Central Garden & Pet Company (CENT)
Fixed asset turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,171,768 | 3,295,756 | 3,308,168 | 3,316,578 | 3,309,592 | 3,267,352 | 3,259,572 | 3,305,089 | 3,338,693 | 3,382,118 | 3,405,108 | 3,390,545 | 3,304,411 | 3,185,718 | 2,995,231 | 2,773,382 | 2,695,509 | 2,560,284 | 2,433,376 | 2,403,848 |
| Property, plant and equipment | US$ in thousands | 379,166 | 384,373 | 387,203 | 389,440 | 391,768 | 392,332 | 395,788 | 396,675 | 396,979 | 390,326 | 384,940 | 340,133 | 328,571 | 306,029 | 295,769 | 252,157 | 244,667 | 239,240 | 241,878 | 241,795 |
| Fixed asset turnover | 8.37 | 8.57 | 8.54 | 8.52 | 8.45 | 8.33 | 8.24 | 8.33 | 8.41 | 8.66 | 8.85 | 9.97 | 10.06 | 10.41 | 10.13 | 11.00 | 11.02 | 10.70 | 10.06 | 9.94 |
September 30, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $3,171,768K ÷ $379,166K
= 8.37
The fixed asset turnover ratio for Central Garden & Pet Company has shown a general upward trend in recent periods, indicating the company's effective utilization of its fixed assets to generate sales. The ratio has consistently been above 8.0, which implies that for every dollar of fixed assets, the company is generating over $8.0 in sales.
The ratio reached its peak in the most recent periods, demonstrating an improvement in efficiency in utilizing fixed assets to generate revenue. This increase could be attributed to various factors such as improved operational efficiency, better asset management, or increased sales volumes.
Overall, the trend in the fixed asset turnover ratio suggests that Central Garden & Pet Company has been successful in efficiently utilizing its fixed assets to drive revenue generation over the analyzed periods. However, it is important to continue monitoring this ratio to ensure sustained efficiency in asset utilization in the future.
Peer comparison
Sep 30, 2024