The Chefs Warehouse Inc (CHEF)
Fixed asset turnover
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 23, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,390,158 | 3,204,095 | 2,984,768 | 2,758,593 | 2,556,732 | 2,356,999 | 2,186,010 | 1,960,931 | 1,728,659 | 1,455,813 | 1,225,007 | 1,001,170 | 1,095,986 | 1,240,819 | 1,383,953 | 1,595,990 | 1,578,167 | 1,545,716 | 1,510,078 | 1,468,349 |
| Property, plant and equipment | US$ in thousands | 214,632 | 208,927 | 205,535 | 196,256 | 185,728 | 158,569 | 155,564 | 151,751 | 133,622 | 118,143 | 114,982 | 113,450 | 115,448 | 116,964 | 121,175 | 125,635 | 92,846 | 90,531 | 90,198 | 88,549 |
| Fixed asset turnover | 15.80 | 15.34 | 14.52 | 14.06 | 13.77 | 14.86 | 14.05 | 12.92 | 12.94 | 12.32 | 10.65 | 8.82 | 9.49 | 10.61 | 11.42 | 12.70 | 17.00 | 17.07 | 16.74 | 16.58 |
December 31, 2023 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $3,390,158K ÷ $214,632K
= 15.80
The fixed asset turnover ratio for The Chefs Warehouse Inc has shown a generally improving trend over the past few quarters, indicating the company's ability to generate sales from its fixed assets. The ratio has increased from 8.82 in the first quarter of 2021 to 15.80 in the fourth quarter of 2023. This indicates that the company is utilizing its fixed assets more efficiently to generate revenue.
A high fixed asset turnover ratio implies that the company is generating a significant amount of revenue relative to its investment in fixed assets. This could be a positive signal for investors, as it suggests that the company is operating efficiently and effectively utilizing its resources.
However, it is important to note that a very high fixed asset turnover ratio may also indicate that the company is potentially underinvesting in its fixed assets, which could impact its long-term growth and sustainability. It is essential for the company to strike a balance between efficiency and investment in fixed assets to support future growth and operations.
Peer comparison
Dec 31, 2023