Hayward Holdings Inc (HAYW)
Inventory turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 511,117 | 741,514 | 755,081 | 830,510 | 1,017,069 | 1,091,989 | 1,150,964 | 1,132,223 | 1,074,398 | |||
| Inventory | US$ in thousands | 215,180 | 221,450 | 234,478 | 274,682 | 283,658 | 313,379 | 312,461 | 260,714 | 233,449 | 208,993 | 171,200 | 159,400 |
| Inventory turnover | 2.38 | 3.35 | 3.22 | 3.02 | 3.59 | 3.48 | 3.68 | 4.34 | 4.60 |
December 31, 2023 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $511,117K ÷ $215,180K
= 2.38
Inventory turnover is a financial ratio that measures a company's efficiency in managing its inventory levels. It indicates how many times a company's inventory is sold and replaced during a specific period. In the case of Hayward Holdings Inc, the inventory turnover ratios over the past eight quarters have fluctuated within a range of 2.22 to 3.04.
A higher inventory turnover ratio generally indicates that a company is effectively managing its inventory levels, as it suggests that the company is selling its products quickly and efficiently. Conversely, a lower ratio may suggest inefficiencies in inventory management, such as overstocking or slow-moving inventory.
Hayward Holdings Inc's inventory turnover ratios have varied over the quarters, with the highest ratio of 3.04 in Q1 2022 and the lowest ratio of 2.22 in Q1 2023. This variability may be indicative of fluctuations in sales volumes, changes in inventory management practices, or shifts in customer demand.
Overall, while the inventory turnover ratios of Hayward Holdings Inc have shown some fluctuation, the company has generally maintained ratios within a reasonable range, indicating a moderate level of efficiency in managing its inventory levels. It would be important to continue monitoring these ratios to ensure optimal inventory management practices are in place.
Peer comparison
Dec 31, 2023
Dec 31, 2023