Central Garden & Pet Company A (CENTA)
Total asset 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,171,768 | 3,295,756 | 3,308,168 | 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 |
| Total assets | US$ in thousands | 3,553,440 | 3,607,880 | 3,540,020 | 3,422,330 | 3,378,650 | 3,419,950 | 3,350,800 | 3,229,070 | 3,282,000 | 3,345,930 | 3,349,260 | 3,118,040 | 3,116,680 | 3,123,500 | 2,847,100 | 2,446,100 | 2,339,360 | 2,263,970 | 2,167,410 | 2,135,160 |
| Total asset turnover | 0.89 | 0.91 | 0.93 | 0.97 | 0.98 | 0.96 | 0.97 | 1.02 | 1.02 | 1.01 | 1.02 | 1.09 | 1.06 | 1.02 | 1.05 | 1.13 | 1.15 | 1.13 | 1.12 | 1.13 |
September 30, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,171,768K ÷ $3,553,440K
= 0.89
Central Garden & Pet Company A's total asset turnover ratio has shown some fluctuations over the past few years. The total asset turnover measures the efficiency of the company in generating sales from its total assets. A higher ratio indicates that the company is utilizing its assets more efficiently to generate revenue.
Looking at the trend, we can see that the total asset turnover ratio has generally been in the range of 0.89 to 1.15 over the past few years. There was a decline in the ratio in the recent quarters from 1.13 in September 2020 to 0.89 in September 2024, indicating a decrease in the efficiency of the company in generating sales from its assets.
It's important to note that a lower total asset turnover ratio may suggest that the company is not effectively using its assets to drive sales, which could impact profitability in the long run. Management should focus on optimizing asset utilization to improve this ratio and enhance overall operational efficiency.
Peer comparison
Sep 30, 2024