The Chefs Warehouse Inc (CHEF)
Pretax margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 79,532 | 71,147 | 65,178 | 56,335 | 55,469 | 34,880 | 32,048 | 41,883 | 41,889 | 48,022 | 42,932 | 20,014 | -6,776 | -72,004 | -94,883 | -126,315 | -123,606 | -55,948 | -33,210 | 8,656 |
| Revenue (ttm) | US$ in thousands | 3,781,671 | 3,687,427 | 3,626,421 | 3,541,531 | 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 |
| Pretax margin | 2.10% | 1.93% | 1.80% | 1.59% | 1.64% | 1.09% | 1.07% | 1.52% | 1.64% | 2.04% | 1.96% | 1.02% | -0.39% | -4.95% | -7.75% | -12.62% | -11.28% | -4.51% | -2.40% | 0.54% |
December 31, 2024 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $79,532K ÷ $3,781,671K
= 2.10%
The pretax margin of The Chefs Warehouse Inc has shown fluctuations over the period from March 31, 2020, to December 31, 2024.
- The company experienced a downward trend in pretax margin from March 2020 to December 2021, with margin figures consistently in negative territory. This indicates that the company's pre-tax earnings were insufficient to cover operating expenses and interest payments during this period.
- However, there was a turnaround in the company's performance starting from March 31, 2022, with the pretax margin entering positive territory. This positive trend continued through the end of December 31, 2024.
- The fluctuation in pretax margin may suggest changes in the company's operating efficiency, cost management, revenue generation, and profitability over the period analyzed.
- The increasing trend in pretax margin from March 31, 2022, to December 31, 2024, indicates an improvement in the company's ability to generate earnings before accounting for taxes and other non-operating expenses.
- Overall, the recent positive pretax margins show a potential strengthening of The Chefs Warehouse Inc's financial health and operational performance, indicating a more profitable operation compared to previous years. Continued monitoring of these ratios will be necessary to assess the company's ongoing financial performance.
Peer comparison
Dec 31, 2024