Long term Debt	671,819
Long-term Liabilities Other	84,137
Long-term Liabilities (calculated)	755,956
+/-	76,714

Total Stockholder Equity

Total Stockholder Equity (as reported)	864,235
Common Stock	63
Retained Earnings	159,906
Accumulated Other Comprehensive Income	-104,349
Other Stockholders Equity	808,615
Total Stockholder Equity (calculated)	864,235
+/-	0

Other

Capital Stock	63
Cash and Short Term Investments	65,435
Common Stock Shares Outstanding	64,842
Current Deferred Revenue	46,398
Liabilities and Stockholders Equity	2,196,677
Net Debt	728,652
Net Invested Capital	1,565,402
Net Working Capital	545,557
Property Plant and Equipment Gross	651,138
Short Long Term Debt Total	794,087

Balance Sheet

Currency in USD. All numbers in thousands.

Trend

2023-12-31

2023-09-30

2023-06-30

2023-03-31

2022-12-31

2022-09-30

2022-06-30

2022-03-31

2021-12-31

2021-09-30

2021-06-30

2021-03-31

2020-12-31

2020-09-30

2020-06-30

2020-03-31

2019-12-31

2019-09-30

2019-06-30

2019-03-31

2018-12-31

2018-09-30

2018-06-30

2018-03-31

2017-12-31

2017-09-30

2017-06-30

2017-03-31

2016-12-31

2016-09-30

2016-06-30

2016-03-31

2015-12-31

2015-09-30

2015-06-30

2015-03-31

2014-12-31

> Total Assets

1,762,703
0
0
0
1,758,973
1,898,674
1,782,108
1,738,640
1,736,171
1,845,327
1,752,848
1,705,560
1,727,324
1,882,888
1,779,298
1,714,837
1,691,621
1,877,290
1,807,437
1,820,967
1,817,049
1,887,699
1,897,719
1,839,086
1,866,555
1,968,882
2,066,692
2,075,225
2,005,836
2,085,803
2,096,147
2,101,361
2,193,807
2,453,013
2,330,928
2,210,567
2,196,677

2,196,677

2,210,567

2,330,928

2,453,013

2,193,807

2,101,361

2,096,147

2,085,803

2,005,836

2,075,225

2,066,692

1,968,882

1,866,555

1,839,086

1,897,719

1,887,699

1,817,049

1,820,967

1,807,437

1,877,290

1,691,621

1,714,837

1,779,298

1,882,888

1,727,324

1,705,560

1,752,848

1,845,327

1,736,171

1,738,640

1,782,108

1,898,674

1,758,973

1,762,703

> Total Current Assets

636,791
0
0
0
671,523
822,603
722,342
676,412
664,531
789,852
713,844
673,666
687,076
847,136
763,776
709,814
664,001
812,635
764,693
765,094
742,818
829,478
838,740
787,102
799,807
923,062
1,033,560
1,047,965
969,176
1,054,942
1,070,223
1,083,023
1,059,076
1,266,247
1,151,553
1,033,521
996,692

996,692

1,033,521

1,151,553

1,266,247

1,059,076

1,083,023

1,070,223

1,054,942

969,176

1,047,965

1,033,560

923,062

799,807

787,102

838,740

829,478

742,818

765,094

764,693

812,635

664,001

709,814

763,776

847,136

687,076

673,666

713,844

789,852

664,531

676,412

722,342

822,603

671,523

636,791

Cash And Cash Equivalents

47,667
0
0
0
54,409
65,719
50,752
85,673
76,058
72,738
80,897
73,191
47,722
48,370
47,678
57,992
31,014
44,877
42,966
54,207
34,184
55,924
111,029
110,503
151,452
113,047
251,251
320,506
281,677
114,402
109,092
108,457
58,904
57,284
62,541
56,766
65,435

65,435

56,766

62,541

57,284

58,904

108,457

109,092

114,402

281,677

320,506

251,251

113,047

151,452

110,503

111,029

55,924

34,184

54,207

42,966

44,877

31,014

57,992

47,678

48,370

47,722

73,191

80,897

72,738

76,058

85,673

50,752

65,719

54,409

47,667

Short-term Investments

6,100
0
0
0
4,725
0
4,920
3,195
3,082
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
344
923
997
0

997

923

344

3,082

3,195

4,920

4,725

6,100

Net Receivables

197,677
0
0
0
192,384
346,599
303,885
208,285
177,506
321,440
264,866
209,437
190,851
348,516
307,854
241,488
186,114
333,929
306,399
273,877
215,428
309,196
271,643
268,231
201,518
387,507
377,922
300,331
174,435
377,252
386,260
324,096
216,695
435,385
394,886
335,821
201,352

201,352

335,821

394,886

435,385

216,695

324,096

386,260

377,252

174,435

300,331

377,922

387,507

201,518

268,231

271,643

309,196

215,428

273,877

306,399

333,929

186,114

241,488

307,854

348,516

190,851

209,437

264,866

321,440

177,506

208,285

303,885

346,599

192,384

197,677

Inventory

291,141
0
0
0
326,359
316,919
275,043
298,824
323,289
314,155
294,936
320,974
363,962
363,328
317,422
324,968
361,207
346,399
324,588
348,866
398,368
364,935
363,785
318,356
357,682
330,165
300,324
325,488
413,314
448,780
467,388
536,742
674,684
639,123
562,328
528,730
615,535

615,535

528,730

562,328

639,123

674,684

536,742

467,388

448,780

413,314

325,488

300,324

330,165

357,682

318,356

363,785

364,935

398,368

348,866

324,588

346,399

361,207

324,968

317,422

363,328

363,962

320,974

294,936

314,155

323,289

298,824

275,043

316,919

326,359

291,141

Other Current Assets

94,206
0
0
0
93,646
88,548
87,742
80,435
84,596
81,519
73,145
70,064
84,541
86,922
90,822
85,366
85,666
87,430
90,740
88,144
94,838
99,423
92,283
90,012
89,155
92,343
104,063
101,640
99,750
114,508
107,483
113,728
108,793
134,455
131,798
112,204
114,370

114,370

112,204

131,798

134,455

108,793

113,728

107,483

114,508

99,750

101,640

104,063

92,343

89,155

90,012

92,283

99,423

94,838

88,144

90,740

87,430

85,666

85,366

90,822

86,922

84,541

70,064

73,145

81,519

84,596

80,435

87,742

88,548

93,646

94,206

> Long-term Assets

0
0
0
0
1,087,450
1,076,071
1,059,766
1,062,228
1,071,640
1,055,475
1,039,004
1,031,894
1,040,248
1,035,752
1,015,522
1,005,023
1,027,620
1,064,655
1,042,744
1,055,873
1,074,231
1,058,221
1,058,979
1,051,984
1,066,748
1,045,820
1,033,132
1,027,260
1,036,660
1,030,861
1,025,924
1,018,338
1,134,731
1,186,766
1,179,375
1,177,046
1,199,985

1,199,985

1,177,046

1,179,375

1,186,766

1,134,731

1,018,338

1,025,924

1,030,861

1,036,660

1,027,260

1,033,132

1,045,820

1,066,748

1,051,984

1,058,979

1,058,221

1,074,231

1,055,873

1,042,744

1,064,655

1,027,620

1,005,023

1,015,522

1,035,752

1,040,248

1,031,894

1,039,004

1,055,475

1,071,640

1,062,228

1,059,766

1,076,071

1,087,450

Property Plant Equipment

266,592
0
0
0
254,894
249,281
245,416
242,343
239,748
234,401
232,663
228,381
228,922
225,257
224,523
223,852
228,388
223,824
221,035
222,499
231,575
226,085
223,305
219,744
222,811
220,616
219,379
217,757
231,761
230,006
229,738
236,240
254,472
260,403
267,284
275,007
384,163

384,163

275,007

267,284

260,403

254,472

236,240

229,738

230,006

231,761

217,757

219,379

220,616

222,811

219,744

223,305

226,085

231,575

222,499

221,035

223,824

228,388

223,852

224,523

225,257

228,922

228,381

232,663

234,401

239,748

242,343

245,416

249,281

254,894

266,592

Goodwill

187,580
0
0
0
181,179
183,216
184,419
185,005
179,241
182,136
182,434
185,092
185,941
188,750
185,122
184,784
209,671
210,177
209,564
210,877
214,056
209,920
213,112
215,059
215,186
213,555
213,541
211,936
210,431
208,797
204,537
199,744
224,814
225,352
224,297
222,678
225,302

225,302

222,678

224,297

225,352

224,814

199,744

204,537

208,797

210,431

211,936

213,541

213,555

215,186

215,059

213,112

209,920

214,056

210,877

209,564

210,177

209,671

184,784

185,122

188,750

185,941

185,092

182,434

182,136

179,241

185,005

184,419

183,216

181,179

187,580

Long Term Investments

0
0
0
0
0
0
0
0
0
0
0
0
0
0
158
348
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

348

158

Intangible Assets

696,992
0
0
0
499,494
497,328
495,099
492,792
489,988
487,894
485,616
483,511
481,234
480,043
477,451
475,799
478,257
476,556
474,761
482,852
480,794
478,579
476,990
475,195
473,533
471,394
469,438
467,380
465,341
463,267
461,021
458,824
525,903
547,859
544,334
540,728
537,407

537,407

540,728

544,334

547,859

525,903

458,824

461,021

463,267

465,341

467,380

469,438

471,394

473,533

475,195

476,990

478,579

480,794

482,852

474,761

476,556

478,257

475,799

477,451

480,043

481,234

483,511

485,616

487,894

489,988

492,792

495,099

497,328

499,494

696,992

Long-term Assets Other

0
0
0
0
19,618
20,829
21,903
24,852
32,247
30,959
31,907
30,662
33,833
35,129
35,302
35,709
33,276
82,339
77,938
76,329
77,265
75,233
72,761
74,163
75,158
73,558
74,125
71,601
68,313
73,551
77,417
72,373
80,650
118,621
119,384
116,905
21,659

21,659

116,905

119,384

118,621

80,650

72,373

77,417

73,551

68,313

71,601

74,125

73,558

75,158

74,163

72,761

75,233

77,265

76,329

77,938

82,339

33,276

35,709

35,302

35,129

33,833

30,662

31,907

30,959

32,247

24,852

21,903

20,829

19,618

Deferred Long Term Asset Charges

0
0
0
0
0
0
0
0
130,416
120,085
106,384
104,248
110,318
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

110,318

104,248

106,384

120,085

130,416

> Total Liabilities

1,442,747
0
0
0
1,434,431
1,551,155
1,050,206
1,317,125
967,348
1,044,445
921,564
862,892
879,932
996,819
872,132
801,247
764,637
930,653
849,400
853,396
865,416
968,589
964,432
845,825
849,176
882,805
905,119
899,161
922,270
973,878
986,014
1,050,786
1,210,441
1,420,195
1,268,023
1,236,661
1,283,805

1,283,805

1,236,661

1,268,023

1,420,195

1,210,441

1,050,786

986,014

973,878

922,270

899,161

905,119

882,805

849,176

845,825

964,432

968,589

865,416

853,396

849,400

930,653

764,637

801,247

872,132

996,819

879,932

862,892

921,564

1,044,445

967,348

1,317,125

1,050,206

1,551,155

1,434,431

1,442,747

> Total Current Liabilities

346,853
0
0
0
755,591
1,015,077
871,829
459,128
462,108
446,680
327,743
291,350
306,783
430,169
340,484
326,683
294,867
430,003
356,066
393,316
359,118
466,387
465,376
363,154
357,679
398,797
422,813
442,679
483,024
535,904
548,201
498,813
548,625
464,327
455,999
856,197
451,135

451,135

856,197

455,999

464,327

548,625

498,813

548,201

535,904

483,024

442,679

422,813

398,797

357,679

363,154

465,376

466,387

359,118

393,316

356,066

430,003

294,867

326,683

340,484

430,169

306,783

291,350

327,743

446,680

462,108

459,128

871,829

1,015,077

755,591

346,853

Short-term Debt

49,363
0
0
0
441,704
552,773
422,328
27,581
61,245
193,062
99,372
38,077
47,083
164,937
69,872
50,192
36,545
177,229
77,786
95,099
71,623
192,309
198,119
57,938
20,310
42,196
38,985
18,089
17,616
114,818
106,528
27,532
40,336
44,555
38,813
379,186
48,920

