Central Garden & Pet Company (CENT)
Number of days of payables
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 10.61 | 12.38 | 10.88 | 9.50 | 9.25 | |
| Number of days of payables | days | 34.39 | 29.48 | 33.55 | 38.42 | 39.45 |
September 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 10.61
= 34.39
Central Garden & Pet Company's number of days of payables has fluctuated over the past five years. In the most recent fiscal year ending on September 30, 2024, the company took approximately 34.39 days, on average, to pay its suppliers. This represents an increase from the previous year's figure of 29.48 days. Comparing this to two years ago, the number of days of payables was slightly higher at 33.55 days. However, the current figure is lower than that of three and four years ago, where it took the company around 38.42 days and 39.45 days, respectively, to settle its payables.
This trend indicates that Central Garden & Pet Company has been able to manage its payables more efficiently in the most recent fiscal year compared to previous years. A decreasing number of days of payables suggest that the company may be improving its working capital management by paying its suppliers more promptly. However, it is essential to monitor this ratio over time to ensure that the company maintains a balanced approach to managing its payables while preserving cash flow and supplier relationships.
Peer comparison
Sep 30, 2024