The Chefs Warehouse Inc (CHEF)
Receivables 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 |
| Receivables | US$ in thousands | 366,311 | 359,954 | 348,677 | 336,399 | 334,015 | 338,613 | 322,625 | 274,598 | 260,167 | 208,939 | 208,229 | 169,792 | 172,540 | 151,720 | 136,072 | 99,459 | 96,383 | 100,576 | 105,125 | 144,263 |
| Receivables turnover | 10.32 | 10.24 | 10.40 | 10.53 | 10.15 | 9.46 | 9.25 | 10.05 | 9.83 | 11.28 | 10.50 | 11.55 | 10.02 | 9.60 | 9.00 | 10.07 | 11.37 | 12.34 | 13.16 | 11.06 |
December 31, 2024 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $3,781,671K ÷ $366,311K
= 10.32
The receivables turnover ratio for The Chefs Warehouse Inc has fluctuated over the past few years. It has ranged from a low of 9.00 in June 2021 to a high of 13.16 in June 2020. This ratio indicates how efficiently the company is able to collect outstanding receivables from its customers within a given period. A higher ratio suggests that the company is more effective in collecting payments from its customers, which is a positive sign of strong liquidity and efficient working capital management.
However, the ratio has shown some inconsistency in recent periods, with fluctuations between 9.00 and 13.16, indicating some variability in the company's collection efficiency. The current ratio of 10.32 as of December 31, 2024, suggests that the company is collecting receivables at a reasonable pace, but there may be room for improvement in terms of tightening credit policies or improving collection processes.
Overall, the trend of the receivables turnover ratio for The Chefs Warehouse Inc indicates that the company has been able to effectively manage its receivables in some periods but may need to focus on improving efficiency in others to maintain a stable cash flow and working capital position.
Peer comparison
Dec 31, 2024