Central Garden & Pet Company (CENT)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 1,555,650 | 1,593,650 | 1,510,790 | 1,451,890 | 1,451,350 | 1,445,530 | 1,371,090 | 1,322,850 | 1,333,710 | 1,351,020 | 1,293,090 | 1,228,230 | 1,222,250 | 1,240,360 | 1,160,570 | 1,086,590 | 1,076,800 | 1,059,420 | 993,013 | 973,124 |
| ROE | 6.94% | 9.10% | 9.82% | 9.26% | 8.66% | 8.36% | 8.25% | 10.18% | 11.41% | 11.19% | 11.75% | 12.63% | 12.42% | 13.57% | 13.87% | 12.03% | 11.21% | 10.34% | 8.75% | 8.90% |
September 30, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $107,983K ÷ $1,555,650K
= 6.94%
Central Garden & Pet Company's return on equity (ROE) has shown some fluctuations over the past few years. The ROE has ranged from a low of 6.94% to a high of 13.87% during the period covered. In general, the ROE has been positive, indicating that the company is generating returns for its shareholders.
The company's ROE peaked at 13.87% in the first quarter of 2021 but has since seen some volatility, with fluctuations in the range of 8% to 12%. The ROE in the most recent quarter, September 30, 2024, was 6.94%, which is lower compared to the previous quarters. This decrease may indicate challenges in efficiently utilizing shareholder equity to generate profits.
Overall, the trend in Central Garden & Pet Company's ROE shows variability in performance over time. It would be important to further investigate the factors contributing to these fluctuations, such as changes in profitability, asset utilization, or leverage, to get a more comprehensive understanding of the company's financial health and operational efficiency.
Peer comparison
Sep 30, 2024