Central Garden & Pet Company A (CENTA)
Number of days of payables
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Payables turnover | 14.44 | 16.17 | 13.12 | 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 | |
| Number of days of payables | days | 25.28 | 22.57 | 27.82 | 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 |
September 30, 2024 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 14.44
= 25.28
Central Garden & Pet Company A has shown fluctuations in its number of days of payables over the past several quarters. As of September 30, 2024, the company took an average of 25.28 days to pay its suppliers, which was slightly higher compared to the previous quarter. This indicates that the company is taking slightly longer to settle its payables.
It is important to note that the number of days of payables has been relatively consistent over the past few quarters, with some quarters showing a slight uptrend. The company's ability to manage its payables efficiently can impact its liquidity and cash flow position.
Overall, a careful analysis of the company's payables management is essential to understand its working capital dynamics and financial health. Further examination of the trends and factors affecting the number of days of payables can provide valuable insights into Central Garden & Pet Company A's operational efficiency and financial performance.
Peer comparison
Sep 30, 2024