Central Garden & Pet Company (CENT)
Fixed asset turnover
| 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 2,383,010 | 2,344,580 | 2,295,948 |
| Property, plant and equipment | US$ in thousands | 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 | 245,405 | 238,948 | 217,538 |
| Fixed asset turnover | 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 | 9.71 | 9.81 | 10.55 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $3,316,578K ÷ $389,440K
= 8.52
Central Garden & Pet Company's fixed asset turnover ratio has shown a relatively stable trend over the past four years, with values consistently above 8.0. The company's fixed asset turnover ranged from a low of 8.24 in March 2023 to a high of 11.02 in September 2020. Generally, a high fixed asset turnover ratio indicates that the company is generating a significant amount of revenue relative to its investment in fixed assets, which can be a positive sign of operational efficiency.
Central Garden & Pet Company has maintained a strong performance in utilizing its fixed assets to generate sales revenues. The company's fixed asset turnover has been consistently above 8.0, reflecting an efficient use of assets to drive revenue generation. Additionally, the slight fluctuations in the ratio over time suggest that the company has been able to maintain a relatively steady level of operational efficiency in this aspect.
Overall, the trend in Central Garden & Pet Company's fixed asset turnover ratio indicates that the company has been effectively utilizing its fixed assets to generate revenue, which is a positive signal for investors and stakeholders.
Peer comparison
Dec 31, 2023