Central Garden & Pet Company A (CENTA)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 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 |
| ROA | 3.04% | 4.02% | 4.19% | 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% |
September 30, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $107,983K ÷ $3,553,440K
= 3.04%
Central Garden & Pet Company A's return on assets (ROA) has varied over the past several quarters. The ROA, which measures how efficiently the company is generating profits from its assets, ranged from a low of 3.04% to a high of 5.65% during the period covered.
Overall, the ROA trend shows some fluctuation but generally remains within a moderate range. The company's ability to generate earnings from its assets improved in the most recent quarters compared to earlier periods, with ROA peaking at 5.65% in March 2021. This indicates that Central Garden & Pet Company A has been able to manage its assets effectively to generate higher returns.
Investors and stakeholders may find the improving trend in ROA encouraging as it suggests that the company is becoming more efficient in utilizing its assets to generate profits. However, they should continue to monitor future ROA figures to assess the company's financial performance and efficiency over time.
Peer comparison
Sep 30, 2024