Central Garden & Pet Company A (CENTA)
Days of inventory on hand (DOH)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 3.31 | 3.75 | 3.57 | 3.20 | 3.03 | 3.32 | 3.55 | 3.55 | 3.71 | 4.47 | 4.47 | 3.64 | 3.67 | 4.32 | 4.25 | 3.34 | 3.05 | 3.60 | 3.53 | 3.11 | |
| DOH | days | 110.30 | 97.45 | 102.13 | 114.24 | 120.38 | 109.95 | 102.91 | 102.82 | 98.35 | 81.58 | 81.70 | 100.37 | 99.32 | 84.50 | 85.83 | 109.30 | 119.57 | 101.35 | 103.34 | 117.20 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.31
= 110.30
The days of inventory on hand (DOH) for Central Garden & Pet Company A have shown some fluctuations over the past several quarters. The trend indicates that the company has been keeping inventory for relatively longer periods in some quarters compared to others.
The average DOH over the timeframe is approximately 101 days, with a range of 81 to 120 days. This suggests that the company, on average, holds inventory for approximately three and a half months before it is sold.
An increasing DOH over time could signify possible issues with inventory management, such as overstocking or slow-moving inventory. Conversely, a decreasing DOH could indicate more efficient inventory turnover and potentially better sales performance.
It is essential for Central Garden & Pet Company A to monitor its DOH closely and ensure that it strikes a balance between having enough inventory to meet demand while not tying up excess capital in excess stock. This ratio can provide insights into the company's efficiency in managing its inventory levels and overall operational performance.
Peer comparison
Dec 31, 2023