Central Garden & Pet Company (CENT)
Days of inventory on hand (DOH)
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 2.98 | 2.82 | 2.50 | 3.40 | 4.32 | |
| DOH | days | 122.59 | 129.46 | 145.92 | 107.22 | 84.50 |
September 30, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 2.98
= 122.59
The days of inventory on hand (DOH) for Central Garden & Pet Company have fluctuated over the past five years, indicating changes in the company's inventory management efficiency.
- In 2024, the DOH was 122.59 days, showing an improvement from the previous year's 129.46 days. This suggests that the company was able to reduce its inventory holding period, which could be a positive sign of improved inventory management.
- The DOH was notably higher in 2022 at 145.92 days compared to 2021 at 107.22 days, indicating a significant increase in the time it took for the company to sell its inventory. This could potentially signal issues with inventory turnover and liquidity.
- In 2020, the DOH was at its lowest point in the past five years at 84.50 days, indicating efficient inventory management and quicker turnover of inventory.
Overall, the trend in Central Garden & Pet Company's DOH suggests variability in inventory management efficiency over the years, with improvements in some periods and challenges in others. Monitoring and managing inventory levels effectively will be important for the company to optimize its operations and financial performance.
Peer comparison
Sep 30, 2024