48,920

379,186

38,813

44,555

40,336

27,532

106,528

114,818

17,616

18,089

38,985

42,196

20,310

57,938

198,119

192,309

71,623

95,099

77,786

177,229

36,545

50,192

69,872

164,937

47,083

38,077

99,372

193,062

61,245

27,581

422,328

552,773

441,704

49,363

Short Long Term Debt

49,363
0
0
0
402,640
0
0
0
18,750
630,494
530,870
23,750
26,719
29,688
32,980
35,734
36,151
177,229
77,786
95,099
71,623
192,309
198,119
57,938
20,310
42,196
38,985
18,089
17,616
114,818
106,528
27,532
40,336
44,555
38,813
379,186
29,348

29,348

379,186

38,813

44,555

40,336

27,532

106,528

114,818

17,616

18,089

38,985

42,196

20,310

57,938

198,119

192,309

71,623

95,099

77,786

177,229

36,151

35,734

32,980

29,688

26,719

23,750

530,870

630,494

18,750

402,640

49,363

Accounts payable

94,028
0
0
0
89,869
98,643
84,521
89,530
87,608
95,388
78,669
91,085
92,759
91,447
89,606
91,063
86,045
88,730
94,050
92,444
102,335
96,013
76,851
94,867
112,867
125,865
126,644
138,535
163,607
187,642
190,115
178,015
166,998
161,300
131,257
136,777
150,514

150,514

136,777

131,257

161,300

166,998

178,015

190,115

187,642

163,607

138,535

126,644

125,865

112,867

94,867

76,851

96,013

102,335

92,444

94,050

88,730

86,045

91,063

89,606

91,447

92,759

91,085

78,669

95,388

87,608

89,530

84,521

98,643

89,869

94,028

Other Current Liabilities

140,228
0
0
0
194,586
331,054
335,341
313,915
182,839
125,765
124,928
140,565
56,623
136,494
152,290
160,627
94,249
133,769
161,333
177,764
114,619
145,318
156,114
179,018
144,442
176,161
198,005
223,187
240,987
233,444
198,347
246,293
293,740
258,472
417,186,000
477,011
205,303

205,303

477,011

417,186,000

258,472

293,740

246,293

198,347

233,444

240,987

223,187

198,005

176,161

144,442

179,018

156,114

145,318

114,619

177,764

161,333

133,769

94,249

160,627

152,290

136,494

56,623

140,565

124,928

125,765

182,839

313,915

335,341

331,054

194,586

140,228

> Long-term Liabilities

0
0
0
0
678,840
536,078
178,377
857,997
505,240
597,765
593,821
571,542
573,149
566,650
531,648
474,564
469,770
500,650
493,334
460,080
506,298
502,202
499,056
482,671
491,497
484,008
482,306
456,482
439,246
437,974
437,813
551,973
661,816
955,868
812,024
380,464
832,670

832,670

380,464

812,024

955,868

661,816

551,973

437,813

437,974

439,246

456,482

482,306

484,008

491,497

482,671

499,056

502,202

506,298

460,080

493,334

500,650

469,770

474,564

531,648

566,650

573,149

571,542

593,821

597,765

505,240

857,997

178,377

536,078

678,840

Long term Debt Total

0
0
0
0
0
0
0
0
348,348
437,432
431,498
425,719
416,970
408,259
374,320
355,633
346,953
338,274
329,594
320,914
330,701
326,674
322,427
317,908
313,619
309,524
305,346
301,038
297,354
293,280
288,926
406,728
527,509
784,573
642,717
0
0

642,717

784,573

527,509

406,728

288,926

293,280

297,354

301,038

305,346

309,524

313,619

317,908

322,427

326,674

330,701

320,914

329,594

338,274

346,953

355,633

374,320

408,259

416,970

425,719

431,498

437,432

348,348

Deferred Long Term Asset Charges

0
0
0
0
0
0
0
0
130,416
120,085
106,384
104,248
110,318
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

110,318

104,248

106,384

120,085

130,416

Warrants

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
344
807
546
316
475
126
97
1,521
1,386
3,299
3,229
4,306
4,322
6,663
7,670
7,688
0
0

7,688

7,670

6,663

4,322

4,306

3,229

3,299

1,386

1,521

126

475

316

546

807

344

Long-term Liabilities Other

0
0
0
0
0
0
0
0
149,440
152,800
156,054
139,930
146,861
149,103
147,623
108,821
118,182
53,539
52,406
51,074
51,908
51,813
49,480
160,162
174,057
170,687
50,558
151,117
136,942
139,708
144,001
140,023
128,411
165,549
163,664
84,600
84,137

84,137

84,600

163,664

165,549

128,411

140,023

144,001

139,708

136,942

151,117

50,558

170,687

174,057

160,162

49,480

51,813

51,908

51,074

52,406

53,539

118,182

108,821

147,623

149,103

146,861

139,930

156,054

152,800

149,440

Deferred Long Term Liability

0
0
0
0
0
0
0
0
7,452
7,533
6,269
5,893
9,318
9,288
9,705
10,110
4,635
4,611
4,633
4,663
4,837
4,010
4,447
4,601
3,821
3,797
3,751
4,327
4,950
4,986
4,886
5,222
5,896
5,746
5,643
0
0

5,643

5,746

5,896

5,222

4,886

4,986

4,950

4,327

3,751

3,797

3,821

4,601

4,447

4,010

4,837

4,663

4,633

4,611

4,635

10,110

9,705

9,288

9,318

5,893

6,269

7,533

7,452

> Total Stockholder Equity

287,623
0
0
0
291,287
312,734
699,694
388,183
735,865
768,808
798,188
810,656
814,728
854,199
878,884
885,022
894,872
913,412
926,251
936,807
919,247
886,200
898,543
961,984
984,075
1,050,959
1,124,691
1,139,599
1,042,844
1,070,393
1,071,173
1,010,005
939,056
987,122
1,017,219
928,366
864,235

864,235

928,366

1,017,219

987,122

939,056

1,010,005

1,071,173

1,070,393

1,042,844

1,139,599

1,124,691

1,050,959

984,075

961,984

898,543

886,200

919,247

936,807

926,251

913,412

894,872

885,022

878,884

854,199

814,728

810,656

798,188

768,808

735,865

388,183

699,694

312,734

291,287

287,623

Common Stock

18
0
0
0
22
2
71
25
74
74
74
74
74
75
75
75
75
76
76
76
76
76
76
76
76
76
76
76
76
76
76
76
76
77
77
77
63

Retained Earnings Total Equity

0
0
0
0
0
0
0
0
-53,951
-24,989
-1,122
-950
1,618
37,816
67,806
64,915
72,946
97,090
124,827
143,898
151,039
148,181
138,733
190,159
199,776
271,967
338,633
365,205
324,966
392,538
444,592
483,237
473,130
552,596
613,584
0
0

613,584

552,596

473,130

483,237

444,592

392,538

324,966

365,205

338,633

271,967

199,776

190,159

138,733

148,181

151,039

143,898

124,827

97,090

72,946

64,915

67,806

37,816

1,618

-950

-1,122

-24,989

-53,951

Accumulated Other Comprehensive Income

-104,349

-122,770

-114,345

-113,679

-109,668

-145,079

-122,700

-104,527

-99,582

-102,365

-96,245

-98,160

-96,182

-103,227

-111,573

-129,659

-112,028

-94,650

-91,647

-85,503

-89,039

-86,075

-90,435

-80,142

-81,691

-79,717

-88,338

-89,797

-90,834

-73,001

-74,350

-70,467

-67,234

Capital Surplus

0
0
0
0
0
0
0
0
880,576
883,520
887,574
891,249
894,727
896,450
901,438
906,107
910,890
901,749
905,351
907,957
910,507
912,162
916,097
919,607
925,385
926,809
934,919
941,771
948,423
943,239
949,206
954,926
960,685
956,834
965,446
0
0

965,446

956,834

960,685

954,926

949,206

943,239

948,423

941,771

934,919

926,809

925,385

919,607

916,097

912,162

910,507

907,957

905,351

901,749

910,890

906,107

901,438

896,450

894,727

891,249

887,574

883,520

880,576

Treasury Stock

-160,933

-131,039

-66,474

-54,213

-49,830

-45,106

-31,154

-20,818

-12,356

Other Stockholders Equity

-41,058
0
0
0
309,110
309,130
803,551
379,729
880,576
883,520
887,574
891,249
894,727
896,450
901,438
906,107
910,890
901,749
892,995
887,139
879,353
867,056
870,991
874,501
880,279
876,979
880,706
875,297
814,085
782,306
749,205
671,771
575,518
548,128
517,903
393,266
808,615

