Central Garden & Pet Company A (CENTA)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,316,578 | 3,309,592 | 3,267,352 | 3,259,572 | 3,305,089 | 3,338,693 | 3,382,118 | 3,405,108 | 3,390,545 | 3,304,411 | 3,185,718 | 2,995,231 | 2,773,382 | 2,695,509 | 2,560,284 | 2,433,376 | 2,403,848 | 2,383,010 | 2,344,580 | 2,295,948 |
| Receivables | US$ in thousands | 370,996 | 332,890 | 492,850 | 564,874 | 329,129 | 376,787 | 505,896 | 619,629 | 343,659 | 385,384 | 494,432 | 636,466 | 322,806 | 391,773 | 503,288 | 460,985 | 268,229 | 300,135 | 395,581 | 456,129 |
| Receivables turnover | 8.94 | 9.94 | 6.63 | 5.77 | 10.04 | 8.86 | 6.69 | 5.50 | 9.87 | 8.57 | 6.44 | 4.71 | 8.59 | 6.88 | 5.09 | 5.28 | 8.96 | 7.94 | 5.93 | 5.03 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $3,316,578K ÷ $370,996K
= 8.94
The receivables turnover for Central Garden & Pet Company A has exhibited some fluctuations over the past few quarters. The receivables turnover ratio measures how efficiently a company is able to collect its outstanding accounts receivable during a specific period. A higher ratio indicates that the company is collecting its receivables more quickly.
From the data provided, we see that the receivables turnover ratio has ranged from as low as 4.71 in March 2021 to as high as 10.04 in December 2022. This indicates variability in the company's ability to collect outstanding receivables in a timely manner.
The overall trend of the receivables turnover ratio does not show a clear direction over the period analyzed, as it fluctuates without a discernible pattern. However, it is important to note that a consistent and stable increase in the receivables turnover ratio would be indicative of better management of accounts receivable and potentially improved cash flow.
Further analysis and comparison with industry benchmarks would provide additional insights into the effectiveness of Central Garden & Pet Company A's accounts receivable management.
Peer comparison
Dec 31, 2023