The Chefs Warehouse Inc (CHEF)
Operating return on assets (Operating ROA)
| 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 |
| 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 |
| Operating ROA | 5.92% | 5.58% | 5.40% | 5.89% | 5.68% | 5.73% | 5.29% | 3.41% | 1.01% | -5.16% | -7.49% | -10.98% | -10.54% | -3.49% | -1.30% | 2.48% | 5.00% | 5.62% | 5.66% | 5.80% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $100,943K ÷ $1,705,310K
= 5.92%
The operating return on assets (operating ROA) for The Chefs Warehouse Inc has shown fluctuations over the past several quarters. From March 2019 to March 2020, the operating ROA steadily increased from 5.66% to 5.89%. This suggests that the company was effectively generating operating income relative to its assets during this period.
However, there was a significant drop in operating ROA from June 2020 to September 2021, with negative figures indicating that the company's operating income was insufficient to cover the assets employed in its operations during these quarters. The lowest operating ROA recorded during this period was in December 2020 at -10.54%.
The trend reversed from December 2021 onwards, with operating ROA gradually improving and turning positive again. The latest available data for December 2023 shows an operating ROA of 5.92%, indicating an increase in the company's ability to generate operating income relative to its assets compared to the previous quarters.
In summary, The Chefs Warehouse Inc has experienced fluctuations in its operating ROA, with periods of both strong performance and challenges in effectively utilizing its assets to generate operating income. The recent upward trend in operating ROA suggests an improvement in the company's operational efficiency and profitability.
Peer comparison
Dec 31, 2023