808,615

393,266

517,903

548,128

575,518

671,771

749,205

782,306

814,085

875,297

880,706

876,979

880,279

874,501

870,991

867,056

879,353

887,139

892,995

901,749

910,890

906,107

901,438

896,450

894,727

891,249

887,574

883,520

880,576

379,729

803,551

309,130

309,110

-41,058

Balance Sheet

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31	2012-12-31
Accounts Payable	150,514	166,998	163,607	112,867	102,335	86,045	92,759	87,608	89,869	94,028	0	-
Accumulated Amortization	0	0	0	0	0	0	0	0	0	0	0	-
Accumulated Depreciation	0	0	0	0	0	0	0	0	0	0	0	-
Accumulated Other Comprehensive Income	-104,349	-109,668	-99,582	-96,182	-112,028	-89,039	-81,691	-90,834	-67,234	-41,058	0	-
Additional Paid In Capital	0	0	0	0	0	0	894,727	0	0	0	0	-
Capital Lease Obligations	0	0	0	0	0	0	0	0	0	0	0	-
Capital Stock	63	76	3,375	202	883	75	0	0	0	0	0	-
Capital Surpluse	0	960,685	948,423	925,385	910,507	910,890	894,727	880,576	309,130	0	0	-
Cash	65,435	58,904	281,677	151,452	34,184	31,014	47,722	76,058	54,409	47,667	0	-
Cash And Equivalents	0	0	0	0	0	0	0	0	0	0	0	-
Cash And Short Term Investments	65,435	58,904	281,677	151,452	34,184	31,014	47,722	76,058	54,409	47,667	0	-
Common Stock	63	76	76	76	76	75	74	74	22	18	0	-
Common Stock Shares Outstanding	67,517	72,560	75,265	75,061	75,760	74,760	74,591	64,324	70,992	16,717	70,992	13,000
Common Stock Total Equity	0	76	76	76	76	75	74	74	22	18	0	-
Current Deferred Revenue	46,398	47,551	0	80,060	0	38,268	34,310	41,962	29,432	31,435	0	-
Deferred Long Term Asset Charges	0	0	0	0	0	0	110,318	130,416	0	0	0	-
Deferred Long Term Liab	0	5,896	4,950	3,821	4,837	4,635	9,318	7,452	0	0	0	-
Earning Assets	0	0	0	0	0	0	0	0	0	0	0	-
Good Will	225,302	224,814	210,431	215,186	214,056	209,671	185,941	179,241	181,179	187,580	0	-
Intangible Assets	537,407	525,903	465,341	473,533	480,794	478,257	481,234	489,988	499,494	509,412	0	-
Inventory	615,535	674,684	413,314	357,682	398,368	361,207	363,962	323,289	326,359	291,141	0	-
Liabilities And Stockholders Equity	2,196,677	2,193,807	2,005,836	1,866,555	1,817,049	1,691,621	1,727,324	1,736,171	1,758,973	1,762,703	0	-
Long Term Debt	671,819	527,509	297,354	313,619	330,701	346,953	416,970	348,348	393,030	824,179	0	-
Long Term Debt Total	0	527,509	297,354	313,619	330,701	346,953	416,970	348,348	394,511	0	0	-
Long Term Investments	0	0	0	0	0	0	0	0	0	0	0	-
Negative Goodwill	0	0	0	0	0	0	0	0	0	0	0	-
Net Debt	728,652	508,941	33,293	182,477	368,140	352,484	416,331	333,535	781,806	857,674	0	-
Net Invested Capital	1,565,402	1,506,901	1,357,814	1,317,878	1,320,764	1,278,370	1,278,781	0	0	0	0	-
Net Receivables	201,352	216,695	174,435	201,518	215,428	186,114	190,851	177,506	192,384	197,677	0	-
Net Tangible Assets	0	195,002	367,072	295,356	223,590	206,944	136,672	66,636	-520,422	-540,405	0	-
Net Working Capital	545,557	510,451	486,152	442,128	383,700	369,134	380,293	202,423	-84,068	289,938	0	-
Non Current Assets Total	1,199,985	1,134,731	1,036,660	1,066,748	1,074,231	1,027,620	1,040,248	1,071,640	1,087,450	1,125,912	0	-
Non Current Liabilities Other	84,137	128,411	136,942	174,057	51,908	16,105	16,701	14,101	0	0	0	-
Non Current Liabilities Total	832,670	661,816	439,246	491,497	506,298	469,770	573,149	505,240	678,840	1,095,894	0	-
Non Currrent Assets Other	21,659	80,650	66,822	75,128	66,656	33,276	33,833	32,247	19,618	31,216	0	-
Noncontrolling Interest In Consolidated Entity	0	37,647	37,423	33,304	32,386	32,112	32,664	32,958	0	0	0	-
Other Assets	0	71,956	129,127	155,218	103,399	111,304	133,270	162,663	151,883	162,328	0	-
Other Current Assets	114,370	108,793	99,750	89,155	94,838	85,666	84,541	84,596	93,646	94,206	0	-
Other Current Liab	205,303	293,740	301,801	224,502	185,160	134,009	132,631	271,293	194,586	140,228	0	-
Other Liab	0	89,477	141,892	177,878	140,671	121,892	156,179	156,892	284,329	264,954	0	-
Other Stockholder Equity	808,615	575,518	814,085	880,279	879,353	910,890	894,727	880,576	309,110	264,561	0	-
Preferred Stock Redeemable	0	0	0	0	0	0	0	0	0	0	0	-
Preferred Stock Total Equity	0	0	0	0	0	0	131,036	0	131,036	131,036	0	-
Property Plant And Equipment Gross	651,138	579,743	529,899	222,811	231,575	228,388	228,922	239,748	254,894	266,592	0	-
Property Plant And Equipment Net	384,163	254,472	231,761	222,811	231,575	228,388	228,922	239,748	254,894	266,592	0	-
Property Plant Equipment	0	312,058	231,761	222,811	275,982	228,388	228,922	239,748	254,894	266,592	0	-
Retained Earnings	159,906	473,130	324,966	199,776	151,039	72,946	1,618	-53,951	-81,647	-66,934	0	-
Retained Earnings Total Equity	0	473,130	324,966	199,776	151,039	72,946	1,618	-53,951	0	0	0	-
Short Long Term Debt	29,348	40,336	17,616	20,310	71,623	36,545	47,083	61,245	402,640	49,363	0	-
Short Long Term Debt Total	794,087	567,845	314,970	333,929	402,324	383,498	464,053	409,593	836,215	905,341	0	-
Short Term Debt	48,920	40,336	17,616	20,310	71,623	36,545	47,083	61,245	441,704	81,162	0	-
Short Term Investments	0	0	0	0	0	0	0	3,082	4,725	6,100	0	-
Temporary Equity Redeemable Noncontrolling Interests	0	0	0	0	0	0	0	0	0	0	0	-
Total Assets	2,196,677	2,193,807	2,005,836	1,866,555	1,817,049	1,691,621	1,727,324	1,736,171	1,758,973	1,762,703	0	-
Total Current Assets	996,692	1,059,076	969,176	799,807	742,818	664,001	687,076	664,531	671,523	636,791	0	-
Total Current Liabilities	451,135	548,625	483,024	357,679	359,118	294,867	306,783	462,108	755,591	346,853	0	-
Total Liab	1,283,805	1,210,441	922,270	849,176	865,416	764,637	879,932	967,348	1,434,431	1,442,747	0	-
Total Permanent Equity	0	0	0	0	0	0	0	0	0	0	0	-
Total Stockholder Equity	864,235	939,056	1,042,844	984,075	919,247	894,872	814,728	735,865	291,287	287,623	0	-
Treasury Stock	0	0	-131,039	-45,106	-31,154	0	0	0	0	0	0	-
Warrants	0	6,663	3,299	126	807	0	0	0	0	0	0	-

