The Chefs Warehouse Inc (CHEF)
Receivables 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 |
| Receivables | US$ in thousands | 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 | 175,044 | 164,562 | 157,461 | 152,123 |
| Receivables turnover | 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 | 9.02 | 9.39 | 9.59 | 9.65 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $3,390,158K ÷ $334,015K
= 10.15
The receivables turnover ratio for The Chefs Warehouse Inc has shown some fluctuations over the historical period analyzed. The ratio indicates how efficiently the company is able to collect outstanding receivables from its customers during a specific period.
In general, a higher receivables turnover ratio is indicative of more effective credit policies, timely collection efforts, and a stronger liquidity position.
Looking at the trend, we can observe that the receivables turnover ratio has ranged between 9.00 and 13.16 over the past few years. The company seems to have maintained a relatively consistent level of efficiency in collecting receivables, with occasional fluctuations.
It is worth noting that a higher receivables turnover ratio may suggest that the company has a more efficient credit and collection process, while a lower ratio may indicate potential issues with credit policies or difficulties in collecting outstanding receivables.
Overall, The Chefs Warehouse Inc's receivables turnover ratio reflects a decent level of efficiency in collecting receivables from customers over the analyzed period. However, it would be beneficial for the company to further investigate any significant fluctuations to ensure the continued effectiveness of its credit and collection processes.
Peer comparison
Dec 31, 2023