Central Garden & Pet Company (CENT)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 185,387 | 227,164 | 234,058 | 218,652 | 210,646 | 214,175 | 205,424 | 234,228 | 260,036 | 256,743 | 255,905 | 253,670 | 254,496 | 270,058 | 261,457 | 222,952 | 197,977 | 183,673 | 147,904 | 143,952 |
| Total assets | US$ in thousands | 3,553,440 | 3,607,880 | 3,540,020 | 3,422,330 | 3,378,650 | 3,419,950 | 3,350,800 | 3,229,070 | 3,282,000 | 3,345,930 | 3,349,260 | 3,118,040 | 3,116,680 | 3,123,500 | 2,847,100 | 2,446,100 | 2,339,360 | 2,263,970 | 2,167,410 | 2,135,160 |
| Operating ROA | 5.22% | 6.30% | 6.61% | 6.39% | 6.23% | 6.26% | 6.13% | 7.25% | 7.92% | 7.67% | 7.64% | 8.14% | 8.17% | 8.65% | 9.18% | 9.11% | 8.46% | 8.11% | 6.82% | 6.74% |
September 30, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $185,387K ÷ $3,553,440K
= 5.22%
The operating return on assets (ROA) for Central Garden & Pet Company has shown a general upward trend over the past few quarters, indicating improving operational efficiency in generating profits relative to its total assets. The operating ROA ranged from 5.22% to 9.18% during the period under review, with the latest figure standing at 5.22%.
While the operating ROA experienced some fluctuations, it remained relatively stable above 6% for most of the quarters, peaking at 9.18% in the first quarter of 2021. This suggests that the company has been effectively utilizing its assets to generate operating profits during these periods.
It is worth noting that the operating ROA dipped slightly in the most recent quarter compared to the previous quarters, which could be an area of concern and warrants further investigation. Overall, the trend indicates that Central Garden & Pet Company has been successful in managing its operations to generate profits relative to its asset base, though continued monitoring is advisable to ensure sustained performance.
Peer comparison
Sep 30, 2024