Chuy's Holdings Inc (CHUY)

Fixed asset turnover

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 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
Revenue (ttm)	US$ in thousands	461,310	449,064	442,282	434,227	422,215	416,779	412,036	409,243	396,467	376,510	356,603	314,162	320,952	344,276	371,326	418,746	426,357	421,160	413,253	406,461
Property, plant and equipment	US$ in thousands	201,928	200,125	196,998	189,384	185,956	184,148	180,467	177,752	179,369	182,119	181,354	182,047	185,105	188,692	193,285	196,436	210,750	210,557	216,296	211,825
Fixed asset turnover		2.28	2.24	2.25	2.29	2.27	2.26	2.28	2.30	2.21	2.07	1.97	1.73	1.73	1.82	1.92	2.13	2.02	2.00	1.91	1.92

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $461,310K ÷ $201,928K
= 2.28

The fixed asset turnover ratio for Chuy's Holdings Inc has been relatively stable over the past eight quarters, ranging from 2.24 to 2.30. This indicates that, on average, the company generates approximately $2.24 to $2.30 in revenue for every dollar invested in fixed assets. The consistency in this ratio suggests that Chuy's has been efficient in utilizing its fixed assets to generate sales revenue. It also implies that the company is effectively managing and utilizing its assets to support its revenue generation activities. Overall, the stable fixed asset turnover ratio reflects a healthy operational performance in terms of asset utilization for Chuy's Holdings Inc.