Central Garden & Pet Company (CENT)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 107,983 | 144,976 | 148,378 | 134,506 | 125,643 | 120,818 | 113,112 | 134,710 | 152,152 | 151,135 | 151,901 | 155,142 | 151,746 | 168,342 | 160,956 | 130,706 | 120,676 | 109,527 | 86,879 | 86,566 |
| 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 |
| ROA | 3.04% | 4.02% | 4.19% | 3.93% | 3.72% | 3.53% | 3.38% | 4.17% | 4.64% | 4.52% | 4.54% | 4.98% | 4.87% | 5.39% | 5.65% | 5.34% | 5.16% | 4.84% | 4.01% | 4.05% |
September 30, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $107,983K ÷ $3,553,440K
= 3.04%
Central Garden & Pet Company's return on assets (ROA) has exhibited fluctuations over the past few years. The ROA indicates the company's ability to generate profits relative to its total assets. From Dec 31, 2019, to Sep 30, 2024, the ROA has ranged from 3.04% to 5.65%.
The ROA peaked at 5.65% in Mar 31, 2021, indicating that the company was effectively utilizing its assets to generate profits at that time. Subsequently, the ROA showed some variability but generally remained within the range of 3.04% to 5.34%. This suggests that the company's profitability in relation to its assets has been relatively stable and decent.
It is worth noting that while the ROA has fluctuated, the overall trend has been positive, with most values above 4%. This indicates that Central Garden & Pet Company has been successful in efficiently utilizing its assets to generate profits over the past few years, although there may have been some variability in performance.
Peer comparison
Sep 30, 2024