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31
Accounts Payable	150,514	136,777	131,257	161,300	166,998	178,015	190,115	187,642	163,607	138,535	126,644	125,865	112,867	94,867	76,851	96,013	102,335	92,444	94,050	88,730	86,045	91,063	89,606	91,447	92,759	91,085	78,669	95,388	87,608	89,530	84,521	98,643	89,869	0	0	0	94,028
Accumulated Amortization	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accumulated Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accumulated Other Comprehensive Income	-104,349	-122,770	-114,345	-113,679	-109,668	-145,079	-122,700	-104,527	-99,582	-102,365	-96,245	-98,160	-96,182	-103,227	-111,573	-129,659	-112,028	-94,650	-91,647	-85,503	-89,039	-86,075	-90,435	-80,142	-81,691	-79,717	-88,338	-89,797	-90,834	-73,001	-74,350	-70,467	-67,234	0	0	0	0
Additional Paid In Capital	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	906,107	901,438	896,450	894,727	891,249	887,574	883,520	0	0	0	0	0	0	0	0	0
Capital Lease Obligations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Stock	63	77	77	77	76	76	76	76	3,375	1,462	1,597	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Capital Surpluse	0	0	965,446	956,834	960,685	954,926	949,206	943,239	948,423	941,771	934,919	926,809	925,385	919,607	916,097	912,162	910,507	907,957	905,351	901,749	910,890	906,107	901,438	896,450	894,727	891,249	887,574	883,520	880,576	0	0	0	0	0	0	0	0
Cash	65,435	56,766	62,541	57,284	58,904	108,457	109,092	114,402	281,677	320,506	251,251	113,047	151,452	110,503	111,029	55,924	34,184	54,207	42,966	44,877	31,014	57,992	47,678	48,370	47,722	73,191	80,897	72,738	76,058	85,673	50,752	65,719	54,409	0	0	0	47,667
Cash And Equivalents	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cash And Short Term Investments	65,435	56,766	62,541	57,284	58,904	108,457	109,092	114,402	281,677	320,506	251,251	113,047	151,452	110,503	111,029	55,924	34,184	54,207	42,966	44,877	31,014	57,992	47,678	48,370	47,722	73,191	80,897	72,738	76,058	85,673	50,752	65,719	54,409	0	0	0	0
Common Stock	63	77	77	77	76	76	76	76	76	76	76	76	76	76	76	76	76	76	76	76	75	75	75	75	74	74	74	74	74	25	71	2	22	0	0	0	18
Common Stock Shares Outstanding	64,842	67,343	68,649	68,646	69,755	72,334	73,392	73,923	74,180	75,301	75,201	75,255	75,191	75,083	74,875	75,100	75,379	75,552	75,858	76,264	74,760	75,868	75,029	74,794	74,650	74,703	74,581	74,250	74,094	74,094	70,992	70,992	70,988	70,992	7,888	7,888	0
Common Stock Total Equity	0	0	77	77	76	76	76	76	76	76	76	76	76	76	76	76	76	76	76	76	75	75	75	75	74	74	74	74	74	25	71	2	22	0	0	0	0
Current Deferred Revenue	46,398	-136,777	-416,900,071	0	47,551	46,973	53,211	0	60,814	62,868	59,179	54,575	80,060	31,331	34,292	32,747	70,541	28,009	22,897	30,275	78,028	24,801	28,716	37,291	110,318	21,623	24,774	32,465	130,416	28,102	29,639	32,607	29,432	0	0	0	0
Deferred Long Term Asset Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	110,318	104,248	106,384	120,085	130,416	0	0	0	0	0	0	0	0
Deferred Long Term Liab	0	0	5,643	5,746	5,896	5,222	4,886	4,986	4,950	4,327	3,751	3,797	3,821	4,601	4,447	4,010	4,837	4,663	4,633	4,611	4,635	10,110	9,705	9,288	9,318	5,893	6,269	7,533	7,452	0	0	0	0	0	0	0	0
Earning Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Good Will	225,302	222,678	224,297	225,352	224,814	199,744	204,537	208,797	210,431	211,936	213,541	213,555	215,186	215,059	213,112	209,920	214,056	210,877	209,564	210,177	209,671	184,784	185,122	188,750	185,941	185,092	182,434	182,136	179,241	185,005	184,419	183,216	181,179	0	0	0	187,580
Intangible Assets	537,407	540,728	544,334	547,859	525,903	458,824	461,021	463,267	465,341	467,380	469,438	471,394	473,533	475,195	476,990	478,579	480,794	482,852	474,761	476,556	478,257	475,799	477,451	480,043	481,234	483,511	485,616	487,894	489,988	492,792	495,099	497,328	499,494	0	0	0	696,992
Inventory	615,535	528,730	562,328	639,123	674,684	536,742	467,388	448,780	413,314	325,488	300,324	330,165	357,682	318,356	363,785	364,935	398,368	348,866	324,588	346,399	361,207	324,968	317,422	363,328	363,962	320,974	294,936	314,155	323,289	298,824	275,043	316,919	326,359	0	0	0	291,141
Liabilities And Stockholders Equity	2,196,677	2,210,567	2,330,928	2,453,013	2,193,807	2,101,361	2,096,147	2,085,803	2,005,836	2,075,225	2,066,692	1,968,882	1,866,555	1,839,086	1,897,719	1,887,699	1,817,049	1,820,967	1,807,437	1,877,290	1,691,621	1,714,837	1,779,298	1,882,888	1,727,324	1,705,560	1,752,848	1,845,327	1,736,171	1,738,640	1,782,108	1,898,674	1,758,973	0	0	0	0
Long Term Debt	671,819	213,623	642,717	784,573	527,509	406,728	288,926	293,280	297,354	301,038	305,346	309,524	313,619	317,908	322,427	326,674	330,701	320,914	329,594	338,274	347,878	355,633	374,320	408,259	416,970	425,719	431,498	437,432	348,348	720,700	394,632	0	394,511	0	0	0	824,179
Long Term Debt Total	0	0	642,717	784,573	527,509	406,728	288,926	293,280	297,354	301,038	305,346	309,524	313,619	317,908	322,427	326,674	330,701	320,914	329,594	338,274	346,953	355,633	374,320	408,259	416,970	425,719	431,498	437,432	348,348	0	0	0	0	0	0	0	0
Long Term Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	348	158	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Negative Goodwill	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Debt	728,652	536,043	618,989	771,844	508,941	325,803	286,362	293,696	33,293	-1,379	93,080	238,673	182,477	265,343	409,517	463,059	368,140	361,806	364,414	470,626	352,484	347,833	396,514	524,826	416,331	390,605	449,973	557,756	333,535	662,608	403,718	881,763	781,806	0	0	0	0
Net Invested Capital	1,565,402	1,521,175	1,698,749	1,816,250	1,506,901	1,444,265	1,466,627	1,478,491	1,357,814	1,457,340	1,467,501	1,402,582	1,317,878	1,337,355	1,418,773	1,404,637	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Net Receivables	201,352	335,821	394,886	435,385	216,695	324,096	386,260	377,252	174,435	300,331	377,922	387,507	201,518	268,231	271,643	309,196	215,428	273,877	306,399	333,929	186,114	241,488	307,854	348,516	190,851	209,437	264,866	321,440	177,506	208,285	303,885	346,599	192,384	0	0	0	197,677
Net Tangible Assets	0	164,960	256,276	221,581	195,002	355,759	405,615	401,558	367,072	460,283	440,191	366,010	295,356	271,730	208,125	197,155	223,590	242,734	241,926	226,679	206,944	224,439	216,311	185,406	147,553	142,053	130,138	98,778	66,636	0	0	0	-520,422	0	0	0	-540,405
Net Working Capital	545,557	177,324	695,554	801,920	510,451	584,210	522,022	519,038	486,152	605,286	610,747	524,265	442,128	423,948	373,364	363,091	383,700	371,778	408,627	382,632	369,134	383,131	423,292	416,967	380,293	382,316	386,101	343,172	202,423	217,284	-149,487	-192,474	-84,068	0	0	0	289,938
Non Current Assets Total	1,199,985	1,177,046	1,179,375	1,186,766	1,134,731	1,018,338	1,025,924	1,030,861	1,036,660	1,027,260	1,033,132	1,045,820	1,066,748	1,051,984	1,058,979	1,058,221	1,074,231	1,055,873	1,042,744	1,064,655	1,027,620	1,005,023	1,015,522	1,035,752	1,040,248	1,031,894	1,039,004	1,055,475	1,071,640	1,062,228	1,059,766	1,076,071	1,087,450	0	0	0	0
Non Current Liabilities Other	84,137	84,600	163,664	165,549	128,411	140,023	144,001	139,708	136,942	151,117	50,558	170,687	174,057	160,162	49,480	51,813	51,908	51,074	52,406	53,539	118,182	108,821	147,623	149,103	146,861	139,930	156,054	152,800	149,440	0	0	0	0	0	0	0	0
Non Current Liabilities Total	832,670	380,464	812,024	955,868	661,816	551,973	437,813	437,974	439,246	456,482	482,306	484,008	491,497	482,671	499,056	502,202	506,298	460,080	493,334	500,650	469,770	474,564	531,648	566,650	573,149	571,542	593,821	597,765	505,240	857,997	178,377	536,078	678,840	0	0	0	0
Non Currrent Assets Other	21,659	116,905	119,384	118,621	80,650	72,373	77,417	73,551	68,313	71,601	74,125	73,558	75,158	74,163	72,761	75,233	77,265	76,329	77,938	82,339	33,276	35,709	35,302	35,129	33,833	30,662	31,907	30,959	32,247	24,852	21,903	20,829	19,618	0	0	0	0
Noncontrolling Interest In Consolidated Entity	0	0	37,998	38,026	37,647	36,248	34,654	38,303	37,423	36,465	36,882	35,118	33,304	31,277	34,744	32,910	32,386	30,764	31,786	33,225	32,112	28,568	28,282	31,870	32,664	32,012	33,096	32,074	32,958	0	0	0	0	0	0	0	0
Other Assets	0	138,458	143,350	0	71,956	123,530	130,628	128,791	129,127	130,187	130,774	140,255	155,218	141,986	145,572	143,637	103,399	96,338	92,711	106,044	111,304	120,240	128,268	141,702	811,326	803,513	806,341	821,074	831,892	819,885	814,350	0	832,556	0	0	0	859,320
Other Current Assets	114,370	112,204	131,798	134,455	108,793	113,728	107,483	114,508	99,750	101,640	104,063	92,343	89,155	90,012	92,283	99,423	94,838	88,144	90,740	87,430	85,666	85,366	90,822	86,922	84,541	70,064	73,145	81,519	84,596	80,435	87,742	88,548	93,646	0	0	0	94,206
Other Current Liab	205,303	477,011	417,186,000	258,472	293,740	246,293	198,347	233,444	240,987	223,187	198,005	176,161	144,442	179,018	156,114	145,318	114,619	177,764	161,333	133,769	94,249	160,627	152,290	136,494	56,623	140,565	124,928	125,765	182,839	313,915	335,341	331,054	194,586	0	0	0	140,228
Other Liab	0	84,292	82,500	0	89,477	145,245	148,887	98,807	141,892	155,444	176,960	174,484	177,878	164,763	176,629	174,917	140,671	104,378	127,868	124,717	121,892	118,931	157,328	158,391	146,861	139,930	156,054	152,800	149,440	130,893	139,940	0	277,217	0	0	0	264,954
Other Stockholder Equity	808,615	393,266	517,903	548,128	575,518	671,771	749,205	782,306	814,085	875,297	880,706	876,979	880,279	874,501	870,991	867,056	879,353	887,139	892,995	901,749	910,890	906,107	901,438	896,450	894,727	891,249	887,574	883,520	880,576	379,729	803,551	309,130	309,110	0	0	0	-41,058
Preferred Stock Redeemable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Preferred Stock Total Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	131,036	0	0	0	0	131,036	131,036	0	131,036	0	0	0	131,036
Property Plant And Equipment Gross	651,138	0	276,897	0	579,743	246,407	0	0	0	0	219,379	220,616	222,811	219,744	223,305	226,085	231,575	222,499	221,035	223,824	228,388	223,852	224,523	225,257	228,922	228,381	232,663	234,401	239,748	242,343	245,416	249,281	254,894	0	0	0	0
Property Plant And Equipment Net	384,163	275,007	267,284	260,403	254,472	236,240	229,738	230,006	231,761	217,757	219,379	220,616	222,811	219,744	223,305	226,085	231,575	222,499	221,035	223,824	228,388	223,852	224,523	225,257	228,922	228,381	232,663	234,401	239,748	242,343	245,416	249,281	254,894	0	0	0	0
Property Plant Equipment	0	275,007	267,284	0	312,058	236,240	229,738	230,006	231,761	217,757	219,379	220,616	222,811	219,744	223,305	226,085	275,982	265,806	265,708	271,878	228,388	223,852	224,523	225,257	228,922	228,381	232,663	234,401	239,748	242,343	245,416	0	254,894	0	0	0	266,592
Retained Earnings	159,906	657,793	613,584	552,596	473,130	483,237	444,592	392,538	324,966	365,205	338,633	271,967	199,776	190,159	138,733	148,181	151,039	143,898	124,827	97,090	72,946	64,915	67,806	37,816	1,618	-950	-1,122	-24,989	-53,951	-49,606	-29,578	-56,967	-81,647	0	0	0	-66,934
Retained Earnings Total Equity	0	0	613,584	552,596	473,130	483,237	444,592	392,538	324,966	365,205	338,633	271,967	199,776	190,159	138,733	148,181	151,039	143,898	124,827	97,090	72,946	64,915	67,806	37,816	1,618	-950	-1,122	-24,989	-53,951	0	0	0	0	0	0	0	0
Short Long Term Debt	29,348	379,186	38,813	44,555	40,336	27,532	106,528	114,818	17,616	18,089	38,985	42,196	20,310	57,938	198,119	192,309	71,623	95,099	77,786	177,229	36,151	35,734	32,980	29,688	26,719	23,750	530,870	630,494	18,750	0	0	0	402,640	0	0	0	49,363
Short Long Term Debt Total	794,087	592,809	681,530	829,128	567,845	434,260	395,454	408,098	314,970	319,127	344,331	351,720	333,929	375,846	520,546	518,983	402,324	416,013	407,380	515,503	383,498	405,825	444,192	573,196	464,053	463,796	530,870	630,494	409,593	748,281	454,470	947,482	836,215	0	0	0	0
Short Term Debt	48,920	379,186	38,813	44,555	40,336	27,532	106,528	114,818	17,616	18,089	38,985	42,196	20,310	57,938	198,119	192,309	71,623	95,099	77,786	177,229	36,545	50,192	69,872	164,937	47,083	38,077	99,372	193,062	61,245	27,581	422,328	552,773	441,704	0	0	0	49,363
Short Term Investments	0	997	923	344	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	3,082	3,195	4,920	0	4,725	0	0	0	6,100
Temporary Equity Redeemable Noncontrolling Interests	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Assets	2,196,677	2,210,567	2,330,928	2,453,013	2,193,807	2,101,361	2,096,147	2,085,803	2,005,836	2,075,225	2,066,692	1,968,882	1,866,555	1,839,086	1,897,719	1,887,699	1,817,049	1,820,967	1,807,437	1,877,290	1,691,621	1,714,837	1,779,298	1,882,888	1,727,324	1,705,560	1,752,848	1,845,327	1,736,171	1,738,640	1,782,108	1,898,674	1,758,973	0	0	0	1,762,703
Total Current Assets	996,692	1,033,521	1,151,553	1,266,247	1,059,076	1,083,023	1,070,223	1,054,942	969,176	1,047,965	1,033,560	923,062	799,807	787,102	838,740	829,478	742,818	765,094	764,693	812,635	664,001	709,814	763,776	847,136	687,076	673,666	713,844	789,852	664,531	676,412	722,342	822,603	671,523	0	0	0	636,791
Total Current Liabilities	451,135	856,197	455,999	464,327	548,625	498,813	548,201	535,904	483,024	442,679	422,813	398,797	357,679	363,154	465,376	466,387	359,118	393,316	356,066	430,003	294,867	326,683	340,484	430,169	306,783	291,350	327,743	446,680	462,108	459,128	871,829	1,015,077	755,591	0	0	0	346,853
Total Liab	1,283,805	1,236,661	1,268,023	1,420,195	1,210,441	1,050,786	986,014	973,878	922,270	899,161	905,119	882,805	849,176	845,825	964,432	968,589	865,416	853,396	849,400	930,653	764,637	801,247	872,132	996,819	879,932	862,892	921,564	1,044,445	967,348	1,317,125	1,050,206	1,551,155	1,434,431	0	0	0	1,442,747
Total Permanent Equity	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	913,590	907,166	886,069	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Stockholder Equity	864,235	928,366	1,017,219	987,122	939,056	1,010,005	1,071,173	1,070,393	1,042,844	1,139,599	1,124,691	1,050,959	984,075	961,984	898,543	886,200	919,247	936,807	926,251	913,412	894,872	885,022	878,884	854,199	814,728	810,656	798,188	768,808	735,865	388,183	699,694	312,734	291,287	0	0	0	287,623
Treasury Stock	0	0	0	0	0	0	0	-160,933	-131,039	-66,474	-54,213	-49,830	-45,106	-45,106	-45,106	-45,106	-31,154	-20,818	-12,356	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Warrants	0	0	7,688	7,670	6,663	4,322	4,306	3,229	3,299	1,386	1,521	97	126	475	316	546	807	344	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0

Cash Flow

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31
Begin Period Cash Flow	58,904	281,677	151,452	34,184	31,014	47,722	79,140	59,134	47,667	55,857	45,607
Capital Expenditures	100,599	126,364	37,597	24,675	32,956	32,801	18,845	19,175	23,201	23,527	46,459
Cash And Cash Equivalents Changes	0	-216,593	136,199	111,163	2,895	-16,708	-31,418	20,006	0	0	0
Cash Flows Other Operating	0	-22,541	25,888	23,256	-16,091	-19,334	-8,477	-6,041	0	0	0
Change In Cash	6,531	-222,773	130,225	117,268	3,170	-16,708	-31,418	20,006	6,742	-2,090	3,650
Change In Working Capital	74,209	-359,994	47,452	107,666	-54,845	-19,436	-205,871	-18,780	754	-10,532	22,325
Change Receivables	0	-58,893	16,679	22,744	-27,092	571	-2,592	12,630	0	0	0
Change To Account Receivables	13,785	-58,893	16,679	22,744	-27,092	571	-2,592	12,630	-174	-35,594	-15,514
Change To Inventory	58,897	-275,973	-64,238	49,006	-25,168	805	-28,372	-2,377	-45,415	-16,192	-16,320
Change To Liabilities	0	-2,587	69,123	12,660	10,851	-1,478	974	1,968	-1,998	-2,585	0
Change To Netincome	0	43,417	45,014	10,101	23,172	38,192	37,947	30,781	41,041	-7,916	0
Change To Operating Activities	0	-22,541	47,452	107,666	-16,091	-19,334	-165,598	-46,586	47,801	44,720	0
Depreciation	51,356	41,706	41,243	45,429	43,002	40,496	40,871	40,834	41,702	43,159	39,423
Dividends Paid	52,480	52,239	49,167	46,065	43,490	39,057	35,744	17,316	13,747	13,786	13,894
End Period Cash Flow	65,435	58,904	281,677	151,452	34,184	31,014	47,722	79,140	54,409	53,767	49,257
Exchange Rate Changes	0	0	0	0	0	-1,855	5,209	-2,425	0	0	0
Free Cash Flow	271,228	-194,151	276,525	239,750	101,327	130,932	-45,882	86,013	68,629	30,586	32,336
Investments	-179,680	-140,222	-37,597	-24,675	-61,060	-49,703	-18,845	-20,094	0	0	0
Issuance Of Capital Stock	0	0	0	0	0	0	0	0	0	0	0
Net Borrowings	0	248,628	-20,204	-70,624	19,271	-39,217	50,702	-68,444	-76,613	-46,326	0
Net Income	198,429	205,084	184,240	100,011	124,565	103,072	96,620	49,515	4,156	25,366	24,313
Other Cashflows From Financing Activities	254,103	961,870	-5,458	-5,989	-16,757	-28,107	68,749	394,156	38,193	38,135	45,219
Other Cashflows From Investing Activities	0	-78,858	4,542	4,542	-28,104	-16,902	0	0	0	0	0
Other Non Cash Items	2,711	12,274	1,528	-713	2,112	5,497	-1,795	11,276	40,997	6,781	7,457
Sale Purchase Of Stock	-334,088	-189,111	-65,497	-6,976	-29,352	0	0	34,503	34,503	34,603	0
Stock Based Compensation	29,709	24,083	27,639	16,016	10,975	18,563	15,285	14,494	2,033	632	1,138
Total Cash From Financing Activities	-264,725	-8,584	-140,326	-128,587	-70,328	-128,883	9,255	-62,663	-60,057	-30,154	-28,179
Total Cash From Operating Activities	371,827	-67,787	314,122	264,425	134,283	163,733	-27,037	105,188	91,830	54,113	78,795
Total Cashflows From Investing Activities	0	-140,222	-37,597	-24,675	-61,060	-49,703	-18,845	-19,175	-23,201	-23,527	0

