Central Garden & Pet Company (CENT)
Gross profit margin
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 943,735 | 972,236 | 973,230 | 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 |
| Revenue (ttm) | US$ in thousands | 3,171,768 | 3,295,756 | 3,308,168 | 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 |
| Gross profit margin | 29.75% | 29.50% | 29.42% | 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% |
September 30, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $943,735K ÷ $3,171,768K
= 29.75%
Central Garden & Pet Company's gross profit margin has exhibited stability over the past 5 years, averaging around 29%. The margin has ranged from a low of 28.61% to a high of 29.95% during this period. This indicates that the company has been able to consistently generate a profit after accounting for the direct costs of producing goods. However, there was a slight dip in the margin in Q4 of 2023, but it has since recovered and remained relatively steady. Overall, Central Garden & Pet Company has maintained a healthy gross profit margin, which is an essential indicator of its operational efficiency and ability to control production costs.
Peer comparison
Sep 30, 2024