The Chefs Warehouse Inc (CHEF)
Payables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cost of revenue (ttm) | US$ in thousands | 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 | 1,199,011 | 1,203,392 | 1,177,588 | 1,149,548 |
| Payables | US$ in thousands | 200,547 | 209,299 | 198,087 | 169,912 | 163,397 | 142,963 | 144,547 | 121,444 | 118,284 | 108,972 | 107,918 | 69,461 | 57,515 | 73,969 | 60,878 | 92,621 | 94,097 | 79,904 | 86,814 | 78,120 |
| Payables turnover | 16.73 | 15.29 | 15.03 | 16.12 | 15.51 | 16.22 | 14.92 | 16.12 | 14.83 | 11.27 | 9.50 | 10.94 | 12.91 | 14.08 | 17.51 | 13.15 | 12.74 | 15.06 | 13.56 | 14.72 |
December 31, 2023 calculation
Payables turnover = Cost of revenue (ttm) ÷ Payables
= $3,355,581K ÷ $200,547K
= 16.73
The payables turnover ratio for The Chefs Warehouse Inc has shown a fluctuating trend over the past few quarters. The ratio ranged from a low of 9.50 in September 2021 to a high of 17.51 in June 2020.
It appears that the company's ability to manage its payables improved in the more recent quarters compared to some earlier periods. The ratio increased steadily from March 2021 to December 2021, indicating a more efficient management of payables during that period.
However, there was a decline in the payables turnover ratio in the most recent quarter (December 2023) compared to the immediate previous quarter (September 2023), which suggests a potential slowdown in the company's ability to turn over its payables efficiently.
Overall, closer monitoring of the payables turnover ratio, especially in relation to the company's industry peers, may be necessary to assess The Chefs Warehouse Inc's performance in managing its payables effectively.
Peer comparison
Dec 31, 2023