The Chefs Warehouse Inc (CHEF)
Fixed asset turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,390,260 | 2,556,590 | 1,728,410 | 1,090,630 | 1,573,980 |
| Property, plant and equipment | US$ in thousands | 214,632 | 185,728 | 133,622 | 115,448 | 92,846 |
| Fixed asset turnover | 15.80 | 13.77 | 12.94 | 9.45 | 16.95 |
December 31, 2023 calculation
Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $3,390,260K ÷ $214,632K
= 15.80
The fixed asset turnover for The Chefs Warehouse Inc has shown fluctuations over the past five years. The ratio has increased from 9.45 in 2020 to 15.80 in 2023, indicating a more efficient utilization of fixed assets to generate sales. This improvement suggests that the company has been able to generate more sales revenue relative to its investment in fixed assets.
However, it is worth noting that there was a dip in fixed asset turnover in 2022 compared to 2021. This may indicate a temporary decrease in the efficiency of utilizing fixed assets to generate sales during that particular year.
Overall, the trend of increasing fixed asset turnover over the past five years is a positive sign of the company's ability to manage and utilize its fixed assets effectively in driving sales growth.
Peer comparison
Dec 31, 2023