Hayward Holdings Inc (HAYW)

Payables 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
Payables US$ in thousands 68,943 47,616 53,683 56,099 54,022 65,354 97,500 95,056 87,445 78,569 83,900 75,000
Payables turnover 7.41 15.57 14.07 14.80 18.83 16.71 11.80 11.91 12.29

December 31, 2023 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $511,117K ÷ $68,943K
= 7.41

Hayward Holdings Inc's payables turnover has fluctuated over the past eight quarters. The highest payables turnover was seen in Q4 2022 at 13.27, indicating the company was able to efficiently manage its accounts payable during that period. However, in Q4 2023, the payables turnover decreased to 7.48, suggesting a potential delay in paying off its suppliers compared to previous quarters. This decline might indicate a less efficient use of supplier credit or a change in payment terms. Overall, the trend in payables turnover for Hayward Holdings Inc shows variability, emphasizing the importance of closely monitoring and managing the company's accounts payable to optimize working capital efficiency.


Peer comparison

Dec 31, 2023

Company name
Symbol
Payables turnover
Hayward Holdings Inc
HAYW
7.41
Middleby Corp
MIDD
14.26
Standex International Corporation
SXI
9.82
Tennant Company
TNC
9.75