Hayward Holdings Inc (HAYW)

Number of days of payables

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
Payables turnover 7.41 15.57 14.07 14.80 18.83 16.71 11.80 11.91 12.29
Number of days of payables days 49.23 23.44 25.95 24.65 19.39 21.84 30.92 30.64 29.71

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 7.41
= 49.23

Hayward Holdings Inc's number of days of payables has shown fluctuations over the past eight quarters. The trend indicates an increase in the number of days of payables from Q3 2022 to Q1 2023, reaching a peak of 48.81 days in Q4 2023. This suggests that the company is taking longer to pay off its suppliers or trade payables.

On average, in the recent quarters, Hayward Holdings Inc has taken around 35-45 days to settle its payables. A higher number of days of payables may indicate that the company is stretching out its payments to suppliers, potentially to improve cash flow management or financial flexibility.

Overall, an upward trend in the number of days of payables can have implications on the company's relationships with suppliers, its liquidity position, and working capital management. It is essential for stakeholders to closely monitor this metric to understand the company's payment practices and financial health.


Peer comparison

Dec 31, 2023

Company name
Symbol
Number of days of payables
Hayward Holdings Inc
HAYW
49.23
Middleby Corp
MIDD
25.60
Standex International Corporation
SXI
37.16
Tennant Company
TNC
37.44