Central Garden & Pet Company (CENT)
Payables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 3,138,351 | 3,139,487 | 3,093,103 | 3,089,263 | 3,105,825 | 3,113,752 | 3,130,030 | 3,152,565 | 3,135,682 | 3,065,688 | 2,799,520 | 2,447,109 | 2,112,579 | 1,898,951 | 1,811,317 | 1,727,185 | 1,698,723 | 1,678,969 | 1,642,045 | 1,610,633 |
| Payables | US$ in thousands | 212,193 | 190,902 | 198,406 | 225,311 | 194,159 | 215,681 | 241,093 | 297,194 | 244,826 | 245,542 | 237,050 | 278,969 | 216,991 | 205,234 | 178,728 | 186,871 | 184,659 | 149,246 | 137,668 | 157,596 |
| 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 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $3,138,351K ÷ $212,193K
= 14.79
Central Garden & Pet Company's payables turnover ratio has fluctuated over the past years. The ratio measures how efficiently the company pays its suppliers. A higher ratio indicates that the company is paying its suppliers more quickly.
From the data provided, we can see that the payables turnover ranged from 8.77 to 16.45 in the last few years. The highest payables turnover was observed in September 2023 at 16.45, indicating that the company paid its suppliers 16.45 times during that period. On the other hand, the lowest payables turnover was in March 2021 at 8.77.
Overall, the trend shows some variability, with peaks and troughs in the ratio. It is important for Central Garden & Pet Company to monitor this ratio consistently to manage its payables effectively and maintain good relationships with its suppliers.
Peer comparison
Dec 31, 2023