Central Garden & Pet Company A (CENTA)
Payables turnover
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 3,138,351 | 3,139,487 | 3,093,103 | 3,089,263 | 3,105,825 | 3,113,752 | 3,130,030 | 3,152,565 | 3,135,682 | 3,065,688 | 2,799,520 | 2,447,109 | 2,112,579 | 1,898,951 | 1,811,317 | 1,727,185 | 1,698,723 | 1,678,969 | 1,642,045 | 1,610,633 |
| Payables | US$ in thousands | 212,193 | 190,902 | 198,406 | 225,311 | 194,159 | 215,681 | 241,093 | 297,194 | 244,826 | 245,542 | 237,050 | 278,969 | 216,991 | 205,234 | 178,728 | 186,871 | 184,659 | 149,246 | 137,668 | 157,596 |
| 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 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $3,138,351K ÷ $212,193K
= 14.79
The payables turnover ratio for Central Garden & Pet Company A has fluctuated over the reported periods. A higher payables turnover ratio implies that the company is paying off its suppliers more frequently, which could indicate efficient management of payables.
On the other hand, a lower payables turnover ratio could imply that the company is taking longer to pay off its suppliers, potentially indicating cash flow constraints or lenient credit terms.
Looking at the trend, the payables turnover ratio has shown an overall increasing trend over the periods, indicating that the company is managing its payables more efficiently. However, there are some fluctuations within the trend, which may require further investigation to understand the reasons behind these fluctuations.
It is also important to compare the payables turnover ratio of Central Garden & Pet Company A with industry averages and competitors to gain more insights into its payables management efficiency.
Peer comparison
Dec 31, 2023