The Chefs Warehouse Inc (CHEF)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 100,943 | 85,738 | 10,811 | -102,660 | 50,667 |
| Revenue | US$ in thousands | 3,390,260 | 2,556,590 | 1,728,410 | 1,090,630 | 1,573,980 |
| Operating profit margin | 2.98% | 3.35% | 0.63% | -9.41% | 3.22% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $100,943K ÷ $3,390,260K
= 2.98%
The operating profit margin of The Chefs Warehouse Inc has exhibited fluctuations over the past five years. In 2023, the operating profit margin stood at 2.98%, showing a decrease from 3.35% in 2022. This downward trend suggests a potential decrease in the company's operating efficiency or profitability relative to revenue.
In 2021, the operating profit margin was notably low at 0.63%, indicating challenges in generating profits from the core business operations. The significant decline from a negative operating profit margin of -9.41% in 2020 to a positive margin in 2021 highlights potential operational improvements or cost management efforts.
The highest operating profit margin in the provided data was observed in 2019 at 3.22%, indicating a relatively healthy profitability level compared to the subsequent years. The fluctuating trends in the operating profit margin over the five-year period suggest that The Chefs Warehouse Inc may have experienced varying levels of operational performance and efficiency during these years.
Peer comparison
Dec 31, 2023