Central Garden & Pet Company A (CENTA)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 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 | 92,786 | 100,914 | 96,307 |
| 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 |
| ROA | 3.93% | 3.72% | 3.53% | 3.38% | 4.17% | 4.64% | 4.52% | 4.54% | 4.98% | 4.87% | 5.39% | 5.65% | 5.34% | 5.16% | 4.84% | 4.01% | 4.05% | 4.58% | 4.89% | 4.71% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $134,506K ÷ $3,422,330K
= 3.93%
Central Garden & Pet Company A's return on assets (ROA) has shown fluctuations over the past four years. The ROA ranged from 3.38% to 5.65% during the period from March 31, 2021, to June 30, 2022, with a notable peak in June 30, 2021. However, in recent quarters, the ROA has shown a slight downward trend, decreasing from 4.98% in December 31, 2021, to 3.93% in December 31, 2023. This indicates that the company's ability to generate profits from its assets has somewhat declined in recent quarters. Further analysis would be necessary to determine the underlying reasons for this trend and whether it is a cause for concern for investors.
Peer comparison
Dec 31, 2023