Central Garden & Pet Company (CENT)
Number of days of payables
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 14.44 | 16.17 | 13.12 | 14.79 | 16.45 | 15.59 | 13.71 | 16.00 | 14.44 | 12.98 | 10.61 | 12.81 | 12.49 | 11.81 | 8.77 | 9.74 | 9.25 | 10.13 | 9.24 | 9.20 | |
| Number of days of payables | days | 25.28 | 22.57 | 27.82 | 24.68 | 22.19 | 23.41 | 26.62 | 22.82 | 25.28 | 28.11 | 34.41 | 28.50 | 29.23 | 30.91 | 41.61 | 37.49 | 39.45 | 36.02 | 39.49 | 39.68 |
September 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 14.44
= 25.28
The number of days of payables for Central Garden & Pet Company has fluctuated over the past few years, with a range of values observed. Payables turnover is an important metric that measures how efficiently a company manages its trade credit obligations. A lower number of days of payables indicates that the company takes less time to pay its suppliers, while a higher number suggests a longer period for settling its trade payables.
Based on the historical data provided, the number of days of payables for Central Garden & Pet Company has shown some variability, ranging from as low as 22.19 days to as high as 41.61 days. A trend analysis reveals that there has been some inconsistency in the management of payables over the periods examined, with fluctuations observed from quarter to quarter.
It is important to note that a lower number of days of payables can indicate a more efficient use of trade credit and better cash management, while a higher number may raise concerns about liquidity risk and potential strain on working capital. Therefore, close monitoring and analysis of this ratio are essential for assessing the company's financial health and operational efficiency.
Peer comparison
Sep 30, 2024