Central Garden & Pet Company (CENT)
Return on assets (ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 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 | 92,786 | 100,914 | 96,307 |
| Total assets | US$ in thousands | 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 | 2,025,020 | 2,064,920 | 2,046,140 |
| ROA | 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% | 4.58% | 4.89% | 4.71% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $134,506K ÷ $3,422,330K
= 3.93%
Central Garden & Pet Company's return on assets (ROA) has fluctuated over the past several quarters, ranging from 3.38% to 5.65%. Generally, a higher ROA indicates the company is utilizing its assets more efficiently to generate profits. Central Garden & Pet's ROA peaked at 5.65% in the second quarter of 2021 but has since shown a slight decline. The company's ROA has hovered around the 4% to 5% range in recent quarters, suggesting consistent but moderate efficiency in converting assets into earnings. It is important for Central Garden & Pet to continue monitoring and improving its ROA to sustain profitability and enhance shareholder value.
Peer comparison
Dec 31, 2023