Central Garden & Pet Company A (CENTA)
Total asset turnover
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,200,460 | 3,310,100 | 3,338,590 | 3,303,680 | 2,695,510 |
| Total assets | US$ in thousands | 3,553,440 | 3,378,650 | 3,282,000 | 3,116,680 | 2,339,360 |
| Total asset turnover | 0.90 | 0.98 | 1.02 | 1.06 | 1.15 |
September 30, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $3,200,460K ÷ $3,553,440K
= 0.90
The total asset turnover ratio measures a company's ability to generate sales from its assets. A higher ratio indicates that the company is more efficient in utilizing its assets to generate revenue.
Central Garden & Pet Company A's total asset turnover has been declining over the past five years, from 1.15 in 2020 to 0.90 in 2024. This trend suggests that the company may be becoming less efficient in generating sales from its assets over time.
A total asset turnover ratio of 0.90 in 2024 means that for every dollar of assets, the company generated $0.90 in sales. This could indicate that Central Garden & Pet Company A may need to improve its asset utilization to enhance its revenue generation in the future.
It is important for the company to closely monitor and analyze its asset turnover ratio to identify opportunities for improving efficiency and profitability.
Peer comparison
Sep 30, 2024