Central Garden & Pet Company A (CENTA)
Operating return on assets (Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 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 | 152,068 | 159,415 | 151,363 |
| 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 |
| Operating ROA | 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% | 7.51% | 7.72% | 7.40% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $218,652K ÷ $3,422,330K
= 6.39%
Central Garden & Pet Company A's operating return on assets (operating ROA) has shown a slight fluctuation over the past five quarters. The operating ROA ranged from 6.13% to 6.39% in the most recent quarter.
The company's operating ROA appears to have experienced a decreasing trend, dropping from 9.18% in the first quarter of 2021 to 6.39% in the most recent quarter. This decline may indicate that the company's ability to generate operating profits from its assets has weakened over time.
However, it is worth noting that Central Garden & Pet Company A's operating ROA has remained above 6% in each quarter, suggesting that the company is still able to generate a positive return on its assets.
Further analysis of the company's operational efficiency, asset utilization, and profitability drivers may provide more insights into the factors contributing to the observed trend in its operating ROA.
Peer comparison
Dec 31, 2023