Central Net Receivables vs Accounts Payable Analysis

CENTA Stock

USD 39.60 1.24 3.04%

Central Garden financial indicator trend analysis is way more than just evaluating Central Garden Pet prevailing accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Central Garden Pet is a good investment. Please check the relationship between Central Garden Net Receivables and its Accounts Payable accounts. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Central Garden Pet. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.

Net Receivables vs Accounts Payable

Net Receivables vs Accounts Payable Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Central Garden Pet Net Receivables account and Accounts Payable. At this time, the significance of the direction appears to have almost identical trend.

The correlation between Central Garden's Net Receivables and Accounts Payable is 0.92. Overlapping area represents the amount of variation of Net Receivables that can explain the historical movement of Accounts Payable in the same time period over historical financial statements of Central Garden Pet, assuming nothing else is changed. The correlation between historical values of Central Garden's Net Receivables and Accounts Payable is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Net Receivables of Central Garden Pet are associated (or correlated) with its Accounts Payable. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Accounts Payable has no effect on the direction of Net Receivables i.e., Central Garden's Net Receivables and Accounts Payable go up and down completely randomly.

Correlation Coefficient

0.92

Relationship Direction	Positive
Relationship Strength	Very Strong

View All Relationships

Net Receivables

Accounts Payable

An accounting item on the balance sheet that represents Central Garden obligation to pay off a short-term debt to its creditors. The accounts payable entry is usually reported under current liabilities. If accounts payable of Central Garden Pet are not paid within the agreed terms, the payables are considered to be in default, which may trigger a penalty or interest payment, or the revocation of additional credit from the supplier. Accounts payable may also be considered a source of cash, since they represent funds being borrowed from suppliers. Given these cash flow considerations, suppliers have a natural inclination to push for shorter payment terms, while creditors want to lengthen the payment terms. The amount a company owes to suppliers or vendors for products or services received but not yet paid for. It represents the company's short-term liabilities.

Most indicators from Central Garden's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Central Garden Pet current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Central Garden Pet. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.

At present, Central Garden's Enterprise Value Over EBITDA is projected to drop slightly based on the last few years of reporting. The current year's Enterprise Value Multiple is expected to grow to 7.18, whereas Selling General Administrative is forecasted to decline to about 300.9 M.

	2021	2022	2023	2024 (projected)
Interest Expense	58.3M	57.0M	65.6M	36.4M
Depreciation And Amortization	78.1M	87.7M	100.9M	105.9M

