Acushnet Holdings Corp. — Earnings Quality Grade F
GOLF · Consumer Cyclical
Major red flags
Screening Summary
管理层信号
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 31 days, change -1 days YoY
AR growth -0.4% vs revenue growth 4.1%
Revenue 4.1%, CFFO -20.7%. Cash follows revenue
Expense Quality
Inventory 5.7% vs COGS 5.4%. Normal
CapEx growth -0.4% vs revenue 4.1%. Normal
SG&A/Gross Profit = 68.2%. Normal
Gross margin 47.7%, change -0.6pp. Stable
Cash Flow Quality
CFFO/NI = 1.03. Profits backed by cash
FCF $0.1B, FCF/NI = 0.64
Accruals ratio = -0.2%. Low accruals
Cash $0.1B covers only 5% of debt $0.9B
Balance Sheet Health
Goodwill+Intangibles $0.7B = 94% of equity. Over 50%
Debt/EBITDA = 2.7x. Healthy
Other assets grew 98.0% vs revenue 4.1%
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles change -1% YoY. Normal
Manipulation Score
M-Score = -2.48 (< -2.22). Unlikely manipulator
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25