The Chefs Warehouse Inc (CHEF)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 34,590 | 27,750 | -4,923 | -82,903 | 24,193 |
| Total assets | US$ in thousands | 1,705,310 | 1,509,300 | 1,073,800 | 974,325 | 1,013,680 |
| ROA | 2.03% | 1.84% | -0.46% | -8.51% | 2.39% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $34,590K ÷ $1,705,310K
= 2.03%
The return on assets (ROA) for The Chefs Warehouse Inc has fluctuated over the past five years. In 2023, the ROA improved to 2.03% from 1.84% in 2022, indicating that the company became more effective in generating profits from its assets. This improvement suggests better asset utilization and operational efficiency.
In 2021, the ROA was negative at -0.46%, indicating that the company had incurred a net loss for that period in relation to its assets. However, it rebounded in 2020 to -8.51%, showing significant improvement in utilizing its assets to generate profits.
The highest ROA was recorded in 2019 at 2.39%, indicating that the company had performed well in converting its assets into profits during that year. Overall, the trend in ROA shows variability with ups and downs, but the recent improvement in 2023 suggests a positive direction in asset efficiency and profitability for The Chefs Warehouse Inc.
Peer comparison
Dec 31, 2023