Central Garden & Pet Company A (CENTA)
Fixed 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 |
| Property, plant and equipment | US$ in thousands | 379,166 | 384,373 | 387,203 | 389,440 | 391,768 | 392,332 | 395,788 | 396,675 | 396,979 | 390,326 | 384,940 | 340,133 | 328,571 | 306,029 | 295,769 | 252,157 | 244,667 | 239,240 | 241,878 | 241,795 |
| Fixed asset turnover | 8.37 | 8.57 | 8.54 | 8.52 | 8.45 | 8.33 | 8.24 | 8.33 | 8.41 | 8.66 | 8.85 | 9.97 | 10.06 | 10.41 | 10.13 | 11.00 | 11.02 | 10.70 | 10.06 | 9.94 |
September 30, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $3,171,768K ÷ $379,166K
= 8.37
Central Garden & Pet Company A has demonstrated a relatively stable fixed asset turnover over the past few quarters. The fixed asset turnover ratio measures how efficiently the company is generating revenue from its fixed assets. A higher fixed asset turnover indicates that the company is utilizing its fixed assets effectively to generate sales.
Looking at the trend, the fixed asset turnover ratio has been consistently high, ranging between 8.24 and 11.02 over the past eight quarters. This indicates that Central Garden & Pet Company A has been able to generate significant revenue relative to its investment in fixed assets.
The company's ability to maintain a high fixed asset turnover suggests efficient management of its fixed assets, which is crucial for sustaining profitability and growth. The relatively stable trend in fixed asset turnover indicates that the company has been able to consistently utilize its fixed assets to drive revenue, potentially through effective operational strategies or capital investments.
Overall, the consistent high fixed asset turnover of Central Garden & Pet Company A reflects strong efficiency in utilizing its fixed assets to generate revenue, which bodes well for its financial performance and operational effectiveness.
Peer comparison
Sep 30, 2024