Hayward Holdings Inc (HAYW)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 922,271 | 923,297 | 948,260 | 1,064,159 | 1,263,605 | 1,358,135 | 1,463,492 | 1,424,864 | 1,342,456 | |||
| Receivables | US$ in thousands | 280,869 | 148,717 | 164,409 | — | 236,282 | — | — | — | 208,112 | — | — | — |
| Receivables turnover | 3.28 | 6.21 | 5.77 | — | 5.35 | — | — | — | 6.45 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $922,271K ÷ $280,869K
= 3.28
Hayward Holdings Inc's receivables turnover has shown fluctuating trends over the past eight quarters. The highest receivables turnover was observed in Q3 2022 at 12.97, indicating that the company effectively collected its accounts receivable almost 13 times during that quarter. This was followed by a significant decline in the next quarter to 4.23.
In the most recent quarter, Q4 2023, the receivables turnover decreased to 3.53, indicating a decrease in the efficiency of collecting outstanding receivables compared to the previous quarter. However, the turnover is still higher than in Q1 and Q4 2022, suggesting a potential improvement compared to those periods.
Overall, the trend in the receivables turnover ratio for Hayward Holdings Inc shows variability, with some quarters experiencing more efficient collection of receivables than others. It is important for the company to closely monitor and manage its accounts receivable collection process to ensure consistent cash flow and liquidity.
Peer comparison
Dec 31, 2023