The Chefs Warehouse Inc (CHEF)
Fixed asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,794,690 | 3,390,260 | 2,556,590 | 1,728,410 | 1,090,630 |
| Property, plant and equipment | US$ in thousands | 230,730 | 234,793 | 185,728 | 133,622 | 115,448 |
| Fixed asset turnover | 16.45 | 14.44 | 13.77 | 12.94 | 9.45 |
December 31, 2024 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $3,794,690K ÷ $230,730K
= 16.45
The fixed asset turnover ratio for The Chefs Warehouse Inc has shown a consistent upward trend over the past five years, reflecting efficient utilization of fixed assets to generate revenue.
In December 31, 2020, the fixed asset turnover ratio stood at 9.45, indicating that the company generated $9.45 in revenue for every dollar invested in fixed assets.
By December 31, 2021, the ratio had increased to 12.94, showing a notable improvement in asset turnover efficiency.
This positive trend continued in the subsequent years, with the fixed asset turnover ratios reaching 13.77 in December 31, 2022, 14.44 in December 31, 2023, and 16.45 in December 31, 2024. These increasing values suggest that The Chefs Warehouse Inc has been effectively utilizing its fixed assets to drive revenue growth and business performance.
Overall, the escalating fixed asset turnover ratios indicate the company's ability to efficiently convert its investment in fixed assets into sales, a key indicator of operational effectiveness and resource utilization within the organization.
Peer comparison
Dec 31, 2024