Interest Expense Depreciation And Amortization

Central Garden fundamental ratios Correlations

	Total Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Accounts Payable	Cash	Non Current Assets Total	Non Currrent Assets Other	Cash And Short Term Investments	Net Receivables	Common Stock Shares Outstanding	Non Current Liabilities Total	Inventory	Other Current Assets	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Term Debt	Intangible Assets	Good Will	Common Stock
Total Assets		0.99	0.83	0.96	0.99	0.99	0.85	0.98	0.81	0.77	0.98	0.27	0.77	0.74	0.53	0.99	0.97	0.2	0.77	1.0	0.99	0.98	0.7	0.89	0.86	0.57
Short Long Term Debt Total	0.99		0.81	0.96	0.97	0.99	0.89	0.97	0.81	0.72	0.99	0.3	0.72	0.71	0.48	1.0	0.98	0.15	0.73	1.0	0.99	0.95	0.73	0.89	0.85	0.52
Other Current Liab	0.83	0.81		0.85	0.85	0.79	0.54	0.82	0.68	0.85	0.78	0.52	0.85	0.64	0.5	0.8	0.72	0.18	0.68	0.82	0.79	0.87	0.52	0.59	0.61	0.54
Total Current Liabilities	0.96	0.96	0.85		0.94	0.97	0.81	0.95	0.88	0.76	0.95	0.38	0.76	0.77	0.47	0.95	0.91	0.23	0.75	0.97	0.97	0.94	0.77	0.8	0.8	0.49
Total Stockholder Equity	0.99	0.97	0.85	0.94		0.96	0.78	0.98	0.78	0.82	0.96	0.23	0.82	0.75	0.57	0.97	0.95	0.23	0.78	0.97	0.96	0.99	0.64	0.88	0.85	0.61
Property Plant And Equipment Net	0.99	0.99	0.79	0.97	0.96		0.9	0.97	0.8	0.69	0.99	0.23	0.69	0.7	0.47	0.99	0.98	0.17	0.73	0.99	1.0	0.94	0.75	0.92	0.86	0.51
Net Debt	0.85	0.89	0.54	0.81	0.78	0.9		0.81	0.67	0.33	0.92	0.21	0.33	0.53	0.37	0.9	0.93	0.13	0.58	0.88	0.9	0.73	0.67	0.86	0.8	0.39
Retained Earnings	0.98	0.97	0.82	0.95	0.98	0.97	0.81		0.76	0.79	0.97	0.23	0.78	0.68	0.42	0.97	0.95	0.18	0.7	0.98	0.97	0.96	0.77	0.92	0.84	0.46
Accounts Payable	0.81	0.81	0.68	0.88	0.78	0.8	0.67	0.76		0.66	0.78	0.45	0.66	0.92	0.59	0.79	0.74	0.3	0.86	0.82	0.8	0.8	0.62	0.57	0.82	0.58
Cash	0.77	0.72	0.85	0.76	0.82	0.69	0.33	0.79	0.66		0.66	0.3	1.0	0.68	0.43	0.71	0.62	0.11	0.65	0.73	0.69	0.87	0.5	0.55	0.56	0.48
Non Current Assets Total	0.98	0.99	0.78	0.95	0.96	0.99	0.92	0.97	0.78	0.66		0.28	0.65	0.68	0.47	0.99	0.99	0.19	0.71	0.99	0.99	0.93	0.74	0.92	0.86	0.5