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-06-30	2014-03-31
Begin Period Cash Flow	56,766	62,541	57,284	58,904	108,457	109,092	114,402	281,677	320,506	253,251	113,047	151,452	112,603	111,029	55,924	34,184	54,207	42,966	44,877	31,014	57,992	47,678	48,370	47,722	73,191	80,897	72,738	79,140	85,673	75,779	65,719	54,409	112,484	68,646	45,065	47,667	0	-	-
Capital Expenditures	32,932	15,204	18,530	33,933	92,726	13,181	8,771	11,686	18,387	6,809	5,991	6,410	9,288	5,032	4,614	5,741	14,790	7,571	5,133	5,462	12,139	7,005	7,770	5,887	6,064	3,958	5,147	3,676	5,673	5,386	3,608	4,508	7,934	4,858	5,151	5,258	23,527	0	0
Cash And Cash Equivalents Changes	0	0	5,828	-1,942	-53,836	5,170	-1,664	-166,263	-36,870	70,080	140,621	-37,632	34,086	-75	53,538	23,614	0	11,749	-1,395	13,549	-26,978	10,314	-692	648	0	-7,706	8,159	-6,402	0	0	0	0	0	0	0	0	0	-	-
Cash Flows Other Operating	0	0	25,783	-54,837	-7,577	5,178	49,183	-69,325	-5,570	7,168	28,348	-4,058	-4,155	14,877	17,428	-4,894	0	-3,663	20,366	-10,912	-16,575	-20,011	22,794	-5,542	0	6,009	7,699	-4,580	0	0	0	0	0	0	0	0	0	-	-
Change In Cash	8,669	-5,775	5,257	-1,620	-49,553	-635	-5,310	-167,275	-38,829	67,255	140,204	-38,405	38,849	1,574	55,105	21,740	-20,023	11,241	-1,911	13,863	-26,978	10,314	-692	648	-25,469	-7,706	8,159	-6,402	-6,533	9,894	10,060	11,310	-58,075	43,838	23,581	-2,602	-2,090	-	-
Change In Working Capital	84,860	99,436	101,533	-211,620	-30,452	-45,391	-16,560	-267,591	44,466	70,725	72,524	-140,263	60,648	85,871	53,907	-92,760	12,779	11,113	65,146	-143,883	12,596	34,117	83,243	-149,392	-34,456	46,899	72,997	-291,311	-16,071	55,395	87,832	-145,936	-10,754	73,512	78,004	-140,008	0	-	-
Change Receivables	0	0	37,774	-218,544	117,638	52,306	-22,369	-206,468	122,386	74,767	9,545	-190,019	72,238	7,146	45,541	-102,181	0	32,020	26,838	-146,894	56,369	65,439	31,389	-152,626	0	59,567	57,927	-138,926	0	0	0	0	0	0	0	0	0	-	-
Change To Account Receivables	139,452	55,103	37,774	-218,544	117,638	52,306	-22,369	-206,468	122,386	74,767	9,545	-190,019	72,238	7,146	45,541	-102,181	60,944	32,020	26,838	-146,894	56,369	65,439	31,389	-152,626	18,840	59,567	57,927	-138,926	18,332	96,762	46,964	-149,428	12,354	100,329	16,887	-129,744	-35,594	-	-
Change To Inventory	-77,931	26,440	75,262	35,126	-119,908	-85,314	-31,410	-39,341	-90,480	-28,502	29,757	24,987	-30,745	49,685	10,974	19,092	-48,055	-14,533	20,047	17,373	-34,797	-8,958	37,103	7,457	-41,221	-21,367	19,496	14,720	-34,500	-23,752	43,924	11,951	-44,595	-22,646	31,778	-9,952	-16,192	-	-
Change To Liabilities	0	4,193	-37,286	26,635	-20,605	-17,561	-30,079	47,543	-26,627	17,292	137	28,827	23,310	14,163	-20,036	-4,777	8,574	-2,711	-2,105	-3,450	7,599	-2,353	-8,043	1,319	974	2,690	-12,125	-162,525	1,968	0	0	0	-1,998	0	0	0	-2,585	-	-
Change To Netincome	0	7,599	17,223	18,787	9,056	12,012	13,008	11,126	5,369	6,646	18,309	12,360	-1,199	7,010	3,499	791	-3,877	1,840	15,860	7,613	-2,000	14,328	17,050	8,814	44,528	3,904	15,966	17,702	30,781	0	0	0	41,041	0	0	0	-7,916	-	-
Change To Operating Activities	0	31,474	25,783	25,783	-7,577	5,178	-214,826	-69,325	15,994	7,168	28,348	-140,263	-4,155	14,877	17,428	-4,894	-21,882	-3,663	20,366	-10,912	-16,575	-20,011	22,794	-5,542	-165,598	-1,069	20,741	-162,572	-46,586	0	0	0	47,801	0	0	0	44,720	-	-
Depreciation	13,175	12,807	12,743	12,631	10,812	10,229	10,298	10,367	10,427	10,178	10,275	10,363	14,371	10,487	10,302	10,269	11,814	11,592	9,799	9,797	10,439	9,345	10,387	10,325	10,204	10,214	10,292	10,161	10,281	10,003	10,282	10,268	10,136	10,296	10,661	10,609	40,359	-	-
Dividends Paid	12,381	12,686	13,109	14,304	12,567	12,760	12,928	13,984	12,109	12,186	12,214	12,658	11,515	11,516	11,513	11,521	10,523	10,534	10,561	11,872	9,719	9,719	9,721	9,898	8,942	8,934	20,268	3,455	3,455	13,861	0	0	13,747	0	0	0	13,786	-	-
End Period Cash Flow	65,435	56,766	62,541	57,284	58,904	108,457	109,092	114,402	281,677	320,506	253,251	113,047	151,452	112,603	111,029	55,924	34,184	54,207	42,966	44,877	31,014	57,992	47,678	48,370	47,722	73,191	80,897	72,738	79,140	85,673	75,779	65,719	54,409	112,484	68,646	45,065	47,667	-	-
Exchange Rate Changes	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-791	-106	-1,998	1,040	0	2,478	255	1,621	0	0	0	0	0	0	0	0	0	-	-
Free Cash Flow	41,965	162,109	187,505	-120,351	-101,471	18,422	64,632	-175,734	15,644	120,871	176,416	-36,406	88,026	162,918	67,059	-78,253	24,562	47,349	124,943	-95,527	21,529	58,503	143,619	-92,719	-15,217	68,023	128,476	-227,164	-22,513	61,155	145,889	-98,518	-25,890	68,858	131,364	-105,703	30,586	-	-
Investments	-32,932	-15,204	-18,516	-34,834	-111,126	-8,639	-8,771	-11,686	-18,387	-6,809	-5,991	-6,410	-9,288	-5,032	-4,614	-5,741	-14,790	-35,675	-5,133	-5,462	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Issuance Of Capital Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Net Borrowings	0	-87,501	-146,678	260,114	129,555	36,553	-10,805	93,325	-4,902	-25,095	-8,010	17,803	-42,301	-147,175	-1,892	120,744	-13,624	10,644	-105,871	133,747	-20,670	-27,241	-99,911	108,605	50,702	-69,273	-100,304	120,044	-68,444	0	0	0	-76,613	0	0	0	-46,326	-	-
Net Income	-26,808	57,046	74,364	93,619	1,674	53,324	68,239	81,847	-24,832	39,925	82,520	86,627	23,237	64,046	3,753	8,975	19,618	30,006	38,902	36,039	12,264	7,349	40,369	43,090	12,318	10,634	34,038	39,630	536	-5,043	27,812	26,210	-19,160	-13,298	20,227	16,387	21,557	27,368	11,766
Other Cashflows From Financing Activities	712,275	1	-6	529,406	466,259	420,203	-11,530	86,938	-152	-1,249	-63	-3,994	-38,050	-147,102	2,367	-394	-2,480	-1,500	-106,870	129,854	-14,539	-22,553	-101,674	110,659	3,771	-63,334	-114,635	225,079	-1,937	-19,194	-136,484	108,688	18,768	-23,949	-108,615	103,739	-4,645	-	-
Other Cashflows From Investing Activities	0	0	-2,986	-23,136	-83,400	4,542	4,542	4,542	4,542	0	0	0	0	0	0	0	-28,104	-28,104	0	0	-14,552	127	19	-2,496	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-
Other Non Cash Items	4,932	1,006	-410	-2,609	1,165	3,912	5,562	1,635	1,766	2,328	-45	-2,521	-1,158	-2,111	2,545	11	-1,618	2,260	1,162	308	1,247	4,012	1,588	-1,350	-366	-1,387	-728	686	-848	3,885	5,644	1,238	1,058	6,854	13,240	5,504	0	-	-
Sale Purchase Of Stock	-129,432	-66,635	-21,898	-116,123	-50,953	-41,587	-37,463	-59,108	-35,351	-12,261	-15,508	-2,377	6,976	0	0	-6,976	-18,943	-4,231	-6,178	0	0	0	0	0	0	0	0	0	364,719	0	0	0	34,503	0	0	0	34,603	-	-
Stock Based Compensation	8,340	5,305	8,781	7,283	5,924	5,837	6,969	5,353	6,817	7,012	8,277	5,533	5,939	3,674	4,216	2,187	2,984	2,605	3,601	1,785	4,783	4,670	4,984	4,126	3,709	3,675	4,054	3,847	7,371	6,159	964	1,357	14,341	119	1,481	433	0	-	-
Total Cash From Financing Activities	-35,523	-166,821	-181,691	119,310	66,035	-17,794	-66,296	9,471	-52,514	-50,791	-35,795	-1,226	-53,940	-162,993	-13,521	101,867	-45,570	-7,496	-126,338	109,076	-33,164	-48,210	-142,332	94,823	-11,107	-78,207	-120,572	219,141	18,830	-53,697	-136,484	108,688	-31,232	-23,949	-108,615	103,739	-30,154	-	-
Total Cash From Operating Activities	74,897	177,313	206,035	-86,418	-8,745	31,603	73,403	-164,048	34,031	127,680	182,407	-29,996	97,314	167,950	71,673	-72,512	39,352	54,920	130,076	-90,065	33,668	65,508	151,389	-86,832	-9,153	71,981	133,623	-223,488	-16,840	66,541	149,497	-94,010	-17,956	73,716	136,515	-100,445	54,113	-	-
Total Cashflows From Investing Activities	0	-15,204	-18,516	-34,834	-111,126	-8,639	-8,771	-11,686	-18,387	-6,809	-5,991	-6,410	-9,288	-5,032	-4,614	-5,741	-14,790	-35,675	-5,133	-5,462	-26,691	-6,878	-7,751	-8,383	-18,845	-3,958	-5,147	-3,676	-19,175	-11,800	0	0	-23,201	0	0	0	-23,527	-	-

Income Statement

Currency in USD. All numbers in thousands.

