Central Garden & Pet Company (CENT)

Return on assets (ROA)

		Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Net income	US$ in thousands	107,983	125,643	152,152	151,746	120,676
Total assets	US$ in thousands	3,553,440	3,378,650	3,282,000	3,116,680	2,339,360
ROA		3.04%	3.72%	4.64%	4.87%	5.16%

September 30, 2024 calculation

ROA = Net income ÷ Total assets
= $107,983K ÷ $3,553,440K
= 3.04%

The return on assets (ROA) for Central Garden & Pet Company has been declining over the past five years. The ROA decreased from 5.16% in 2020 to 3.04% in 2024. This downward trend suggests that the company's ability to generate profits from its assets has weakened over time. A declining ROA may indicate inefficiencies in asset utilization, cost management, or declining profitability. It is important for the company to closely monitor and address the factors contributing to this decline in order to improve its financial performance and efficiency in utilizing its assets.

Peer comparison

Sep 30, 2024

Company name

Symbol

ROA

Central Garden & Pet Company

CENT

3.04%

Central Garden & Pet Company A