Central Garden & Pet Company (CENT)
Return on equity (ROE)
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 125,643 | 152,152 | 151,746 | 120,676 | 92,786 |
| Total stockholders’ equity | US$ in thousands | 1,451,350 | 1,333,710 | 1,222,250 | 1,076,800 | 996,007 |
| ROE | 8.66% | 11.41% | 12.42% | 11.21% | 9.32% |
September 30, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $125,643K ÷ $1,451,350K
= 8.66%
Central Garden & Pet Co.'s return on equity (ROE) has experienced some fluctuation over the past five years. In 2023, the ROE was 8.66%, a decrease from the previous year's 11.41%. This decline may indicate a decrease in the company's efficiency in generating profits from shareholders' equity. However, it is important to note that the company's ROE remains above 8%, suggesting that it is still generating a favorable return on the equity invested by shareholders.
Looking further back, the ROE was 12.42% in 2021 and 11.21% in 2020, indicating a relatively strong performance during those years. However, in 2019, the ROE was 9.32%, reflecting a slight decrease compared to 2020 and 2021.
Overall, the trend in Central Garden & Pet Co.'s ROE shows some variability, with fluctuations in the range of single digits over the past five years. It would be important to dig deeper into the company's financials and operations to understand the factors driving these fluctuations and assess the company's overall performance and financial health.
Peer comparison
Sep 30, 2023