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Cash Conversion Cycle is one of several measures of management effectiveness. It equals Days Sales Outstanding + Days Inventory - Days Payable.
Central Garden & Pet Co's Days Sales Outstanding for the
three
months ended in Dec. 2023 was 50.61.
Central Garden & Pet Co's Days Inventory for the
three
months ended in Dec. 2023 was 178.88.
Central Garden & Pet Co's Days Payable for the
three
months ended in Dec. 2023 was 40.36.
Therefore, Central Garden & Pet Co's Cash Conversion Cycle (CCC) for the
three
months ended in Dec. 2023 was 189.13.
The historical data trend for Central Garden & Pet Co's Cash Conversion Cycle can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Central Garden & Pet Co Annual Data | |||||||||||||||||||||
Trend | Sep14 | Sep15 | Sep16 | Sep17 | Sep18 | Sep19 | Sep20 | Sep21 | Sep22 | Sep23 | |||||||||||
Cash Conversion Cycle | Get a 7-Day Free Trial | 113.09 | 99.83 | 95.66 | 132.04 | 144.90 |
Central Garden & Pet Co Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Cash Conversion Cycle | Get a 7-Day Free Trial | 206.66 | 155.31 | 138.30 | 158.72 | 189.13 |
For the Packaged Foods subindustry, Central Garden & Pet Co's Cash Conversion Cycle, along with its competitors' market caps and Cash Conversion Cycle data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
For the Consumer Packaged Goods industry and Consumer Defensive sector, Central Garden & Pet Co's Cash Conversion Cycle distribution charts can be found below:
* The bar in red indicates where Central Garden & Pet Co's Cash Conversion Cycle falls into.
Cash Conversion Cycle (CCC) measures how fast a company can convert cash on hand into even more cash on hand. This metric looks at the amount of time needed to sell inventory, the amount of time needed to collect receivables and the length of time the company is afforded to pay its bills without incurring penalties.
Cash Conversion Cycle is one of several measures of management effectiveness.
Central Garden & Pet Co's Cash Conversion Cycle for the fiscal year that ended in Sep. 2023 is calculated as
Cash Conversion Cycle | = | Days Sales Outstanding | + | Days Inventory | - | Days Payable |
= | 39.13 | + | 137.17 | - | 31.4 | |
= | 144.90 |
Central Garden & Pet Co's Cash Conversion Cycle for the quarter that ended in Dec. 2023 is calculated as:
Cash Conversion Cycle | = | Days Sales Outstanding | + | Days Inventory | - | Days Payable |
= | 50.61 | + | 178.88 | - | 40.36 | |
= | 189.13 |
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Central Garden & Pet Co (NAS:CENT) Cash Conversion Cycle Explanation
Generally, the lower this number is, the better for the company. Although it should be combined with other metrics (such as ROE % and ROA %), it can be especially useful for comparing close competitors, because the company with the lowest CCC is often the one with better management.
Be Aware
CCC is most effective with retail-type companies, which have inventories that are sold to customers. Consulting businesses, software companies and insurance companies are all examples of companies for whom this metric is meaningless.
The CCC is one of several tools that can help you evaluate management, especially if it is calculated for several consecutive time periods and for several competitors. Decreasing or steady CCCs are good, while rising ones should motivate you to dig a bit deeper.
Thank you for viewing the detailed overview of Central Garden & Pet Co's Cash Conversion Cycle provided by GuruFocus.com. Please click on the following links to see related term pages.
John Edward Hanson | officer: Senior Vice President | C/O CENTRAL GARDEN & PET COMPANY, 1340 TREAT BOULEVARD, SUITE 600, WALNUT CREEK CA 94597 |
John Ranelli | director | C/O CENTRAL GARDEN & PET COMPANY, 1340 TREAT BOULEVARD, SUITE 600, WALNUT CREEK CA 94597 |
Brooks Iii Pennington | director | 1280 ATLANTA HWY, MADISON GA 30650 |
Howard Machek | officer: Chief Accounting Officer | C/O CENTRAL GARDEN & PET COMPANY, 1340 TREAT BLVD #600, WALNUT CREEK CA 94597 |
William E Brown | director, 10 percent owner, officer: Chairman | 3697 MOUNT DIABLO BLVD, SUITE 310, LAFAYETTE CA 94549 |
Nicholas Lahanas | officer: Chief Financial Officer | 4666 MISSION AVENUE, SUITE 1, SAN DIEGO CA 92116 |
George A. Yuhas | officer: General Counsel | C/O CENTRAL GARDEN & PET COMPANY, 1340 TREAT BOULEVARD, SUITE 600, WALNUT CREEK CA 94597 |
Brendan Dougher | director | C/O CENTRAL GARDEN & PET COMPANY, 1340 TREAT BOULEVARD, SUITE 600, WALNUT CREEK CA 94597 |
Thomas J Colligan | director | CORGENTECH INC, 650 GATEWAY BOULEVARD, SOUTH SAN FRANCISCO CA 94080 |
John Balousek | director | 303 PEACHTREE CENTER AVE, SUITE 500, ALTANTA GA 30303 |
William Lawrence Lynch | officer: Senior Vice President | C/O CENTRAL GARDEN & PET COMPANY, 1340 TREAT BLOULEVARD SUITE 600, WALNUT CREEK CA 94597 |
Mary Beth Springer | director | SPRINGER MARY BETH, 111 SYCAMORE AVENUE, SAN MATEO CA 94402 |
Michael Edwards | director | BORDERS GROUP, INC., 100 PHOENIX DRIVE, ANN ARBOR MI 48108 |
Christopher T Metz | director | BLACK & DECKER CORP, 701 EAST JOPPA ROAD, TOWSON MD 21286 |
Kay Schwichtenberg | officer: Executive Vice President | C/O CENTRAL GARDEN & PET COMPANY, 1340 TREAT BOULEVARD, SUITE 600, WALNUT CREEK CA 94597 |
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