Central Garden & Pet Company A (CENTA)
Operating return on assets (Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 185,387 | 227,164 | 234,058 | 218,652 | 210,646 | 214,175 | 205,424 | 234,228 | 260,036 | 256,743 | 255,905 | 253,670 | 254,496 | 270,058 | 261,457 | 222,952 | 197,977 | 183,673 | 147,904 | 143,952 |
| 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 |
| Operating ROA | 5.22% | 6.30% | 6.61% | 6.39% | 6.23% | 6.26% | 6.13% | 7.25% | 7.92% | 7.67% | 7.64% | 8.14% | 8.17% | 8.65% | 9.18% | 9.11% | 8.46% | 8.11% | 6.82% | 6.74% |
September 30, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $185,387K ÷ $3,553,440K
= 5.22%
Central Garden & Pet Company A's operating return on assets (operating ROA) has shown fluctuation over the past five years. The operating ROA ranged from a low of 5.22% in September 2024 to a high of 9.18% in March 2021. Overall, the trend indicates that the company has been able to generate a reasonable return on its assets, with the operating ROA consistently above 5% throughout the period.
The operating ROA peaked at 9.18% in March 2021, reflecting a period of strong efficiency in utilizing its assets to generate operating income. However, there was a slight decline in the operating ROA in the most recent period, dropping to 5.22% in September 2024. This could be a result of changes in operating performance, asset utilization, or a combination of factors affecting the company's profitability.
It is essential for Central Garden & Pet Company A to closely monitor its operating ROA and identify the underlying factors contributing to changes in this ratio. This analysis can help the company make informed decisions to improve operational efficiency, enhance asset utilization, and ultimately maximize profitability.
Peer comparison
Sep 30, 2024