Central Garden & Pet Company (CENT)
Total asset 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 |
| Total assets | US$ in thousands | 3,553,440 | 3,607,880 | 3,540,020 | 3,422,330 | 3,378,650 | 3,419,950 | 3,350,800 | 3,229,070 | 3,282,000 | 3,345,930 | 3,349,260 | 3,118,040 | 3,116,680 | 3,123,500 | 2,847,100 | 2,446,100 | 2,339,360 | 2,263,970 | 2,167,410 | 2,135,160 |
| Total asset turnover | 0.89 | 0.91 | 0.93 | 0.97 | 0.98 | 0.96 | 0.97 | 1.02 | 1.02 | 1.01 | 1.02 | 1.09 | 1.06 | 1.02 | 1.05 | 1.13 | 1.15 | 1.13 | 1.12 | 1.13 |
September 30, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,171,768K ÷ $3,553,440K
= 0.89
Central Garden & Pet Company's total asset turnover ratio has been relatively stable over the past 20 quarters. The ratio measures the efficiency with which the company is utilizing its assets to generate revenue. A higher total asset turnover indicates that the company is generating more revenue per dollar of assets.
Looking at the trend, we see a gradual decline in the total asset turnover ratio from around 1.13 in December 2019 to around 0.89 in September 2024. This decline suggests a potential decrease in the company's efficiency in generating sales from its assets over the period.
It is important to further investigate the factors contributing to this decline in total asset turnover to understand if it is due to changes in the company's operations, asset management, or other external factors. Furthermore, comparing the ratio with industry benchmarks or competitors can provide additional insights into Central Garden & Pet Company's performance relative to its peers in terms of asset utilization efficiency.
Peer comparison
Sep 30, 2024