The Chefs Warehouse Inc (CHEF)
Operating profit margin
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 100,943 | 92,553 | 89,079 | 91,373 | 85,738 | 71,814 | 60,178 | 37,203 | 10,811 | -53,298 | -75,662 | -105,730 | -102,660 | -35,995 | -13,446 | 27,493 | 50,667 | 50,072 | 49,716 | 49,134 |
| 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 |
| Operating profit margin | 2.98% | 2.89% | 2.98% | 3.31% | 3.35% | 3.05% | 2.75% | 1.90% | 0.63% | -3.66% | -6.18% | -10.56% | -9.37% | -2.90% | -0.97% | 1.72% | 3.21% | 3.24% | 3.29% | 3.35% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $100,943K ÷ $3,390,158K
= 2.98%
The operating profit margin of The Chefs Warehouse Inc has experienced fluctuations over the past few quarters. The margins ranged from a low of -10.56% in June 2021 to a high of 3.35% in December 2019. The company saw a significant improvement in operating profit margin from negative percentages in 2021 to positive percentages in 2023, indicating a potential turnaround in profitability.
Despite the improvements, the margins have remained relatively low, with the latest reported margin in December 2023 at 2.98%. This suggests that the company may still be facing challenges in effectively managing its operating expenses relative to its revenue. Management may need to focus on further optimizing operational efficiency and cost control to sustain and enhance profitability levels in the future.
Peer comparison
Dec 31, 2023