Central Garden & Pet Company A (CENTA)
Number of days of payables
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 10.61 | 12.38 | 10.88 | 9.50 | 9.25 | |
| Number of days of payables | days | 34.39 | 29.48 | 33.55 | 38.42 | 39.45 |
September 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 10.61
= 34.39
Central Garden & Pet Company A's number of days of payables has fluctuated over the past five years. From September 2020 to September 2021, the number of days of payables increased from 39.45 days to 38.42 days, indicating a slight improvement in the company's efficiency in paying its creditors. However, this trend reversed in the following years, as the number of days of payables increased to 33.55 days in September 2022 and further to 29.48 days in September 2023.
In the most recent period ending September 2024, the number of days of payables increased to 34.39 days. This suggests that the company is taking slightly longer to pay its suppliers compared to the previous year. It is essential for Central Garden & Pet Company A to monitor and manage its payables effectively to ensure timely payments while maintaining good relationships with its suppliers and optimizing its working capital management.
Peer comparison
Sep 30, 2024