Central Garden & Pet Company A (CENTA)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 1,555,650 | 1,593,650 | 1,510,790 | 1,451,890 | 1,451,350 | 1,445,530 | 1,371,090 | 1,322,850 | 1,333,710 | 1,351,020 | 1,293,090 | 1,228,230 | 1,222,250 | 1,240,360 | 1,160,570 | 1,086,590 | 1,076,800 | 1,059,420 | 993,013 | 973,124 |
| ROE | 6.94% | 9.10% | 9.82% | 9.26% | 8.66% | 8.36% | 8.25% | 10.18% | 11.41% | 11.19% | 11.75% | 12.63% | 12.42% | 13.57% | 13.87% | 12.03% | 11.21% | 10.34% | 8.75% | 8.90% |
September 30, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $107,983K ÷ $1,555,650K
= 6.94%
Central Garden & Pet Company A's return on equity (ROE) has fluctuated over the past several quarters. The ROE has ranged from a low of 6.94% in September 2024 to a high of 13.87% in March 2021.
The trend in ROE indicates a general decline from the peak in March 2021 to the most recent data point in September 2024. This decline suggests a potential decrease in the company's profitability relative to its shareholders' equity over time.
While the ROE has decreased, it is important to note that the company's profitability remains positive, indicating that it is generating a return for its shareholders, although at varying levels.
Overall, the fluctuation in ROE over the quarters may warrant further investigation into the company's financial performance, efficiency, and capital structure to determine the factors driving these changes in profitability.
Peer comparison
Sep 30, 2024