The Chefs Warehouse Inc (CHEF)
Fixed asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 3,781,671 | 3,687,427 | 3,626,421 | 3,541,531 | 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 |
| Property, plant and equipment | US$ in thousands | 230,730 | 269,890 | 259,585 | 250,689 | 234,793 | 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 |
| Fixed asset turnover | 16.39 | 13.66 | 13.97 | 14.13 | 14.44 | 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 |
December 31, 2024 calculation
Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $3,781,671K ÷ $230,730K
= 16.39
The fixed asset turnover ratio measures how efficiently a company is utilizing its fixed assets to generate revenue. A higher fixed asset turnover ratio indicates that the company is generating more revenue per dollar of fixed assets.
Analyzing The Chefs Warehouse Inc's fixed asset turnover ratio over the past few years, we observe a general trend of fluctuation. The ratio stood at 12.70 as of March 31, 2020, and gradually decreased to 8.82 by March 31, 2021. This decline may suggest a reduced efficiency in utilizing fixed assets to generate revenue during this period.
However, starting from June 30, 2021, the fixed asset turnover ratio began to increase, indicating improved efficiency in generating revenue from fixed assets. The ratio steadily increased to 16.39 by December 31, 2024, reflecting a more efficient utilization of fixed assets during this period.
Overall, the fluctuating trend in The Chefs Warehouse Inc's fixed asset turnover ratio suggests varying levels of efficiency in utilizing fixed assets to generate revenue over the analyzed period. It is essential for the company to continue monitoring and optimizing its asset utilization to maintain or improve its operational efficiency.
Peer comparison
Dec 31, 2024