Central Garden & Pet Company (CENT)

Number of days of payables

		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
Payables turnover		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	11.25	11.93	10.22
Number of days of payables	days	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	32.45	30.60	35.71

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 14.79
= 24.68

Central Garden & Pet Company's number of days of payables has fluctuated over the past few years. In general, the company takes around 25 to 30 days to pay its suppliers, but there have been periods where this number has been higher, reaching as much as 41.61 days in March 2021. This indicates that the company has at times taken longer to settle its payables, potentially affecting its relationships with suppliers and cash flow management. It is important for the company to closely monitor and manage its payables to ensure efficiency in its working capital and overall financial health.

Peer comparison

Dec 31, 2023

Company name

Symbol

Number of days of payables

Central Garden & Pet Company

CENT

24.68

Central Garden & Pet Company A