Central Garden & Pet Company (CENT)
Total asset 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 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 | 2,383,010 | 2,344,580 | 2,295,948 |
| Total assets | US$ in thousands | 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 | 2,025,020 | 2,064,920 | 2,046,140 |
| Total asset turnover | 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 | 1.18 | 1.14 | 1.12 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,316,578K ÷ $3,422,330K
= 0.97
Central Garden & Pet Company's total asset turnover ratio has been relatively stable over the past few quarters, ranging from 0.96 to 1.09. The ratio indicates that, on average, the company generates around 0.96 to 1.09 units of revenue for each unit of total assets. This implies that the company is efficiently utilizing its assets to generate sales revenue.
While the ratio dipped slightly in the middle of the period, it generally remained above 1. This suggests that Central Garden & Pet Company is effectively managing its assets to generate revenue, with a higher ratio indicating better asset utilization.
Overall, the trend in the total asset turnover ratio indicates that Central Garden & Pet Company has been maintaining a relatively stable and efficient level of asset utilization to drive its revenue generation.
Peer comparison
Dec 31, 2023