Central Garden & Pet Company A (CENTA)
Working capital 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 current assets | US$ in thousands | 1,714,060 | 1,707,120 | 1,741,680 | 1,653,880 | 1,512,620 | 1,553,850 | 1,633,240 | 1,623,890 | 1,531,720 | 1,543,660 | 1,682,750 | 1,407,190 | 1,547,710 | 1,525,280 | 1,467,290 | 1,358,930 | 1,321,080 | 1,307,190 | 1,349,630 | 1,352,290 |
| Total current liabilities | US$ in thousands | 494,171 | 457,987 | 496,387 | 475,949 | 423,039 | 465,892 | 516,187 | 570,749 | 513,350 | 522,319 | 511,007 | 536,763 | 441,212 | 440,262 | 385,250 | 357,100 | 343,860 | 278,525 | 278,813 | 299,128 |
| Working capital turnover | 2.72 | 2.65 | 2.62 | 2.77 | 3.03 | 3.07 | 3.03 | 3.23 | 3.33 | 3.24 | 2.72 | 3.44 | 2.51 | 2.48 | 2.37 | 2.43 | 2.46 | 2.32 | 2.19 | 2.18 |
December 31, 2023 calculation
Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $3,316,578K ÷ ($1,714,060K – $494,171K)
= 2.72
The working capital turnover ratio for Central Garden & Pet Company A has fluctuated over the past several quarters, indicating varying efficiencies in utilizing its working capital to generate sales.
From March 2019 to December 2020, the company's working capital turnover ratio ranged from 2.18 to 3.44, with a general increasing trend over this period. This indicates that the company was able to generate revenue more efficiently using its working capital during this time.
However, from March 2021 to December 2023, the working capital turnover ratio fluctuated between 2.37 and 3.33, showing some volatility in the efficiency of working capital utilization. Despite the fluctuations, the company managed to maintain a working capital turnover ratio above 2.0 throughout this period, suggesting that it generally used its working capital effectively to generate sales.
Overall, the analysis of Central Garden & Pet Company A's working capital turnover ratio indicates that the company has been relatively efficient in managing its working capital to generate revenue, with some fluctuations observed in recent quarters.
Peer comparison
Dec 31, 2023