Central Garden & Pet Company A (CENTA)
Return on total capital
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 198,622 | 242,161 | 246,917 | 229,679 | 219,016 | 217,686 | 206,290 | 233,961 | 256,641 | 253,133 | 251,493 | 250,303 | 252,378 | 269,730 | 259,018 | 220,383 | 196,910 | 185,218 | 155,338 | 153,810 |
| Long-term debt | US$ in thousands | 1,189,810 | 1,189,370 | 1,188,960 | 1,189,090 | 1,187,960 | 1,187,500 | 1,212,050 | 1,186,650 | 1,186,240 | 1,185,840 | 1,185,460 | 1,185,060 | 1,184,680 | 1,183,590 | 978,887 | 788,921 | 693,956 | 693,915 | 693,622 | 693,329 |
| 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 |
| Return on total capital | 7.23% | 8.70% | 9.15% | 8.70% | 8.30% | 8.27% | 7.99% | 9.32% | 10.18% | 9.98% | 10.15% | 10.37% | 10.49% | 11.13% | 12.11% | 11.75% | 11.12% | 10.56% | 9.21% | 9.23% |
September 30, 2024 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $198,622K ÷ ($1,189,810K + $1,555,650K)
= 7.23%
Central Garden & Pet Company A's return on total capital has shown some fluctuations over the past years. The return on total capital ranged from a low of 7.23% in September 2024 to a high of 12.11% in March 2021. The company's return on total capital has generally been above 8%, indicating that the company has been able to generate favorable returns on the total capital employed in its operations.
The return on total capital peaked in March 2021 at 12.11%, reflecting strong profitability and efficient capital utilization during that period. However, the return on total capital has been somewhat volatile since then, with some fluctuations in performance.
Overall, Central Garden & Pet Company A's return on total capital trended positively over the years, reflecting the company's ability to efficiently use its capital resources to generate profits. It is important for the company to continue monitoring and managing its capital efficiently to sustain and improve its return on total capital in the future.
Peer comparison
Sep 30, 2024