Central Garden & Pet Company A (CENTA)
Days of inventory on hand (DOH)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 4.05 | 3.94 | 3.41 | 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 | |
| DOH | days | 90.12 | 92.72 | 107.17 | 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 |
September 30, 2024 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.05
= 90.12
Central Garden & Pet Company A's days of inventory on hand (DOH) has shown some fluctuations over the past several quarters. The average DOH over the last 20 quarters is approximately 100.88 days, indicating that, on average, the company holds about 101 days' worth of inventory.
There has been some variability in DOH, with a range from a low of 81.58 days in Q4 2021 to a high of 120.38 days in Q4 2022. Generally, a higher DOH may suggest that the company is holding excess inventory, which could tie up capital and increase carrying costs. Conversely, a lower DOH may indicate more efficient inventory management, but may also point to potential stockouts or lost sales if inventory levels are too low.
Overall, it would be important for Central Garden & Pet Company A to carefully monitor and manage its inventory levels to ensure optimal balance between maintaining adequate stock for customer demand and minimizing carrying costs.
Peer comparison
Sep 30, 2024