The Chefs Warehouse Inc (CHEF)
Total asset 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 |
| Total assets | US$ in thousands | 1,705,310 | 1,658,040 | 1,650,990 | 1,552,130 | 1,509,300 | 1,252,760 | 1,136,880 | 1,091,570 | 1,073,800 | 1,032,010 | 1,010,600 | 962,582 | 974,325 | 1,031,780 | 1,035,400 | 1,106,910 | 1,013,680 | 890,899 | 877,751 | 847,112 |
| Total asset turnover | 1.99 | 1.93 | 1.81 | 1.78 | 1.69 | 1.88 | 1.92 | 1.80 | 1.61 | 1.41 | 1.21 | 1.04 | 1.12 | 1.20 | 1.34 | 1.44 | 1.56 | 1.74 | 1.72 | 1.73 |
December 31, 2023 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $3,390,158K ÷ $1,705,310K
= 1.99
The total asset turnover of The Chefs Warehouse Inc has shown fluctuations over the past few quarters. The ratio indicates the company's efficiency in generating sales from its total assets. A higher total asset turnover ratio generally implies better asset utilization.
Looking at the data, we observe a general upward trend in total asset turnover from the end of 2019 to the end of 2023, with some fluctuations in between. The ratio increased from 1.56 at the end of Q1 2020 to 1.99 at the end of Q4 2023. This indicates that the company has been more efficient in generating sales from its assets over this period.
It is important to note that a total asset turnover ratio of less than 1 may indicate inefficiency in asset utilization, while a ratio greater than 1 suggests effective use of assets to generate sales. The Chefs Warehouse Inc has generally maintained a total asset turnover ratio above 1, which is a positive sign.
Overall, the increasing trend in total asset turnover over the period indicates that The Chefs Warehouse Inc has been improving its efficiency in utilizing its assets to generate sales, which can be a good indicator of the company's operational effectiveness and management of resources.
Peer comparison
Dec 31, 2023