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