Hayward Holdings Inc (HAYW)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,051,610 | 992,452 | 1,314,140 | 1,401,790 | 875,400 |
| Total assets | US$ in thousands | 2,990,620 | 2,946,280 | 2,875,010 | 2,978,470 | 2,607,100 |
| Total asset turnover | 0.35 | 0.34 | 0.46 | 0.47 | 0.34 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,051,610K ÷ $2,990,620K
= 0.35
Based on the provided data, Hayward Holdings Inc's total asset turnover has been fluctuating over the past five years. The total asset turnover ratio indicates how efficiently the company is utilizing its assets to generate revenue.
In December 2020, the total asset turnover ratio was 0.34, which means that for every dollar of assets, the company generated $0.34 of revenue. This indicates a relatively lower efficiency in asset utilization.
By December 2021, the total asset turnover ratio improved to 0.47, suggesting that the company was able to generate more revenue for each dollar of assets invested. This indicates an increase in asset efficiency.
However, in the subsequent years, the total asset turnover ratio decreased slightly to 0.46 in December 2022, 0.34 in December 2023, and 0.35 in December 2024. This indicates a potential decline in the company's ability to generate revenue from its assets efficiently.
Overall, Hayward Holdings Inc's total asset turnover has shown volatility and some fluctuations over the years, indicating varying levels of asset utilization efficiency. Further analysis of the company's operations and financial performance may be needed to understand the factors contributing to these fluctuations.
Peer comparison
Dec 31, 2024