Central Garden & Pet Company A (CENTA)
Total asset 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 |
| Total assets | US$ in thousands | 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 | 2,025,020 | 2,064,920 | 2,046,140 |
| Total asset turnover | 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 | 1.18 | 1.14 | 1.12 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,316,578K ÷ $3,422,330K
= 0.97
The total asset turnover for Central Garden & Pet Company A has shown some fluctuations over the past few quarters. The ratio indicates how efficiently the company is utilizing its assets to generate revenue.
From Dec 2019 to Jun 2021, the total asset turnover was steadily increasing from 1.13 to 1.06 before reaching a peak of 1.09. However, in the subsequent quarters, the ratio declined to 0.96 in Jun 2022, only to rise again to 1.02 by Sep 2022.
For the most recent quarters, the total asset turnover has been hovering around 0.97 to 0.98, indicating a slight decrease in asset utilization efficiency compared to the peak period. It is important for the company to closely monitor and analyze the trends in total asset turnover to ensure optimal utilization of its assets in generating revenue.
Peer comparison
Dec 31, 2023