Central Garden & Pet Company (CENT)
Receivables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,171,768 | 3,295,756 | 3,308,168 | 3,316,578 | 3,309,592 | 3,267,352 | 3,259,572 | 3,305,089 | 3,338,693 | 3,382,118 | 3,405,108 | 3,390,545 | 3,304,411 | 3,185,718 | 2,995,231 | 2,773,382 | 2,695,509 | 2,560,284 | 2,433,376 | 2,403,848 |
| Receivables | US$ in thousands | 326,220 | 507,524 | 578,237 | 370,996 | 332,890 | 492,850 | 564,874 | 329,129 | 376,787 | 505,896 | 619,629 | 343,659 | 385,384 | 494,432 | 636,466 | 322,806 | 391,773 | 503,288 | 460,985 | 268,229 |
| Receivables turnover | 9.72 | 6.49 | 5.72 | 8.94 | 9.94 | 6.63 | 5.77 | 10.04 | 8.86 | 6.69 | 5.50 | 9.87 | 8.57 | 6.44 | 4.71 | 8.59 | 6.88 | 5.09 | 5.28 | 8.96 |
September 30, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $3,171,768K ÷ $326,220K
= 9.72
The receivables turnover of Central Garden & Pet Company has fluctuated over the periods analyzed. The receivables turnover ratio indicates how efficiently the company is able to collect outstanding receivables from its customers during a specific period.
Analyzing the data provided, we can see that the receivables turnover ratio ranged from 4.71 to 10.04 over the past several quarters. A higher receivables turnover ratio generally indicates that the company is effectively managing its accounts receivable and collecting payments from customers in a timely manner.
In particular, the company saw higher receivables turnover in the Dec 31, 2022, and Sep 30, 2023 quarters, with ratios of 10.04 and 9.94 respectively. This suggests that the company was efficient in collecting payments from customers during those periods.
On the other hand, the company experienced lower receivables turnover in the Mar 31, 2021, and Mar 31, 2020 quarters, with ratios of 4.71 and 5.09 respectively. This could indicate potential issues with collection efforts or delays in receiving payments from customers during those periods.
Overall, it is important for Central Garden & Pet Company to consistently monitor and manage its receivables turnover ratio to ensure efficient cash flow management and effective credit control practices.
Peer comparison
Sep 30, 2024