Central Garden & Pet Company (CENT)
Gross profit margin
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 953,988 | 946,842 | 949,080 | 938,654 | 965,808 | 992,305 | 1,005,385 | 1,018,069 | 1,003,678 | 970,901 | 954,245 | 895,995 | 830,711 | 796,558 | 748,967 | 706,191 | 705,125 | 704,041 | 702,535 | 685,315 |
| 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 |
| Gross profit margin | 28.76% | 28.61% | 29.05% | 28.80% | 29.22% | 29.72% | 29.73% | 29.90% | 29.60% | 29.38% | 29.95% | 29.91% | 29.95% | 29.55% | 29.25% | 29.02% | 29.33% | 29.54% | 29.96% | 29.85% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $953,988K ÷ $3,316,578K
= 28.76%
Central Garden & Pet Company's gross profit margin has exhibited some fluctuation over the past few quarters. The company's gross profit margin ranged from a low of 28.61% in September 2023 to a high of 29.72% in September 2022. Overall, the gross profit margin has generally been in the range of 28.5% to 29.5% in recent periods.
The highest gross profit margin in the data provided was observed in September 2022 at 29.72%, while the lowest was in September 2023 at 28.61%. This indicates some variability in the company's ability to generate profit from its sales over the quarters.
It is important to note that a higher gross profit margin indicates that the company is able to effectively control its production costs and generate more profit from its sales. Central Garden & Pet Company's gross profit margin has generally remained within a relatively narrow range, suggesting a consistent level of efficiency in managing production costs relative to revenue over the analyzed periods.
Peer comparison
Dec 31, 2023