Hayward Holdings Inc (HAYW)
Total asset 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 | |||
| Total assets | US$ in thousands | 2,946,280 | 2,883,080 | 2,883,650 | 2,925,690 | 2,875,010 | 2,830,400 | 2,981,360 | 2,999,510 | 2,978,470 | 2,845,940 | 2,793,300 | 2,720,300 |
| Total asset turnover | 0.31 | 0.32 | 0.33 | 0.36 | 0.44 | 0.48 | 0.49 | 0.48 | 0.45 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $922,271K ÷ $2,946,280K
= 0.31
Hayward Holdings Inc's total asset turnover has displayed a declining trend over the past eight quarters. From a high of 0.51 in Q2 2022, the total asset turnover ratio has steadily decreased, reaching 0.34 in Q4 2023. This indicates that the company generated $0.34 in sales for every dollar of total assets in the most recent quarter.
A decreasing total asset turnover ratio may suggest inefficiencies in the utilization of the company's assets to generate revenue. It could reflect issues such as excess or underutilized assets, slowing sales growth relative to asset growth, or challenges in efficiently managing inventory and accounts receivable.
Investors and stakeholders may want to closely monitor this trend and assess the company's operational performance and asset management strategies to ensure sustainable growth and profitability in the future.
Peer comparison
Dec 31, 2023