Central Garden & Pet Company (CENT)
Liquidity ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 3.66 | 3.66 | 3.33 | 3.47 | 3.73 | 3.51 | 3.47 | 3.58 | 3.34 | 3.16 | 2.85 | 2.98 | 2.96 | 3.29 | 2.62 | 3.51 | 3.46 | 3.81 | 3.81 | 3.84 |
| Quick ratio | 2.10 | 2.07 | 1.58 | 1.44 | 1.79 | 1.66 | 1.31 | 0.99 | 1.19 | 1.36 | 1.18 | 1.25 | 1.55 | 1.98 | 1.26 | 2.11 | 2.37 | 2.59 | 2.22 | 2.08 |
| Cash ratio | 1.46 | 1.09 | 0.54 | 0.69 | 1.07 | 0.67 | 0.13 | 0.21 | 0.38 | 0.38 | 0.09 | 0.58 | 0.82 | 1.01 | 0.07 | 1.38 | 1.48 | 1.29 | 0.93 | 1.30 |
Central Garden & Pet Company's liquidity ratios show a generally healthy liquidity position over the past few quarters. The current ratio has been consistently above 3, indicating that the company has more than enough current assets to cover its current liabilities. This suggests a strong ability to meet short-term obligations.
The quick ratio, which is a more stringent measure of liquidity as it excludes inventory from current assets, has also remained above 1 in most periods. Although there are fluctuations, the company still maintains a sufficient level of quick assets to cover its immediate liabilities.
The cash ratio, representing the most liquid assets to cover current liabilities, has shown some volatility but generally stayed above 1 in recent quarters. This indicates that the company has a comfortable level of cash and cash equivalents to meet its short-term obligations without relying too much on other current assets.
Overall, Central Garden & Pet Company's liquidity ratios demonstrate a solid liquidity position, with a consistent ability to meet its short-term financial commitments.
Additional liquidity measure
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash conversion cycle | days | 102.38 | 126.36 | 143.16 | 126.45 | 111.97 | 133.78 | 150.87 | 133.91 | 125.86 | 129.40 | 134.83 | 106.85 | 94.92 | 107.44 | 136.32 | 104.32 | 98.10 | 121.56 | 138.96 | 120.62 |
The cash conversion cycle of Central Garden & Pet Company has shown fluctuating trends over the past few quarters. The company's ability to convert its investments in inventory and receivables into cash has been variable.
In the most recent quarter, the cash conversion cycle was 102.38 days, indicating that it took the company approximately 102 days to convert its investments in inventory and receivables into cash. This represents an improvement from the previous quarter where the cycle was 126.36 days.
While the company managed to reduce its cash conversion cycle in the latest quarter, the overall trend has shown fluctuations over the past several quarters. It is important for Central Garden & Pet Company to continue monitoring and managing its inventory levels and accounts receivable effectively to optimize its cash conversion cycle and overall liquidity position.