The Chefs Warehouse Inc (CHEF)
Return on total capital
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) (ttm) | US$ in thousands | 100,943 | 92,553 | 89,079 | 91,373 | 85,738 | 71,814 | 60,178 | 37,203 | 10,811 | -53,298 | -75,662 | -105,730 | -102,660 | -35,995 | -13,446 | 27,493 | 50,667 | 49,933 | 49,577 | 48,965 |
| Long-term debt | US$ in thousands | 664,802 | 689,207 | 709,073 | 654,417 | 653,504 | 493,148 | 392,980 | 393,565 | 394,160 | 394,979 | 395,543 | 396,489 | 398,084 | 396,636 | 397,818 | 495,860 | 386,106 | 282,041 | 281,628 | 281,675 |
| Total stockholders’ equity | US$ in thousands | 454,672 | 434,782 | 422,975 | 405,952 | 401,509 | 384,949 | 373,687 | 354,425 | 350,211 | 339,066 | 333,049 | 328,016 | 344,590 | 378,008 | 387,317 | 319,617 | 335,933 | 322,601 | 317,395 | 308,423 |
| Return on total capital | 9.02% | 8.23% | 7.87% | 8.62% | 8.13% | 8.18% | 7.85% | 4.97% | 1.45% | -7.26% | -10.38% | -14.59% | -13.82% | -4.65% | -1.71% | 3.37% | 7.02% | 8.26% | 8.28% | 8.30% |
December 31, 2023 calculation
Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $100,943K ÷ ($664,802K + $454,672K)
= 9.02%
The return on total capital for The Chefs Warehouse Inc has varied over the period analyzed. The company experienced an increasing trend from the first quarter of 2020 to the first quarter of 2023, with a peak of 9.02% in December 2023. However, this trend was followed by a decrease in the return on total capital in the first quarter of 2022, which reached a low of -14.59%.
Overall, the return on total capital for The Chefs Warehouse Inc has been positive in most periods, indicating that the company has been efficient in generating returns from its total capital. However, there have been periods of decline, particularly noticeable in the first quarters of 2021 and 2022. Management may need to focus on improving the utilization of capital during these periods to enhance overall performance.
Peer comparison
Dec 31, 2023