The Chefs Warehouse Inc (CHEF)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 34,590 | 19,763 | 20,718 | 27,766 | 27,750 | 35,021 | 30,200 | 14,383 | -4,923 | -50,424 | -65,307 | -86,739 | -82,903 | -34,958 | -19,106 | 8,974 | 24,193 | 22,187 | 21,919 | 20,992 |
| 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 |
| ROA | 2.03% | 1.19% | 1.25% | 1.79% | 1.84% | 2.80% | 2.66% | 1.32% | -0.46% | -4.89% | -6.46% | -9.01% | -8.51% | -3.39% | -1.85% | 0.81% | 2.39% | 2.49% | 2.50% | 2.48% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $34,590K ÷ $1,705,310K
= 2.03%
The return on assets (ROA) of The Chefs Warehouse Inc has shown fluctuations over the periods analyzed. The ROA ranged from -9.01% in March 2021 to a peak of 2.80% in September 2022. Notably, the ROA turned negative in some quarters, indicating challenges in generating profits relative to the assets employed. However, there was a significant improvement in profitability in the recent quarters, with the ROA surpassing 2% in several periods, reaching 2.03% by the end of December 2023. This suggests that the company is becoming more efficient in utilizing its assets to generate earnings. Overall, a positive trend in ROA indicates better asset management and profitability for The Chefs Warehouse Inc.
Peer comparison
Dec 31, 2023