Central Garden & Pet Co's Total Assets for the quarter that ended in Dec. 2023 was $3,422 Mil.
Warning Sign:
If a company builds assets at 19.1% a year, faster than its revenue growth rate of 10.1% over the past 5 years, it means that the company may be getting less efficient.
During the past 12 months, Central Garden & Pet Co's average Total Assets Growth Rate was -1.90% per year.
During the past 3 years, the average Total Assets Growth Rate was 19.70% per year.
During the past 5 years, the average Total Assets Growth Rate was 19.10% per year.
During the past 10 years, the average Total Assets Growth Rate was 12.30% per year.
During the past 13 years, Central Garden & Pet Co's highest 3-Year average Total Assets Growth Rate was 86.10%. The lowest was -14.30%. And the median was 6.30%.
Total Assets is connected with ROA %. Central Garden & Pet Co's annualizedROA % for the quarter that ended in Dec. 2023 was 0.05%. Total Assets is also linked to Revenue through Asset Turnover. Central Garden & Pet Co's Asset Turnover for the quarter that ended in Dec. 2023 was 0.19.
Central Garden & Pet Co Total Assets Historical Data
The historical data trend for Central Garden & Pet Co's Total Assets 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 Annual Data
Trend
Sep14
Sep15
Sep16
Sep17
Sep18
Sep19
Sep20
Sep21
Sep22
Sep23
Total Assets
2,025.02
2,339.36
3,116.68
3,282.00
3,378.65
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
Total Assets
3,229.07
3,350.80
3,419.95
3,378.65
3,422.33
Central Garden & Pet Co Total Assets Calculation
Total Assets are all the assets a company owns.
From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.
Central Garden & Pet Co's Total Assets for the fiscal year that ended in Sep. 2023 is calculated as
* 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.
Central Garden & Pet Co (NAS:CENT) Total Assets Explanation
Note:
The Net Income data used here is four times the quarterly (Dec. 2023) data.
In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.
Total Assets is linked to total revenue through Asset Turnover.
Central Garden & Pet Co's Asset Turnover for the quarter that ended in Dec. 2023 is
* 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.
Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.
Central Garden & Pet Co Total Assets Related Terms
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Central Garden & Pet Co (Central Garden & Pet Co) Business Description
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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