Central Garden & Pet Company (CENT)
Days of inventory on hand (DOH)
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 4.05 | 3.94 | 3.41 | 3.31 | 3.75 | 3.57 | 3.20 | 3.03 | 3.32 | 3.55 | 3.55 | 3.71 | 4.47 | 4.47 | 3.64 | 3.67 | 4.32 | 4.25 | 3.34 | 3.05 | |
| DOH | days | 90.12 | 92.72 | 107.17 | 110.30 | 97.45 | 102.13 | 114.24 | 120.38 | 109.95 | 102.91 | 102.82 | 98.35 | 81.58 | 81.70 | 100.37 | 99.32 | 84.50 | 85.83 | 109.30 | 119.57 |
September 30, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.05
= 90.12
The days of inventory on hand (DOH) for Central Garden & Pet Company have fluctuated over the past few years. The company's DOH ranged from a low of 81.58 days on Dec 31, 2021, to a high of 120.38 days on Dec 31, 2022.
The trend in recent quarters indicates an increase in the number of days inventory is held on hand, reaching 110.30 days on Dec 31, 2023, and 107.17 days on Mar 31, 2024. This suggests that the company may be experiencing challenges in managing its inventory efficiently.
However, it is worth noting that the DOH decreased to 90.12 days on Sep 30, 2024, showing a potential improvement in inventory management compared to the previous quarter.
Overall, Central Garden & Pet Company should continue to monitor its inventory levels closely and implement strategies to optimize inventory turnover to maintain a healthy balance between carrying too much inventory and stockouts.
Peer comparison
Sep 30, 2024