Hayward Holdings Inc (HAYW)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Revenue | US$ in thousands | 917,868 | 1,256,620 | 1,337,320 |
| Receivables | US$ in thousands | 280,869 | 236,282 | 208,112 |
| Receivables turnover | 3.27 | 5.32 | 6.43 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $917,868K ÷ $280,869K
= 3.27
Hayward Holdings Inc's receivables turnover has decreased over the past three years. In 2021, the company had a receivables turnover of 6.74, which indicates that the company collected its accounts receivable approximately 6.74 times during that year. This ratio decreased to 5.56 in 2022 and further dropped to 3.53 in 2023.
A decreasing trend in receivables turnover may suggest that the company is taking longer to collect its accounts receivable, which could potentially indicate issues with its credit policies, collection efforts, or the creditworthiness of its customers. Additionally, a lower receivables turnover ratio may also imply a higher risk of bad debts or inefficient management of accounts receivable.
It is important for Hayward Holdings Inc to closely monitor this ratio and take necessary actions to improve its accounts receivable management in order to maintain healthy liquidity and financial stability.
Peer comparison
Dec 31, 2023