Hayward Holdings Inc (HAYW)
Inventory turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 534,698 | 524,534 | 524,953 | 525,731 | 523,086 | 523,646 | 546,236 | 609,280 | 717,101 | 754,605 | 805,292 | 791,615 | 746,049 | 702,342 | 632,503 | 558,203 | 478,303 | 437,506 | 421,650 | 402,025 |
| Inventory | US$ in thousands | 216,472 | 229,363 | 213,559 | 220,856 | 215,180 | 221,450 | 234,478 | 274,682 | 283,658 | 313,379 | 312,461 | 260,714 | 233,449 | 208,993 | 171,200 | 159,400 | 145,300 | — | — | — |
| Inventory turnover | 2.47 | 2.29 | 2.46 | 2.38 | 2.43 | 2.36 | 2.33 | 2.22 | 2.53 | 2.41 | 2.58 | 3.04 | 3.20 | 3.36 | 3.69 | 3.50 | 3.29 | — | — | — |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $534,698K ÷ $216,472K
= 2.47
Hayward Holdings Inc's inventory turnover has shown a fluctuating trend over the past few years. The inventory turnover ratio measures the efficiency of the company in managing its inventory by indicating how many times a company's inventory is sold and replaced over a specific period.
From December 31, 2020, to June 30, 2021, the inventory turnover ratio saw an increase from 3.29 to 3.69, indicating that the company was selling and replenishing its inventory at a faster pace during that period. However, from June 30, 2021, to December 31, 2024, the inventory turnover ratio decreased gradually, reaching 2.47 by the end of December 31, 2024.
A high inventory turnover ratio typically indicates efficient inventory management as the company is quickly converting its inventory into sales. On the other hand, a declining inventory turnover ratio may suggest potential issues such as overstocking, obsolescence, or slowing sales.
Hayward Holdings Inc should closely monitor its inventory turnover ratio and investigate the reasons behind the decline in recent periods to ensure optimal inventory management practices and improve overall operational efficiency.
Peer comparison
Dec 31, 2024
Dec 31, 2024