Central Garden & Pet Company A (CENTA)
Number of days of payables
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 14.79 | 16.45 | 15.59 | 13.71 | 16.00 | 14.44 | 12.98 | 10.61 | 12.81 | 12.49 | 11.81 | 8.77 | 9.74 | 9.25 | 10.13 | 9.24 | 9.20 | 11.25 | 11.93 | 10.22 | |
| Number of days of payables | days | 24.68 | 22.19 | 23.41 | 26.62 | 22.82 | 25.28 | 28.11 | 34.41 | 28.50 | 29.23 | 30.91 | 41.61 | 37.49 | 39.45 | 36.02 | 39.49 | 39.68 | 32.45 | 30.60 | 35.71 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 14.79
= 24.68
Central Garden & Pet Company A's number of days of payables has shown some fluctuations in recent quarters. As of December 31, 2023, the company takes approximately 24.68 days to pay its payables, which indicates a relatively efficient management of its trade credit obligations. This figure has decreased compared to the previous quarter.
It is worth noting that the number of days of payables has been relatively stable over the past few quarters, with occasional fluctuations. However, the company seems to have improved its efficiency in managing its payables as the number of days required to pay its obligations has decreased.
Overall, a lower number of days of payables suggests that Central Garden & Pet Company A is utilizing its trade credit effectively, potentially benefiting from favorable credit terms or maintaining good relationships with its suppliers. This trend in managing payables efficiency is a positive indicator for the company's financial health.
Peer comparison
Dec 31, 2023