The Chefs Warehouse Inc (CHEF)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 3,794,690 | 3,390,260 | 2,556,590 | 1,728,410 | 1,090,630 |
| Total assets | US$ in thousands | 1,858,690 | 1,705,310 | 1,509,300 | 1,073,800 | 974,325 |
| Total asset turnover | 2.04 | 1.99 | 1.69 | 1.61 | 1.12 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $3,794,690K ÷ $1,858,690K
= 2.04
The total asset turnover ratio measures the efficiency with which The Chefs Warehouse Inc generates revenue relative to its total assets. From the data provided, we observe an increasing trend in The Chefs Warehouse Inc's total asset turnover over the past five years.
In December 2020, the total asset turnover was 1.12, indicating that the company generated $1.12 in revenue for every dollar of total assets. This ratio then improved to 1.61 by December 2021, suggesting a higher level of efficiency in asset utilization.
Continuing the upward trend, the total asset turnover further increased to 1.69 by December 2022 and jumped to 1.99 by December 2023. This indicates that the company is effectively utilizing its assets to generate revenue, reflecting strong operational performance.
By the end of December 2024, the total asset turnover reached 2.04, signifying a significant improvement in asset efficiency compared to the previous years. This demonstrates that The Chefs Warehouse Inc has been able to generate more revenue per dollar of assets invested, indicating enhanced operational efficiency and potentially better management of its asset base.
Peer comparison
Dec 31, 2024