Hayward Holdings Inc (HAYW)
Inventory turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Cost of revenue | US$ in thousands | 806,043 | 1,016,920 | 1,074,430 |
| Inventory | US$ in thousands | 215,180 | 283,658 | 233,449 |
| Inventory turnover | 3.75 | 3.59 | 4.60 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue ÷ Inventory
= $806,043K ÷ $215,180K
= 3.75
Hayward Holdings Inc's inventory turnover has decreased from 3.20 in 2021 to 2.40 in 2023. This indicates that the company is taking longer to sell its inventory, which could potentially signal inefficiencies in the management of its inventory levels. A lower inventory turnover ratio may imply difficulties in accurately forecasting demand, overstocking, or slow-moving inventory. It could also suggest potential liquidity concerns if inventory cannot be converted into sales quickly enough. Further investigation into the company's inventory management practices and sales strategies may be warranted to address this declining trend in inventory turnover.
Peer comparison
Dec 31, 2023