	2023-12-31	2022-12-31	2021-12-31	2020-12-31	2019-12-31	2018-12-31	2017-12-31	2016-12-31	2015-12-31	2014-12-31	2013-12-31
Cost Of Revenue	1,150,688	1,091,103	1,029,493	782,333	809,122	791,370	759,466	773,550	727,120	779,678	744,090
Depreciation And Amortization	51,356	32,877	36,963	71,843	43,002	40,496	40,871	40,834	41,702	43,159	39,423
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0
Ebit	281,658	281,533	259,812	145,455	185,653	172,335	168,760	144,182	121,137	106,018	116,506
Ebitda	333,014	314,410	296,775	217,298	228,655	212,831	209,631	185,016	162,839	149,177	155,929
Effect Of Accounting Charges	0	0	0	0	0	0	0	0	0	0	0
Extraordinary Items	0	0	0	0	0	-10,801	-12,600	0	0	0	0
Gross Profit	1,231,307	1,179,233	1,118,437	829,836	872,235	842,351	800,792	798,725	775,838	757,932	733,129
Income Before Tax	241,600	259,435	247,823	113,049	165,165	150,304	151,676	89,222	32,150	42,066	41,463
Income Tax Expense	42,993	54,351	63,583	13,038	40,600	47,232	55,056	39,707	27,994	16,700	17,150
Interest Expense	43,630	13,269	7,709	15,630	19,613	18,402	15,709	49,908	61,987	64,453	68,719
Interest Income	1,652	743	590	484	848	1,245	1,198	1,351	88,658	0	0
Minority Interest	-1,524	5,806	5,367	4,005	33,193	32,112	32,664	32,958	33,255	3,809	0
Net Income	198,429	199,278	178,873	96,006	121,070	99,872	92,114	45,012	-966	21,557	19,636
Net Income Applicable To Common Shares	0	199,278	178,873	96,006	121,070	99,872	98,695	23,189	16,706	21,557	0
Net Income From Continuing Ops	226,703	205,084	184,240	100,011	124,565	103,072	96,620	49,515	4,156	25,366	0
Net Interest Income	-35,601	-13,269	-6,140	-12,312	-18,624	-17,926	-15,709	-49,908	0	0	0
Non Operating Income Net Other	0	-8,829	-4,280	-16,776	-875	-3,629	1,077	-1,706	0	0	0
Non Recurring	0	0	0	13,207	0	0	0	1,673	0	0	0
Operating Income	281,658	281,533	259,812	145,455	185,653	172,335	166,308	140,836	117,583	104,247	114,897
Other Items	0	0	0	0	0	0	0	0	0	0	0
Other Operating Expenses	2,100,337	1,988,803	1,888,118	1,453,507	1,495,704	1,461,386	1,393,950	1,429,766	1,383,732	1,433,363	1,361,367
Preferred Stock And Other Adjustments	0	0	0	0	0	0	0	11,576	0	0	0
Reconciled Depreciation	48,993	41,706	41,243	45,429	43,002	40,496	40,871	0	0	0	0
Research Development	64,839	56,393	55,335	48,942	51,601	51,489	48,148	48,804	45,977	44,243	42,152
Selling And Marketing Expenses	0	211,900	216,400	162,100	193,500	0	0	0	0	0	0
Selling General Administrative	870,866	621,522	579,022	448,503	434,003	611,883	579,837	600,804	600,177	646,198	0
Tax Provision	54,291	54,351	63,583	13,038	40,600	47,232	55,056	39,707	27,994	0	0
Total Operating Expenses	949,649	897,700	858,625	671,174	686,582	670,016	634,484	656,216	656,612	653,685	617,277
Total Other Income Expense Net	-40,058	-22,098	-11,989	-32,406	-20,488	-3,629	1,077	-3,379	-26,782	1,348	-6,240
Total Revenue	2,381,995	2,270,336	2,147,930	1,612,169	1,681,357	1,633,721	1,560,258	1,572,275	1,502,958	1,537,610	1,477,219

	2023-12-31	2023-09-30	2023-06-30	2023-03-31	2022-12-31	2022-09-30	2022-06-30	2022-03-31	2021-12-31	2021-09-30	2021-06-30	2021-03-31	2020-12-31	2020-09-30	2020-06-30	2020-03-31	2019-12-31	2019-09-30	2019-06-30	2019-03-31	2018-12-31	2018-09-30	2018-06-30	2018-03-31	2017-12-31	2017-09-30	2017-06-30	2017-03-31	2016-12-31	2016-09-30	2016-06-30	2016-03-31	2015-12-31	2015-09-30	2015-06-30	2015-03-31	2014-12-31	2014-09-30	2014-06-30	2014-03-31
Cost Of Revenue	206,684	284,859	320,840	320,618	223,771	263,251	314,993	289,088	216,131	252,792	290,424	270,146	200,091	230,911	143,545	207,786	181,580	199,822	216,175	211,545	168,426	181,489	227,328	214,127	172,892	174,295	205,079	207,200	161,767	170,369	225,301	217,331	154,663	162,528	208,889	201,040	743,206	0	0	0
Depreciation And Amortization	13,175	12,807	12,743	11,967	10,812	-407	10,298	9,041	1,959	10,178	10,275	10,363	5,754	10,487	10,302	10,269	1,945	11,592	9,799	9,797	1,759	9,345	10,387	10,325	10,204	10,214	10,292	10,161	1,651	10,003	10,282	10,268	10,136	10,296	10,661	10,609	0	-	-	-
Discontinued Operations	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Ebit	-23,303	77,687	106,490	124,904	8,606	76,010	88,547	105,369	-23,033	51,547	108,941	118,077	27,006	82,536	8,661	32,366	28,565	43,726	61,135	52,227	19,599	25,873	64,579	62,284	28,822	18,265	57,385	64,288	9,322	8,968	66,547	59,925	7,094	46	65,141	48,856	104,247	0	0	0
Ebitda	-10,128	90,494	119,233	136,871	19,418	75,603	98,845	114,410	-21,074	61,725	119,216	128,440	32,760	93,023	18,963	42,635	30,510	55,318	70,934	62,024	21,358	35,218	74,966	72,609	39,026	28,479	67,677	74,449	10,973	18,971	76,829	70,193	17,230	10,342	75,802	59,465	0	-	-	-
Effect Of Accounting Charges	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Extraordinary Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-10,801	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Gross Profit	206,277	308,522	368,523	365,672	223,633	294,995	343,606	316,999	204,435	268,837	334,426	310,739	220,403	252,021	156,457	200,955	186,691	217,344	246,043	222,157	174,929	188,938	250,810	227,674	178,500	172,968	222,909	226,415	167,994	161,984	237,960	225,465	165,553	157,340	237,687	215,258	794,404	0	0	0
Income Before Tax	-36,155	68,298	95,113	114,344	3,239	69,121	84,309	102,766	-24,131	50,400	107,093	114,461	15,092	78,187	3,155	16,615	23,974	37,736	55,141	48,314	15,759	17,447	58,788	58,310	23,194	14,122	52,245	62,115	1,459	-4,603	49,419	43,527	-23,812	-17,571	38,184	35,349	41,085	981	43,979	19,961
Income Tax Expense	-9,733	11,252	20,749	20,725	1,565	15,797	16,070	20,919	701	10,475	24,573	27,834	-8,145	14,141	-598	7,640	4,356	7,730	16,239	12,275	3,495	10,098	18,419	15,220	10,876	3,488	18,207	22,485	213	440	21,941	17,317	-4,652	-4,273	17,957	18,962	15,322	1,378	15,907	7,193
Interest Expense	11,315	9,389	10,949	9,896	9,549	4,534	2,091	1,277	1,098	1,147	1,848	3,616	3,274	3,831	4,402	4,123	19,613	4,504	5,213	4,883	18,402	4,284	5,247	4,408	15,709	4,040	4,901	2,922	49,908	15,672	14,563	13,841	12,201	17,563	15,199	15,331	13,665	18,175	16,231	15,458
Interest Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	4,123	5,013	4,504	5,213	4,883	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Minority Interest	-386	261	-291	344	1,732	1,487	1,785	802	1,602	661	38,403	1,669	1,637	830	35,060	33,456	33,193	31,108	31,786	33,225	32,112	286	462	1,606	652	1,316	1,022	1,516	1,426	1,124	423	1,530	1,275	689	1,573	1,585	1,358	745	704	1,002
Net Income	-26,808	57,307	74,655	93,275	1,674	51,837	66,454	81,045	-26,434	39,264	81,085	84,958	21,600	63,216	2,313	8,877	17,859	29,797	38,488	34,926	11,418	7,063	39,907	41,484	11,666	9,318	33,016	38,114	-179	-6,167	27,055	24,680	-20,435	-13,987	18,654	14,802	21,557	-27,368	27,368	11,766
Net Income Applicable To Common Shares	0	57,307	74,655	93,275	-58	51,837	66,454	81,045	-26,434	39,264	81,085	84,958	21,600	63,216	2,313	8,877	17,859	29,797	38,488	34,926	11,418	7,063	39,907	41,484	11,666	9,318	33,016	38,114	23,189	-27,055	27,055	23,662	-14,751	-18,654	18,654	14,802	21,557	-27,368	27,368	11,766
Net Income From Continuing Ops	-26,422	57,046	74,364	93,619	1,674	53,324	68,239	81,847	-24,832	39,925	82,520	86,627	23,237	64,046	3,753	8,975	19,618	30,006	38,902	36,039	12,264	7,349	40,369	43,090	114,432	10,634	34,038	39,630	49,515	0	0	0	4,156	0	0	0	25,366	0	0	0
Net Interest Income	-11,744	-9,389	-10,949	-9,896	-5,367	-4,534	-2,091	-1,277	471	-1,147	-1,848	-3,616	44	-3,831	-4,402	-4,123	-4,024	-4,504	-5,213	-4,883	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Non Operating Income Net Other	0	0	-428	-664	-3,001	-2,355	-2,147	-1,326	-1,110	-939	-239	-1,992	-8,726	-3,186	-4,174	-690	0	-1,486	-781	970	0	-4,142	-544	434	0	-103	-239	749	0	0	0	0	0	0	0	0	0	-	-	-
Non Recurring	0	0	0	0	0	0	0	0	0	0	0	0	-43	518	1,104	11,628	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Operating Income	-23,303	78,605	106,490	124,904	8,606	76,010	88,547	105,369	-21,923	52,486	109,180	120,069	27,092	85,204	11,731	21,428	28,565	43,726	61,135	52,227	19,599	25,873	64,579	62,284	26,370	18,265	57,385	64,288	7,608	8,620	66,437	58,751	3,540	46	65,141	48,856	105,047	0	0	0
Other Items	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Other Operating Expenses	436,264	514,776	582,873	561,386	435,797	482,236	570,052	500,718	442,489	469,143	515,670	460,816	393,445	397,210	287,167	375,685	339,706	373,440	401,083	381,475	323,756	344,554	413,559	379,517	325,022	328,998	370,603	369,327	321,296	323,559	396,769	383,458	315,033	319,822	381,435	367,442	0	0	0	0
Preferred Stock And Other Adjustments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Reconciled Depreciation	13,175	12,807	12,743	12,631	10,812	10,229	10,298	10,367	10,427	10,178	10,275	10,363	14,371	10,487	10,302	10,269	11,814	11,592	9,799	9,797	10,439	9,345	10,387	10,325	10,204	10,214	10,292	10,161	10,281	10,003	10,282	10,268	10,136	10,296	10,661	10,609	0	-	-	-
Research Development	17,553	16,239	16,507	14,540	13,860	14,619	13,938	13,976	15,388	14,597	13,021	12,329	13,979	10,611	11,132	13,220	13,184	12,746	12,920	12,751	13,394	12,787	12,916	12,392	12,489	11,060	12,092	12,507	13,508	12,473	11,693	11,130	11,954	11,395	11,614	11,014	12,710	10,413	10,142	10,978
Selling And Marketing Expenses	0	0	0	0	211,900	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	10,600	0	0	0	0	0	0	0	0	-	-	-
Selling General Administrative	213,425	210,166	242,015	222,539	15,754	202,418	239,167	195,691	209,011	199,787	210,255	176,369	173,621	153,724	130,535	152,723	142,997	158,857	170,223	155,426	140,177	148,653	171,685	151,368	138,014	142,017	151,808	147,998	154,970	155,468	169,814	158,948	158,719	155,641	170,894	164,741	160,507	149,778	167,307	168,606
Tax Provision	-9,733	11,252	20,749	20,725	1,565	15,797	16,070	20,919	701	10,475	24,573	27,834	-8,145	14,141	-598	7,640	4,356	7,730	16,239	12,275	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	-	-
Total Operating Expenses	229,580	229,917	262,033	240,768	212,026	218,985	255,059	211,630	226,358	216,351	225,246	190,670	193,354	166,299	143,622	167,899	158,126	173,618	184,908	169,930	155,330	163,065	186,231	165,390	152,130	154,703	165,524	162,127	159,529	153,190	171,468	166,127	160,370	157,294	172,546	166,402	1,433,363	0	0	0
Total Other Income Expense Net	-12,852	-918	-428	-10,560	-5,367	-6,889	-4,238	-2,603	-1,110	-939	-239	-1,992	-8,683	-3,704	-5,278	-12,318	422	-1,486	-781	970	623	-4,142	-544	434	670	-103	-239	749	-1,174	2,275	-2,510	-1,970	-16,794	-54	-11,758	1,824	-62,181	0	0	0
Total Revenue	412,961	593,381	689,363	686,290	447,404	558,246	658,599	606,087	420,566	521,629	624,850	580,885	420,494	482,932	300,002	408,741	368,271	417,166	462,218	433,702	343,355	370,427	478,138	441,801	351,392	347,263	427,988	433,615	329,761	332,353	463,261	442,796	320,216	319,868	446,576	416,298	324,703	344,202	455,721	412,984