Non Currrent Assets Other	0.27	0.3	0.52	0.38	0.23	0.23	0.21	0.23	0.45	0.3	0.28		0.3	0.33	0.15	0.27	0.14	0.22	0.24	0.29	0.23	0.25	0.23	-0.1	0.11	0.15
Cash And Short Term Investments	0.77	0.72	0.85	0.76	0.82	0.69	0.33	0.78	0.66	1.0	0.65	0.3		0.68	0.44	0.71	0.62	0.1	0.65	0.73	0.69	0.87	0.49	0.55	0.56	0.49
Net Receivables	0.74	0.71	0.64	0.77	0.75	0.7	0.53	0.68	0.92	0.68	0.68	0.33	0.68		0.8	0.71	0.66	0.4	0.94	0.73	0.7	0.78	0.37	0.5	0.82	0.79
Common Stock Shares Outstanding	0.53	0.48	0.5	0.47	0.57	0.47	0.37	0.42	0.59	0.43	0.47	0.15	0.44	0.8		0.5	0.5	0.48	0.89	0.5	0.47	0.58	-0.14	0.33	0.64	0.99
Non Current Liabilities Total	0.99	1.0	0.8	0.95	0.97	0.99	0.9	0.97	0.79	0.71	0.99	0.27	0.71	0.71	0.5		0.98	0.16	0.74	1.0	0.99	0.95	0.71	0.91	0.86	0.54
Inventory	0.97	0.98	0.72	0.91	0.95	0.98	0.93	0.95	0.74	0.62	0.99	0.14	0.62	0.66	0.5	0.98		0.18	0.72	0.98	0.98	0.92	0.68	0.95	0.88	0.53
Other Current Assets	0.2	0.15	0.18	0.23	0.23	0.17	0.13	0.18	0.3	0.11	0.19	0.22	0.1	0.4	0.48	0.16	0.18		0.39	0.18	0.17	0.2	-0.09	0.09	0.27	0.44
Other Stockholder Equity	0.77	0.73	0.68	0.75	0.78	0.73	0.58	0.7	0.86	0.65	0.71	0.24	0.65	0.94	0.89	0.74	0.72	0.39		0.75	0.73	0.8	0.28	0.57	0.85	0.87
Total Liab	1.0	1.0	0.82	0.97	0.97	0.99	0.88	0.98	0.82	0.73	0.99	0.29	0.73	0.73	0.5	1.0	0.98	0.18	0.75		0.99	0.96	0.73	0.89	0.86	0.53
Property Plant And Equipment Gross	0.99	0.99	0.79	0.97	0.96	1.0	0.9	0.97	0.8	0.69	0.99	0.23	0.69	0.7	0.47	0.99	0.98	0.17	0.73	0.99		0.94	0.75	0.92	0.86	0.51
Total Current Assets	0.98	0.95	0.87	0.94	0.99	0.94	0.73	0.96	0.8	0.87	0.93	0.25	0.87	0.78	0.58	0.95	0.92	0.2	0.8	0.96	0.94		0.63	0.83	0.82	0.62
Short Term Debt	0.7	0.73	0.52	0.77	0.64	0.75	0.67	0.77	0.62	0.5	0.74	0.23	0.49	0.37	-0.14	0.71	0.68	-0.09	0.28	0.73	0.75	0.63		0.71	0.57	-0.12
Intangible Assets	0.89	0.89	0.59	0.8	0.88	0.92	0.86	0.92	0.57	0.55	0.92	-0.1	0.55	0.5	0.33	0.91	0.95	0.09	0.57	0.89	0.92	0.83	0.71		0.83	0.36
Good Will	0.86	0.85	0.61	0.8	0.85	0.86	0.8	0.84	0.82	0.56	0.86	0.11	0.56	0.82	0.64	0.86	0.88	0.27	0.85	0.86	0.86	0.82	0.57	0.83		0.64
Common Stock	0.57	0.52	0.54	0.49	0.61	0.51	0.39	0.46	0.58	0.48	0.5	0.15	0.49	0.79	0.99	0.54	0.53	0.44	0.87	0.53	0.51	0.62	-0.12	0.36	0.64

