Hayward Holdings Inc (HAYW)
Cash conversion cycle
| 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 | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Cash conversion cycle | 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 | 0.00 | 0.00 | 0.00 |
December 31, 2024 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= 147.77 + — – —
= 147.77
The cash conversion cycle of Hayward Holdings Inc has shown fluctuations over the past few years. It started at 0 days in March 2020 and remained at 0 days until December 2020, indicating efficient management of cash, inventory, and receivables during this period. However, from March 2021 onwards, the cash conversion cycle started to increase, reaching a peak of 164.55 days in March 2023.
This increase suggests that Hayward Holdings Inc took longer to convert its investments in inventory and receivables into cash, which may indicate potential issues in managing working capital efficiently. The company then managed to reduce the cash conversion cycle to around 147-159 days from September 2024 onwards, showing some improvement in working capital management.
Overall, the trend in the cash conversion cycle indicates that Hayward Holdings Inc experienced challenges in managing its operating cycle efficiently, but the recent reduction in the cycle suggests efforts to address these issues. Monitoring and continuously improving the cash conversion cycle can help the company enhance its liquidity and overall financial performance.
Peer comparison
Dec 31, 2024