Latest Income Statement (annual, 2023-12-31)

Gross Profit (+$)
totalRevenue	2,381,995
Cost of Revenue	-1,150,688
Gross Profit	1,231,307	1,231,307

Operating Income (+$)
Gross Profit	1,231,307
Operating Expense	-949,649
Operating Income	281,658	281,658

Operating Expense (+$)
Research Development	64,839
Selling General Administrative	870,866
Selling And Marketing Expenses	0
Operating Expense	949,649	935,705

Net Interest Income (+$)
Interest Income	1,652
Interest Expense	-43,630
Other Finance Cost	-6,377
Net Interest Income	-35,601

Pretax Income (+$)
Operating Income	281,658
Net Interest Income	-35,601
Other Non-Operating Income Expenses	0
Income Before Tax (EBT)	241,600	321,716 EBIT - interestExpense = 238,028 241,422 242,059
Interest Expense	43,630
Earnings Before Interest and Taxes (EBIT)	281,658	285,230
Earnings Before Interest and Taxes (EBITDA)	333,014

After tax Income (+$)
Income Before Tax	241,600
Tax Provision	-54,291
Net Income From Continuing Ops	226,703	187,309
Net Income	198,429
Net Income Applicable To Common Shares	0

Non-recurring Events
Discontinued Operations	0
Extraordinary Items	0
Effect of Accounting Charges	0
Other Items	0
Non Recurring	0
Other Operating Expenses	2,100,337
Total Other Income/Expenses Net	-40,058	35,601

Technical Analysis of Acushnet Holdings Corp
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Acushnet Holdings Corp. The general trend of Acushnet Holdings Corp is NEUTRAL with 0.0% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Acushnet Holdings Corp's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitions	Bullish trend (0.0%)		Bearish trend (0.0%)
Overbought to neutral	Bullish pullback	=	Bearish reversal
Upper to lower neutral	Bullish correction	=	Bearish continuation
Nuetral to oversold	Oversold	=	Oversold
Oversold to neutral	Bullish reversal	=	Bearish correction
Lower to upper neutral	Bullish continuation	=	Bearish pullback
Nuetral to overbought	Overbought	=	Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.

Score

Let's take a look at the Support & Resistance of Acushnet Holdings Corp.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is 0/(-1 +1).

Between support/resistance: The price is trading between support and resistance lines.

The bullish price targets are: 67.19 < 69.23.

The bearish price targets are: 60.02 > 58.58 > 58.23.

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Acushnet Holdings Corp Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

Moving averages are lagging trend indicators.
There are many types of moving averages.
Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Acushnet Holdings Corp. The current mas is .

The long score for the Moving Averages is 7/14.
The longshort score for the Moving Averages is 0/(-14 +14).

MA 20 trending down: The MA 20 is trending down. -1
Close < MA 20: The price is below the MA 20. -1
MA 20 < MA 50: The MA 20 is lower than the MA 50. -1
MA 20 < MA 100: The MA 20 is lower than the MA 100. -1
MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
MA 50 trending down: The MA 50 is trending down. -1
Close < MA 50: The price is below the MA 50. -1
MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
MA 100 trending up: The MA 100 is trending up. +1
Close < MA 100: The price is below the MA 100. -1
MA 100 > MA 200: The MA 100 is higher than the MA 200. +1
MA 200 trending up: The MA 200 is trending up. +1
Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving Average	Amount of candles	vs. MA 50	vs. MA 100	vs. MA 200
MA 20	20
MA 50	50	-
MA 100	100	-	-
MA 200	200	-	-	-

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Shows the moving average of the selected period.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

There are various kinds of moving averages:

Simple moving average (SMA);
Exponential moving average (EMA);
Smoothed moving average (SMMA);
Linear weighted moving average (LWMA).

The moving average looks at a certain period of time and it calculates the price average. The various types of averages are using various formulas. Don’t worry, you don’t have to memorize any formula. All moving averages are calculated automatically by basically every charting software you use. But it’s good to know how moving averages are actually calculated.

Simple moving average

SMA is calculated by summing up the price closures of the selected period. The price is then divided by the selected period. For example, when using the 21 day moving average you sum up all the closing prices for each day and divide that by 21. The result is a line on the chart representing the average. Because it’s an average in the selected timeframe, the trend is always lagging. An moving average looks like this on the chart:

Source: Tradingview.com

In this case, the blue line represents a 21 day moving average. Because the average is based on results from the past, the indicator will always lag behind. For example, when price would suddenly go up, the moving average won't immediately follow.

All other moving averages discussed below look the same on the chart. The only difference is that the line will move in different directions based on the maths behind the used indicators and the amount of days used to determine the average.

Exponential moving average

The EMA gives more weight to the latest closing prices by giving them more value in the equation. EMA is calculated by adding a certain percentage to the latest closing prices:

EMA = (CLOSE (i) * P) + (EMA (i - 1) * (1 - P))

Where:

CLOSE (i) = current period close price.
EMA (i - 1) = value of the Moving Average of a preceding period.
P = the percentage of using the price value.

Smoothed moving average

A smoothed moving average is an exponential moving average with a long lookback period. Older prices are reduced in weight but are never left out in the calculation. Unlike SMA and EMA where prices are removed when they are beyond the selected period. SMMA is a combination of the SMA and EMA. The main advantage is that it smooths out fluctuations in price.

Linear weighted moving average

The LWMA gives the latest price the highest weight and then lineary scales down with each price before that. The result is that the LWMA reacts quicker to changes in price than the SMA or EMA. The formula:

LWMA = ((Pn∗W1)+(Pn−1∗W2)+(Pn−2∗W3)...) / ∑W

Where:

P = Price for the period.
n = The most recent period, n-1 is the prior period, and n-2 is two periods prior.
W = The assigned weight to each period, with the highest weight going first and then descending linearly based on the number of periods being used.

Moving averages are widely used by many traders. Which moving average you need depends on your trading strategy. Common practise is using a combination of multiple periods. For example, the EMA21, EMA50, EMA100 and EMA200. How does that look on a chart:

Source: Tradingview.com

The lowest (purple) line on the chart represents the EMA200 then following up the EMA100, EMA50 and EMA21.

You can use moving averages to determine a trend. The 200 moving average is mostly used as a baseline for determining the current trend:

When the 200 moving average is moving up it is considered a bullish trend.
When the 200 moving average is down it is considered a bearish trend.
When moving averages are flatlined, there is no clear trend so you should look for market structure, consolidation or trend reversals. Depending on how you want to trade.

This is not set in stone. Most trading strategies use multiple moving averages each with different settings. While one strategy might use the EMA20, the other uses the SMA21. There can be hundreds of different variations. Moving averages can also be used as support and resistance. More often than not, prices will bounce on moving averages.

Acushnet Holdings Corp Daily Moving Averages Chart

2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

MACD is a lagging momentum indicator.
Uses two moving averages.
Can show buy or sell signals based on momentum.
Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Acushnet Holdings Corp. The current macd is -0.42814289.

The long score for the Moving Average Convergence/Divergence (MACD) is 3/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is 2/(-4 +4).

MACD line > signal line: The MACD line is above the signal line, which indicates a bullish signal in the market. This means that the positive momentum is currently stronger than the average momentum, suggesting that buyers are more active than sellers, and there's a higher probability of the Acushnet Holdings Corp price going up in the near term. +2
MACD < 0: The MACD is below the zero line (centerline), it indicates a bearish signal for Acushnet Holdings Corp. This means that the short-term moving average is lower than the long-term moving average, signaling negative momentum and suggesting a higher likelihood of the Acushnet Holdings Corp price continuing to fall in the near future. It indicates that sellers are gaining control, and there is negativism in the market, leading to potential price decreases. -1
Trending up: The MACD line is trending up. This indicates that the short-term moving average is rising faster than the long-term moving average, suggesting positive momentum in the market. This signals that buyers are becoming more active and confident, leading to potential price increases as traders anticipate further gains and are willing to buy at higher prices. +1

Acushnet Holdings Corp Daily Moving Average Convergence/Divergence (MACD) Chart

2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.

Score

Let's take a look at the Directional Movement Index (DMI) of Acushnet Holdings Corp. The current adx is 18.77.

The long score for the Directional Movement Index (DMI) is 1/7.
The longshort score for the Directional Movement Index (DMI) is 1/(-7 +7).

PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Acushnet Holdings Corp shares, leading to potential upward momentum in its price. +1
PLUS_ID > MINUS_DI && ADX < 25 && ADX trending down: The ADX is below 25 and indicates a weak or no trend. Also, the ADX is declining so there is no trend indication.

Acushnet Holdings Corp Daily Directional Movement Index (DMI) Chart

2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

Parabolic SAR (stop and reverse) is a lagging trend indicator.
Shows the current trend.
Shows potential entry signals.
Shows potential exit signals.
Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Acushnet Holdings Corp. The current sar is 60.30.

The long score for the Parabolic SAR is 1/1.
The longshort score for the Parabolic SAR is 1/(-1 +1).

Close > SAR: The price is above the SAR. It's generally considered a bullish signal. +1

Acushnet Holdings Corp Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

Leading momentum indicator, meaning the signals are instant.
Ranges between 0 and 100.
Above 70 is considered overbought.
Below 30 is considered oversold.
Above or below 50 can also be used to determine price trend or support and resistance.
RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Acushnet Holdings Corp. The current rsi is 49.09. The current phase is Continuation in bear market.

The long score for the Relative Strength Index (RSI) is 0/13.
The longshort score for the Relative Strength Index (RSI) is -4/(-13 +13).

Continuation in bear market: Downtrend continues after a consolidation or pullback. Hold or add to short positions.
Trending down: The RSI is trending down. -1

Measures the speed and change of price movements.

There are four types of indicators:

Trend indicators
Momentum indicators
Volatility indicators
Volume indicators

The RSI measures the magnitude of recent price changes to determine if the asset is overbought or oversold.

Overbought (RSI above 70) means that the trading price is above its intrinsic value. This might indicate a sell or short signal.
Oversold (RSI below 30) means that the trading price is below its intrinsic value. This might indicate a buy or long signal.
RSI levels above or below 50 can also be used to determine a trend.
RSI divergence looks at a deviation between RSI and price movement.
Can be used in many different ways.

Original usage

Keep in mind that almost every indicator can be used in different ways. Even beyond the orginal settings. The relative strength index was developed by J. Welles Wilder. Wilder recommended a smoothing period of 14 days. That means a 14 day moving average (read more about this setting below). Another quote from the wikipedia page:

Wilders also considers the RSI 50 line as both support and resistance. I recommend to always read the original settings first before using an indicator. Many traders and websites are using their own version of the indicator which might be confusing.

How you can use RSI (Divergence)

First and foremost, there is no real right or wrong usage of the RSI indicator. You can use it in any way you want. Wilder recommends using a 14 day average but you can make it 50 or 100 if you like. Just keep in mind that using an indicator is just part of a larger trading plan. In other words, it’s not recommended to do any trading or investing based on a single indicator like the RSI.

The RSI is measured on a scale between 0 and 100. From 30 till 0 is considered oversold. and from 70 -100 is overbought. The RSI is a leading indicator, meaning the signals are instant.

I like to use the RSI as a trend\momentum indicator and not as an overbought or oversold indicator. I use the middle (50) as the baseline. When prices go above RSI 50 the trend is bullish and can indicate long positions. When below 50 it is considered bearish and can indicate short positions. Other traders use the 70 and 30 levels as overbought/oversold depending on the used strategy. The RSI indicator looks like this:

Source: Tradingview.com

The general concensus is that an RSI above 70 indicates that the security is overbought. In other words, the price this security is trading for is to high and should come down. So if RSI hits 70 or above this might indicate a sell signal or taking a short position (expecting the price will go down). Although RSI above 70 indicates the security is trading above it's fair value, that does not mean the price will go down.

Use tradingview to add indicators

I highly recommend using tradingview to add indicators to a chart. It has all the indicators you can think off and can add them for free (up to three indicators) to any chart you want. You can see that the levels 30 and 70 are marked with a dotted line. If you want you can remove these lines or give it another colour using Tradingview. You can also adjust the moving average used. You can also find RSI indicators made by the community that include other settings like RSI divergences.

