Central Garden & Pet Company (CENT)
Fixed asset turnover
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,200,460 | 3,310,100 | 3,338,590 | 3,303,680 | 2,695,510 |
| Property, plant and equipment | US$ in thousands | 379,166 | 391,768 | 396,979 | 328,571 | 244,667 |
| Fixed asset turnover | 8.44 | 8.45 | 8.41 | 10.05 | 11.02 |
September 30, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $3,200,460K ÷ $379,166K
= 8.44
Central Garden & Pet Company's fixed asset turnover has been relatively stable over the past five years, ranging from 8.41 to 11.02. This indicates the company's ability to generate revenue from its investment in fixed assets.
A higher fixed asset turnover ratio suggests that the company is efficiently utilizing its fixed assets to generate sales. In this case, Central Garden & Pet Company's fixed asset turnover has shown a slight decrease in recent years, which could be attributed to various factors such as changes in sales volume or investment in new fixed assets. Nonetheless, the consistently high fixed asset turnover ratios indicate that the company is effectively using its fixed assets to generate revenue.
Overall, Central Garden & Pet Company's fixed asset turnover ratios demonstrate a consistent and healthy performance in efficiently utilizing its fixed assets to generate sales over the past five years.
Peer comparison
Sep 30, 2024