Central Garden Pet Stock Return On Asset

CENT Stock  USD 38.36  0.99  2.65%   
Central Garden Pet fundamentals help investors to digest information that contributes to Central Garden's financial success or failures. It also enables traders to predict the movement of Central Stock. The fundamental analysis module provides a way to measure Central Garden's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Central Garden stock.
Return On Assets is likely to drop to 0.02 in 2024.
  
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Central Garden Pet Company Return On Asset Analysis

Central Garden's Return on Asset or ROA shows how effective is the management of the company in generating income from utilizing all of the assets at their disposal. It is a useful ratio to evaluate the performance of different departments of a company as well as to understand management performance over time.

Return On Asset

 = 

Net Income

Total Assets

More About Return On Asset | All Equity Analysis

Current Central Garden Return On Asset

    
  0.0446  
Most of Central Garden's fundamental indicators, such as Return On Asset, are part of a valuation analysis module that helps investors searching for stocks that are currently trading at higher or lower prices than their real value. If the real value is higher than the market price, Central Garden Pet is considered to be undervalued, and we provide a buy recommendation. Otherwise, we render a sell signal.

Central Return On Asset Driver Correlations

Understanding the fundamental principles of building solid financial models for Central Garden is extremely important. It helps to project a fair market value of Central Stock properly, considering its historical fundamentals such as Return On Asset. Since Central Garden's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Central Garden's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Central Garden's interrelated accounts and indicators.
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Return on Asset measures overall efficiency of a company in generating profits from its total assets. It is expressed as the percentage of profits earned per dollar of Asset. A low ROA typically means that a company is asset-intensive and therefore will needs more money to continue generating revenue in the future.
Competition

Central Total Assets

Total Assets

4.08 Billion

At this time, Central Garden's Total Assets are comparatively stable compared to the past year.
Based on the latest financial disclosure, Central Garden Pet has a Return On Asset of 0.0446. This is 48.67% higher than that of the Household Products sector and 101.93% lower than that of the Consumer Staples industry. The return on asset for all United States stocks is 131.86% lower than that of the firm.

Central Return On Asset Peer Comparison

Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Central Garden's direct or indirect competition against its Return On Asset to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Central Garden could also be used in its relative valuation, which is a method of valuing Central Garden by comparing valuation metrics of similar companies.
Central Garden is currently under evaluation in return on asset category among its peers.

Central Garden ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Central Garden's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Central Garden's managers, analysts, and investors.
Environmental
Governance
Social

Central Fundamentals

About Central Garden Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Central Garden Pet's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Central Garden using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Central Garden Pet based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.

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Additional Tools for Central Stock Analysis

When running Central Garden's price analysis, check to measure Central Garden's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Central Garden is operating at the current time. Most of Central Garden's value examination focuses on studying past and present price action to predict the probability of Central Garden's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Central Garden's price. Additionally, you may evaluate how the addition of Central Garden to your portfolios can decrease your overall portfolio volatility.