Tradingview

Use Tradingview to (back)test your strategies and add hundreds of indicators created by the community.

View tool on Tradingview.com

RSI divergence

RSI is not only used to determine momentum but can also spot reversals or continuations of the trend. A reversal means that the trend is going in the opposite direction. From bullish to bearish or from bearish to bullish. These reversals can be spotted by looking at the price and the direction of the RSI. When the price is going up but the RSI is going down that means there is a divergence. This is also the case when RSI goes up but price is going down.

There are four types of divergences:

Regular bullish divergence
Regular bearish divergence
Hidden bullish divergence
Hidden bearish divergence

Regular bullish divergence

With a regular bullish divergence, the price is making lower highs but the oscillator (in this case the RSI) is making higher lows. A regular bullish divergence might indicate the end of the current trend. You’ll see regular bullish divergences mostly at the end of a downtrend. But that does not mean that every regular bullish divergence is a trend reversal.

Price is making lower highs
RSI is making higher lows
Indicating bullish reversal (price might go up)

Source: Tradingview.com

Regular bearish divergence

With a regular bearish divergence the price is making higher highs but the oscillator (in this case the RSI) is making lower highs. This might indicate the end of an uptrend.

Price is making higher highs
RSI is making lower highs
Indicating bearish reversal

Source: Tradingview.com

Hidden bullish divergence

With a hidden bullish divergence, the price is making a higher low while the RSI is making a lower low. This might indicate bullish trend continuation.

Price is making higher lows
RSI is making lower lows
Indicating bullish continuation

Source: Tradingview.com

As you have noticed, you can have multiple divergences in a row.

Hidden bearish divergence

With a hidden bearish divergence, price is making lower highs but RSI is making higher highs. This might indicate bearish trend continuation.

Price is making lower highs
RSI making higher highs
Indicating bearish continuation

Source: Tradingview.com

You can find many cheatsheets of RSI divergences online. Search for "RSI divergence overview" and you'll find a lot of examples. You can print these to learn the various types of divergences.

Acushnet Holdings Corp Daily Relative Strength Index (RSI) Chart

3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

Leading momentum indicator, meaning the signals are instant.
Used to determine overbought and oversold areas much like the RSI.
Ranges between 0 and 100.
Above 80 is considered overbought.
Below 20 is considered oversold.
Consists of two lines named K and D.
K compares the highest high and lowest low on the selected price range.
The D line is a moving average of the K line.
Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Acushnet Holdings Corp. The current phase is Correction in bear market.

The long score for the Stochastic Oscillator is 1/6.
The longshort score for the Stochastic Oscillator is -2/(-6 +6).

STOCH > 50: The STOCH %K is above 50. There are more buyers than sellers. +1
STOCH %K line < STOCH %D line: The STOCH %K line is below the STOCH %D line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Acushnet Holdings Corp price going down in the near term. -2
Trending down: The STOCH %K is trending down. -1

Acushnet Holdings Corp Daily Stochastic Oscillator Chart

3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

Lagging or leading Momentum indicator
When the CCI is above zero, the price is above the historical average
When the CCI is below zero, the price is below the historical average
Used for spotting trends
- If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
- If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Acushnet Holdings Corp. The current cci is 8.24601675.

Acushnet Holdings Corp Daily Commodity Channel Index (CCI) Chart

3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

Lagging momentum indicator
Ranges between +100 and -100
Considered overbought above +50
Considered oversold below -50
It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Acushnet Holdings Corp. The current cmo is 1.72123931.

The long score for the Chande Momentum Oscillator (CMO) is 1/1.
The longshort score for the Chande Momentum Oscillator (CMO) is 1/(-1 +1).

CMO > 0: The CMO is above 0, the momentum of the price is positive, indicating a potential uptrend in the price. +1

Acushnet Holdings Corp Daily Chande Momentum Oscillator (CMO) Chart

3.5 Williams %R

Shows the current price relative to the highest high over the last 14 days.

Lagging momentum indicator
Ranging between 0 and -100
Above -20 is considered overbought
Below -80 is considered oversold
Is prone to give false signals

Score

Let's take a look at the Williams %R of Acushnet Holdings Corp. The current willr is -41.08818011.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is 0/(-1 +1).

WILLR between -80 and -20: The Williams %R is between -80 and -20. This indicates that Acushnet Holdings Corp is trading in a neutral price range, neither oversold nor overbought, suggesting a balanced market condition without any extreme price signals.

Acushnet Holdings Corp Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

Lagging volatility indicator
Uses 3 bands: one upper, one lower and one in the middle
Works best when the middle band reflects an intermediate trend (MA20).
When the price is moving closer to the upper band, the market might be overbought
When the price is moving closer to the lower band, the market might be oversold

Score

Let's take a look at the Bollinger Bands of Acushnet Holdings Corp.

Acushnet Holdings Corp Daily Bollinger Bands Chart

4.2 Average True Range (ATR)

Measures market volatility

Leading volatility indicator
Can be used to determine stop-loss positions
Calculated by:
- Current high minus the current low
- Current high minus the previous close
- Current low minus the previous close
The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Acushnet Holdings Corp. The current atr is 1.46074214.

Acushnet Holdings Corp Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

Measures market volatility

Leading momentum indicator
Calculation:
- If the closing price is above the previous closing price: OBV = previous OBV + current volume
- If the closing price is below the previous closing price: OBV = previous OBV - current volume
- If the closing price is the same as the previous closing price than the OBV is the same.
Can be used to confirm price trends
Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Acushnet Holdings Corp. The current obv is 9,331,127.

Acushnet Holdings Corp Daily On-Balance Volume (OBV) Chart

5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

Lagging momentum indicator
Looks like RSI but uses volume as an extra metric (RSI only considers price)
Above 80 is considered overbought
Below 20 is considered oversold
Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Acushnet Holdings Corp. The current mfi is 38.94.

The long score for the Money Flow Index (MFI) is 0/2.
The longshort score for the Money Flow Index (MFI) is -1/(-2 +2).

MFI < 50: -1

Acushnet Holdings Corp Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

Type	Notification	Date
Currently no notifications for Acushnet Holdings Corp.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

Date	Indicator	Signal
2023-12-01	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2023-12-04	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
2023-12-05	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	STOCH	LONG EXIT		The %K line crosses below the %D line.
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2023-12-07	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2023-12-08	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-11	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2023-12-12	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
2023-12-13	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2023-12-14	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2023-12-15	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-18	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2023-12-20	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
	STOCH	LONG EXIT		The %K line crosses below the %D line.
2023-12-21	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2023-12-26	MFI	LONG ENTRY	SHORT CLOSE	80 crossover to upside
2023-12-28	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-02	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	MFI	SHORT ENTRY	LONG CLOSE	80 crossover to downside
2024-01-03	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-01-04	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-01-08	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-01-12	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
2024-01-16	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-17	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-01-18	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-01-19	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-01-22	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-01-23	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-29	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-01-30	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-01-31	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-02-02	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-02-05	STOCH	LONG EXIT		The %K line crosses below the %D line.
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-02-07	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-02-08	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-02-09	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
2024-02-12	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
	BB	SHORT ENTRY	LONG CLOSE	Price closed above the lower band.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-02-13	RSI	SHORT ENTRY	LONG CLOSE	70 crossover to downside
	STOCH	LONG EXIT		The %K line crosses below the %D line.
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-02-14	STOCH	SHORT EXIT		The %K line crosses above the %D line.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-02-16	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-02-20	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-02-21	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-02-26	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-02-29	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-03-04	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-03-05	STOCH	LONG EXIT		The %K line crosses below the %D line.
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-03-06	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
2024-03-13	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-03-14	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-03-19	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-03-21	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-03-25	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
2024-03-26	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	WILLR	LONG ENTRY	SHORT CLOSE	-20 crossover to upside
2024-03-27	CCI	LONG ENTRY	SHORT CLOSE	100 crossover to upside
2024-03-28	STOCH	LONG EXIT		The %K line crosses below the %D line.
2024-04-01	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-04-02	STOCH	LONG EXIT		The %K line crosses below the %D line.
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).
2024-04-04	CMO	SHORT ENTRY	LONG CLOSE	Zero line crossover to downside
2024-04-08	DMI	SHORT ENTRY	LONG CLOSE	The +DI crossed the -DI to the downside. The trend is reversing to a down trend.
	SAR	SHORT ENTRY	LONG CLOSE	The price broke the SAR to the downside
2024-04-09	MACD	SHORT ENTRY	LONG CLOSE	The MACD line crosses below the signal line.
2024-04-10	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-04-11	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-04-12	STOCH	LONG EXIT		The %K line crosses below the %D line.
	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-04-15	CCI	SHORT ENTRY	LONG CLOSE	-100 crossover to downside
2024-04-16	STOCH	SHORT EXIT		The %K line crosses above the %D line.
2024-04-18	WILLR	SHORT ENTRY	LONG CLOSE	-80 crossover to downside
2024-04-22	SAR	LONG ENTRY	SHORT CLOSE	The price broke the SAR to the upside.
	CMO	LONG ENTRY	SHORT CLOSE	Zero line crossover to upside
2024-04-23	MACD	LONG ENTRY	SHORT CLOSE	The MACD line crosses above the signal line.
	DMI	LONG ENTRY	SHORT CLOSE	The +DI crossed the -DI to the upside. The trend is reversing to an up trend.
	ATR	LONG ENTRY	SHORT CLOSE	Price closed above (close + ATR).
2024-04-24	STOCH	LONG EXIT		The %K line crosses below the %D line.
	ATR	SHORT ENTRY	LONG CLOSE	Price closed below (close - ATR).

6.3. Candlestick Patterns

Acushnet Holdings Corp Daily Candlestick Chart

Date	Candlestick Pattern

6.4. Technical Score

Let's check the technical score of Acushnet Holdings Corp based on Penke's default Symbol scanner.

Penke's Symbol Scanner

Indicator	Condition		Value
Rsi	Greater than	50	49.089
Ma 20	Greater than	Ma 50	63.528
Ma 50	Greater than	Ma 100	64.555
Ma 100	Greater than	Ma 200	63.592
Open	Greater than	Close	64.790
Total			3/5 (60.0%)

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Quick analysis of Acushnet Holdings Corp (30 sec.)

What can you expect buying and holding a share of Acushnet Holdings Corp? (30 sec.)

How much money do you get?

What is your share worth?

+ What do you gain per year?

For what price can you sell your share?

1. Valuation of Acushnet Holdings Corp (5 min.)

$63.16

$14.08

$-11.81 - $-14.96

$2.27 - $-0.88

2. Growth of Acushnet Holdings Corp (5 min.)

Is Acushnet Holdings Corp growing?

How much money is Acushnet Holdings Corp making?

How much money comes from the company's main activities?

3. Financial Health of Acushnet Holdings Corp (5 min.)

4. Comparing to competitors in the Leisure industry (5 min.)

Industry Rankings (Leisure)

What can you expect buying and holding a share of Acushnet Holdings Corp? (5 min.)

What can you expect buying and holding a share of Acushnet Holdings Corp?

Speculation

Investing

How much money are you going to get?

When do you get the money?

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Linear %

Fundamentals of Acushnet Holdings Corp

About Acushnet Holdings Corp

Financial Health

Valuation

1.1. Profitability of Acushnet Holdings Corp.

1.1. Profitability

1.1.1. Net Profit Margin

Trends

Compared to industry (Leisure)

1.1.2. Return on Assets

Trends

Compared to industry (Leisure)

1.1.3. Return on Equity

Trends

Compared to industry (Leisure)

1.2. Operating Efficiency of Acushnet Holdings Corp.

1.2. Operating Efficiency

1.2.1. Operating Margin

Trends

Compared to industry (Leisure)

1.2.2. Operating Ratio

Trends

Compared to industry (Leisure)

1.3. Liquidity of Acushnet Holdings Corp.

1.3. Liquidity

1.3.1. Current Ratio

Trends

Compared to industry (Leisure)

1.3.2. Quick Ratio

Trends

Compared to industry (Leisure)

1.4. Solvency of Acushnet Holdings Corp.

1.3. Liquidity

1.4.1. Debt to Asset Ratio

Trends

Compared to industry (Leisure)

1.4.2. Debt to Equity Ratio

Trends

Compared to industry (Leisure)

2. Market Valuation of Acushnet Holdings Corp

2.1. Earnings Per Share

2.1. Price to Earnings Ratio

Trends

Compared to industry (Leisure)

Acushnet Holdings Corp
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