Central Garden & Pet Company A (CENTA)
Gross profit margin
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 946,842 | 992,305 | 970,901 | 796,558 | 704,041 |
| Revenue | US$ in thousands | 3,310,080 | 3,338,590 | 3,303,680 | 2,695,510 | 2,383,000 |
| Gross profit margin | 28.60% | 29.72% | 29.39% | 29.55% | 29.54% |
September 30, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $946,842K ÷ $3,310,080K
= 28.60%
Central Garden & Pet Co.'s gross profit margin has exhibited a downward trend over the past five years. The gross profit margin decreased from 29.54% in 2019 to 28.60% in 2023. This indicates a decline in the company's ability to generate profits from its sales after accounting for the cost of goods sold. It would be important for stakeholders to further investigate the factors contributing to this trend, such as changes in pricing, input costs, or efficiency in production and distribution. This analysis may provide insights into the company's overall profitability and competitive position within the industry.
Peer comparison
Sep 30, 2023