Central Garden & Pet Company (CENT)
Number of days of payables
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 12.38 | 10.88 | 9.50 | 9.25 | 11.25 | |
| Number of days of payables | days | 29.48 | 33.55 | 38.42 | 39.45 | 32.45 |
September 30, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 12.38
= 29.48
To analyze Central Garden & Pet Co.'s number of days of payables, we observe a decreasing trend over the past five years. In 2023, the number of days of payables decreased to 29.48 days from 33.55 days in 2022. This indicates that the company is taking fewer days to pay its suppliers compared to the previous year. This trend aligns with efficient working capital management, as the company is able to settle its payables in a shorter time frame, potentially improving its cash position and relationships with suppliers. It suggests a positive trend in the company's ability to manage its accounts payable effectively.
Peer comparison
Sep 30, 2023