Central Garden & Pet Co (FRA:GP7) ROCE % : 1.90% (As of Dec. 2023)

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What is Central Garden & Pet Co ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Central Garden & Pet Co's annualized ROCE % for the quarter that ended in Dec. 2023 was 1.90%.

Central Garden & Pet Co ROCE % Historical Data

The historical data trend for Central Garden & Pet Co's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Central Garden & Pet Co ROCE % Chart

Central Garden & Pet Co Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

ROCE %

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9.68

10.50

11.28

10.29

7.37

Central Garden & Pet Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
ROCE %	Get a 7-Day Free Trial															0.38	11.04	17.16	1.76	1.90

Central Garden & Pet Co ROCE % Calculation

Central Garden & Pet Co's annualized ROCE % for the fiscal year that ended in Sep. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Sep. 2023 )		(A: Sep. 2022 )		(A: Sep. 2023 )
	=	205.643	/	( ( (3314.822 - 470.551)	+	(3165.793 - 429.134) )	/ 2 )
	=	205.643	/	( (2844.271	+	2736.659)	/ 2 )
	=	205.643	/	2790.465
	=	7.37 %

Central Garden & Pet Co's ROCE % of for the quarter that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Dec. 2023 )		(Q: Sep. 2023 )		(Q: Dec. 2023 )
	=	51.404	/	( ( (3165.793 - 429.134)	+	(3138.28 - 453.155) )	/ 2 )
	=	51.404	/	( ( 2736.659	+	2685.125 )	/ 2 )
	=	51.404	/	2710.892
	=	1.90 %

(1) Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

Central Garden & Pet Co (FRA:GP7) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Central Garden & Pet Co ROCE % Related Terms

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Central Garden & Pet Co (FRA:GP7) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Central Garden & Pet Co (FRA:GP7) » Definitions » ROCE %

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Traded in Other Exchanges

CENTA:USA CENT:USA GP7:Germany

Address

1340 Treat Boulevard, Suite 600, Walnut Creek, CA, USA, 94597

Website

https://www.central.com

Central Garden & Pet Co understands that home is central to life and has nurtured happy and healthy homes for over forty years. The segments of the company are the pet segment and garden segment. The company's trusted products are dedicated to helping lawns grow greener, gardens bloom bigger, pets live healthier and communities grow stronger. Central is home to a portfolio of more than sixty-five brands including Pennington, Nylabone, Kaytee, Amdro, and Aqueon, manufacturing and distribution capabilities, and a passionate, entrepreneurial growth culture. Central Garden and Pet is based in Walnut Creek, California, and has offices across North America and Europe.

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