Chuy's Holdings Inc (CHUY)

Inventory turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cost of revenue	US$ in thousands	300,360	281,303	253,010	230,707	307,395
Inventory	US$ in thousands	1,805	2,069	1,676	1,449	1,657
Inventory turnover		166.40	135.96	150.96	159.22	185.51

December 31, 2023 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $300,360K ÷ $1,805K
= 166.40

Based on the inventory turnover figures for Chuy`s Holdings Inc over the past five years, the company's inventory turnover has been relatively high and consistent, ranging from 54.54 to 66.48. This suggests that Chuy`s is effectively managing its inventory levels and efficiently converting its inventory into sales during each period. The increasing trend from 2020 to 2023 indicates improved inventory management efficiency. A high inventory turnover ratio generally indicates that the company is selling its products quickly and not overstocking its inventory, which can lead to reduced storage and holding costs. Overall, Chuy`s Holdings Inc appears to have a healthy and efficient inventory management system in place.