Hayward Holdings Inc (HAYW)
Activity ratios
Short-term
Turnover ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | — | — | — |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Payables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Working capital turnover | 2.32 | 2.50 | 2.66 | 1.96 | 2.05 | 2.19 | 2.31 | 2.30 | 3.46 | 4.23 | 3.79 | 3.37 | 3.14 | 3.19 | 3.25 | 3.32 | 4.25 | — | — | 15.26 |
Hayward Holdings Inc's inventory turnover ratio has been declining gradually from 3.50 in March 31, 2021, to 2.47 in December 31, 2024. This indicates that the company is selling its inventory less frequently over time.
The receivables turnover ratio is not available, as indicated by "—" for all the periods provided. This implies that there is no information available to assess how quickly the company is collecting on its receivables.
The payables turnover ratio is not available for any period, denoted by "—", making it challenging to determine how efficiently the company is managing its trade payables.
Regarding the working capital turnover ratio, Hayward Holdings Inc's efficiency in utilizing its working capital has decreased from 15.26 in March 31, 2020, to 2.32 in December 31, 2024. This suggests a reduction in the company's ability to generate sales from its working capital over the reviewed periods.
In conclusion, the analysis of the activity ratios for Hayward Holdings Inc shows a mixed efficiency performance in managing inventory, collecting receivables, paying trade payables, and utilizing working capital over the past few years.
Average number of days
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 147.77 | 159.60 | 148.49 | 153.33 | 150.15 | 154.36 | 156.68 | 164.55 | 144.38 | 151.58 | 141.62 | 120.21 | 114.21 | 108.61 | 98.79 | 104.23 | 110.88 | — | — | — |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Based on the data provided for Hayward Holdings Inc, let's analyze the activity ratios:
1. Days of Inventory on Hand (DOH):
- The DOH has shown an increasing trend over the periods, starting at 110.88 days on December 31, 2020, and reaching 147.77 days on December 31, 2024. This indicates that the company is holding inventory for a longer period, which may tie up working capital and increase carrying costs.
2. Days of Sales Outstanding (DSO):
- The DSO data provided is not available, indicating that the company's financial statements do not provide information on this ratio. DSO is important for evaluating how efficiently the company collects its accounts receivable.
3. Number of Days of Payables:
- Similar to DSO, the information on the number of days of payables is not provided in the data. This ratio helps in understanding how long the company takes to pay its suppliers.
Overall, based on the available data, the focus should be on managing inventory levels to optimize working capital and operational efficiency. Additionally, information on DSO and payables would provide a more comprehensive view of the company's activity ratios and working capital management.
Long-term
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fixed asset turnover | — | — | — | — | — | 4.44 | 4.59 | — | 6.10 | 9.48 | 10.25 | 9.90 | 4.78 | 9.14 | 8.50 | 7.32 | — | — | — | — |
| Total asset turnover | 0.35 | 0.35 | 0.35 | 0.34 | 0.34 | 0.34 | 0.35 | 0.38 | 0.46 | 0.50 | 0.51 | 0.49 | 0.47 | 0.46 | 0.42 | 0.38 | 0.34 | — | — | — |
The Fixed Asset Turnover ratio measures how efficiently a company is utilizing its fixed assets to generate sales.
For Hayward Holdings Inc, the Fixed Asset Turnover ratio has shown a fluctuating trend over the periods provided. It increased from 7.32 in March 2021 to a peak of 10.25 in June 2022, indicating that the company was generating more sales relative to its investment in fixed assets during this period. However, the ratio decreased to 4.44 in September 2023 before dropping to 4.59 in June 2023. This suggests that the company may have experienced challenges in efficiently utilizing its fixed assets to generate revenue during these periods. Moreover, the ratio remained at 0 for several points in the data, indicating a lack of available data or potentially that the company did not have significant fixed assets during these periods.
On the other hand, the Total Asset Turnover ratio measures how efficiently the company is using all its assets to generate revenue.
Hayward Holdings Inc's Total Asset Turnover ratio has generally shown an increasing trend over the periods provided. Starting at 0.34 in December 2020, the ratio increased to 0.47 by December 2021 before peaking at 0.51 in June 2022. This indicates an improvement in the company's ability to generate sales relative to its total assets during this time. However, the ratio dropped to 0.34 by December 2023, indicating a potential decline in efficiency in utilizing total assets for revenue generation.
In conclusion, Hayward Holdings Inc experienced fluctuations in both its Fixed Asset Turnover and Total Asset Turnover ratios over the periods provided. While there were periods of efficiency in asset utilization, the company also faced challenges, as evidenced by the varying ratios. Further analysis and comparison with industry benchmarks could provide additional insights into the company's long-term activity ratios.