Click cells to compare fundamentals

Central Garden Account Relationship Matchups

Central Garden fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Assets	2.3B	3.1B	3.3B	3.4B	3.9B	4.1B
Short Long Term Debt Total	814.1M	1.4B	1.4B	1.4B	1.6B	1.7B
Other Current Liab	201.4M	235.0M	54.4M	216.2M	248.7M	261.1M
Total Current Liabilities	440.3M	522.3M	465.9M	458.0M	526.7M	553.0M
Total Stockholder Equity	1.1B	1.2B	1.3B	1.5B	1.7B	1.8B
Property Plant And Equipment Net	360.5M	494.2M	583.3M	565.3M	650.1M	682.6M
Net Debt	161.4M	930.2M	1.2B	885.7M	1.0B	1.1B
Retained Earnings	510.8M	646.1M	755.3M	859.4M	988.3M	1.0B
Accounts Payable	205.2M	245.5M	215.7M	190.9M	219.5M	135.0M
Cash	652.7M	426.4M	177.4M	488.7M	562.0M	590.1M
Non Current Assets Total	814.1M	1.6B	1.7B	1.7B	1.9B	2.0B
Non Currrent Assets Other	28.7M	575.0M	(130.8M)	62.6M	71.9M	45.4M
Cash And Short Term Investments	652.7M	426.4M	177.4M	488.7M	562.0M	590.1M
Net Receivables	391.8M	385.4M	376.8M	332.9M	382.8M	211.5M
Common Stock Shares Outstanding	54.7M	55.2M	54.4M	53.4M	61.4M	44.7M
Liabilities And Stockholders Equity	2.3B	3.1B	3.3B	3.4B	3.9B	4.1B
Non Current Liabilities Total	821.4M	1.4B	1.5B	1.5B	1.7B	1.8B
Inventory	439.6M	685.2M	938M	838.2M	963.9M	1.0B
Other Current Assets	43.1M	41.2M	46.6M	33.2M	38.1M	31.4M
Other Stockholder Equity	566.9M	576.4M	582.1M	594.4M	683.6M	419.0M
Total Liab	1.3B	1.9B	1.9B	1.9B	2.2B	2.3B
Property Plant And Equipment Gross	360.5M	494.2M	583.3M	565.3M	650.1M	682.6M
Total Current Assets	1.5B	1.5B	1.6B	1.7B	2.0B	2.1B
Accumulated Other Comprehensive Income	(1.4M)	(831K)	(4.1M)	(3.0M)	(3.4M)	(3.6M)
Short Term Debt	33.6M	41.8M	48.4M	50.8M	45.8M	48.0M
Intangible Assets	134.9M	134.4M	543.2M	497.2M	571.8M	600.4M
Good Will	286.1M	290.0M	369.4M	546.4M	628.4M	314.4M
Common Stock	548K	552K	542K	537K	617.6K	490.3K
Common Stock Total Equity	115K	548K	552K	542K	623.3K	654.5K
Other Liab	57.3M	41.0M	56.0M	147.4M	169.5M	178.0M
Other Assets	37K	24K	31K	110K	99K	94.1K
Long Term Debt	694.0M	1.2B	1.2B	1.2B	1.4B	1.4B
Property Plant Equipment	245.4M	244.7M	494.2M	583.3M	670.8M	704.4M
Net Tangible Assets	563.8M	738.4M	718.4M	244.1M	280.7M	422.9M

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When determining whether Central Garden Pet offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Central Garden's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Central Garden Pet Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Central Garden Pet Stock:

How To Invest In Central

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Is Central Stock a good investment?

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What is Central Garden's Net Worth?

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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Central Garden Pet. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.

You can also try the Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.

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When running Central Garden's price analysis, check to measure Central Garden's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Central Garden is operating at the current time. Most of Central Garden's value examination focuses on studying past and present price action to predict the probability of Central Garden's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Central Garden's price. Additionally, you may evaluate how the addition of Central Garden to your portfolios can decrease your overall portfolio volatility.

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Is Central Garden's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Central Garden. If investors know Central will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Central Garden listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

0.292

Earnings Share

2.22

Revenue Per Share

63.167

Quarterly Revenue Growth

(0.01)

Return On Assets

0.0473

The market value of Central Garden Pet is measured differently than its book value, which is the value of Central that is recorded on the company's balance sheet. Investors also form their own opinion of Central Garden's value that differs from its market value or its book value, called intrinsic value, which is Central Garden's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Central Garden's market value can be influenced by many factors that don't directly affect Central Garden's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Central Garden's value and its price as these two are different measures arrived at by different means. Investors typically determine if Central Garden is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Central Garden's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Central Net Receivables vs Accounts Payable Analysis

Net Receivables vs Accounts Payable

Net Receivables vs Accounts Payable Correlation Analysis

Correlation Coefficient

Net Receivables

Accounts Payable

Central Garden fundamental ratios Correlations

Central Garden Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Central Garden fundamental ratios Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Liab	+ 1.0	Total Assets
Non Current Liabilities Total	+ 1.0	Short Long Term Debt Total
Total Liab	+ 1.0	Short Long Term Debt Total
Property Plant And Equipment Gross	+ 1.0	Property Plant And Equipment Net
Cash And Short Term Investments	+ 1.0	Cash
Total Liab	+ 1.0	Non Current Liabilities Total

Short Term Debt	- 0.14	Common Stock Shares Outstanding
Common Stock	- 0.12	Short Term Debt
Intangible Assets	- 0.1	Non Currrent Assets Other
Short Term Debt	- 0.09	Other Current Assets