Central Garden & Pet Company A (CENTA)
Payables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 3,069,673 | 3,089,304 | 3,114,031 | 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 |
| Payables | US$ in thousands | 212,606 | 191,041 | 237,310 | 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 |
| 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 |
September 30, 2024 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $3,069,673K ÷ $212,606K
= 14.44
The payables turnover ratio for Central Garden & Pet Company A has fluctuated over the past few quarters. The ratio indicates the number of times a company pays off its accounts payable during a specific period.
From Dec 2019 to Sep 2020, the payables turnover ratio remained relatively stable between 9.25 and 10.13. However, starting from Mar 2021, the ratio showed an increasing trend, reaching a peak of 16.45 in Sep 2023 before declining again.
The trend suggests that Central Garden & Pet Company A has been managing its accounts payable more efficiently in recent quarters, as indicated by the higher turnover ratios. This could be a positive sign of the company's ability to pay off its suppliers promptly and manage its working capital effectively.
The fluctuations in the payables turnover ratio should be further analyzed in conjunction with other financial metrics to gain a comprehensive understanding of the company's overall financial health and operational efficiency.
Peer comparison
Sep 30, 2024