The Chefs Warehouse Inc (CHEF)
Inventory 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 3,700,823 | 3,615,842 | 3,571,289 | 3,504,144 | 3,355,581 | 3,200,476 | 2,978,078 | 2,738,566 | 2,534,815 | 2,318,354 | 2,156,745 | 1,957,848 | 1,754,536 | 1,228,183 | 1,024,763 | 760,089 | 742,761 | 1,041,262 | 1,066,043 | 1,217,886 |
| Inventory | US$ in thousands | 316,014 | 336,289 | 310,355 | 271,791 | 284,528 | 312,222 | 291,917 | 274,787 | 245,693 | 190,668 | 181,594 | 152,443 | 144,491 | 132,802 | 122,936 | 91,814 | 82,519 | 98,185 | 96,627 | 129,999 |
| Inventory turnover | 11.71 | 10.75 | 11.51 | 12.89 | 11.79 | 10.25 | 10.20 | 9.97 | 10.32 | 12.16 | 11.88 | 12.84 | 12.14 | 9.25 | 8.34 | 8.28 | 9.00 | 10.61 | 11.03 | 9.37 |
December 31, 2024 calculation
Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $3,700,823K ÷ $316,014K
= 11.71
The inventory turnover of The Chefs Warehouse Inc has shown fluctuations over the past few years. The company's inventory turnover ratio ranged between 8.28 and 12.89 during the period from March 31, 2020, to December 31, 2024.
The inventory turnover ratio represents how many times a company sells and replaces its inventory within a specific period, indicating the efficiency of managing and selling inventory. A higher inventory turnover ratio typically signifies better inventory management as the company is selling its products more quickly.
Analyzing the data provided:
- The inventory turnover increased from 9.37 on March 31, 2020, to a peak of 12.89 on March 31, 2024. This upward trend suggests that the company might be managing its inventory more efficiently and selling products at a faster rate over this period.
- There were some fluctuations in the inventory turnover ratio over the years, indicating potential variations in sales volume and inventory management effectiveness.
- The inventory turnover ratio was lowest at 8.28 on March 31, 2021, which could indicate a slower rate of inventory turnover during that period.
- The most recent data point on December 31, 2024, shows an inventory turnover ratio of 11.71, reflecting a relatively strong performance in inventory management.
Overall, the trend in The Chefs Warehouse Inc's inventory turnover suggests a generally positive performance in managing inventory efficiently, but it is essential to monitor any fluctuations in the ratio to ensure optimal inventory control and sales effectiveness.
Peer comparison
Dec 31, 2024
Dec 31, 2024