The Chefs Warehouse Inc (CHEF)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 55,479 | 34,590 | 27,750 | -4,923 | -82,903 |
| Total assets | US$ in thousands | 1,858,690 | 1,705,310 | 1,509,300 | 1,073,800 | 974,325 |
| ROA | 2.98% | 2.03% | 1.84% | -0.46% | -8.51% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $55,479K ÷ $1,858,690K
= 2.98%
The return on assets (ROA) of The Chefs Warehouse Inc has shown notable improvement over the years based on the provided data. The company experienced a negative ROA of -8.51% on December 31, 2020, indicating a significant loss in generating profits relative to its total assets. However, there has been a positive trend in subsequent years, with the ROA improving to -0.46% on December 31, 2021, 1.84% on December 31, 2022, 2.03% on December 31, 2023, and reaching 2.98% on December 31, 2024.
This upward trajectory suggests that the company has become more effective in utilizing its assets to generate profits, reflecting potential improvements in operational efficiency and profitability. It indicates a positive shift towards better management of assets to drive earnings, which is a promising sign for the company's financial performance and overall sustainability.
Peer comparison
Dec 31, 2024