The Chefs Warehouse Inc (CHEF)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 454,672 | 401,509 | 350,211 | 344,590 | 335,933 |
| ROE | 7.61% | 6.91% | -1.41% | -24.06% | 7.20% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $34,590K ÷ $454,672K
= 7.61%
The return on equity (ROE) for The Chefs Warehouse Inc has shown variability over the past five years, as indicated by the data provided. In 2023, the ROE was 7.61%, which represents a modest increase from the previous year's ROE of 6.91%. However, it is worth noting that the ROE was negative in 2021 at -1.41%, suggesting a period of underperformance. This contrasts sharply with the significant decline in 2020 when the ROE plummeted to -24.06%.
Overall, the company's ROE has displayed fluctuations, with positive ROE points in 2019 and 2023, negative ROE in 2020 and 2021. This indicates variability in the company's ability to generate profit from shareholder equity over the years. Further analysis, including a review of the company's financial reports and industry trends, would be necessary to better understand the factors driving these fluctuations in ROE.
Peer comparison
Dec 31, 2023