Chuy's Holdings Inc (CHUY)

Activity ratios

Short-term

Turnover ratios

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
Inventory turnover 166.40 175.04 174.89 178.93 135.96 168.29 152.90 162.59 150.96 169.83 159.46 159.44 159.22 131.67 138.76 164.64 142.63 120.10 113.84 121.15
Receivables turnover 239.64 198.26 192.63 238.85 210.69 253.05 147.00 145.90 218.92 126.69 286.20 205.07 188.02 292.75 173.03 162.87 254.39 270.49 234.67 137.60
Payables turnover 54.01 49.73 55.86 41.00 34.91 41.15 46.90 49.26 61.31 54.31 52.94 45.95 77.50 50.26 37.96 40.36 55.57 41.23 34.59 47.48
Working capital turnover 14.60 13.70 9.08 9.10 9.72 8.43 6.46 6.90 5.50 5.32 4.85 5.35 6.26 8.12 10.57 105.88 — — — —

Chuy's Holdings Inc's activity ratios provide insights into the efficiency with which the company manages its assets and liabilities.

1. Inventory Turnover: Chuy's Holdings Inc has consistently high inventory turnover ratios, ranging from 55.54 to 72.72. This indicates that the company is able to sell through its inventory quickly, which is a positive sign of efficient inventory management.

2. Receivables Turnover: The company's receivables turnover ratios vary significantly, from 145.90 to 253.05. Higher receivables turnover ratios suggest that Chuy's Holdings Inc is efficient in collecting payments from its customers, resulting in quicker cash inflows.

3. Payables Turnover: Chuy's Holdings Inc's payables turnover ratios show a fluctuating trend, ranging from 14.26 to 22.21. A higher payables turnover indicates that the company is paying off its suppliers relatively quickly, which could help in maintaining good relationships with vendors.

4. Working Capital Turnover: The working capital turnover ratios for Chuy's Holdings Inc vary from 6.46 to 14.60. A higher working capital turnover ratio suggests that the company is utilizing its working capital efficiently to generate sales revenue.

Overall, based on these activity ratios, it can be concluded that Chuy's Holdings Inc is effectively managing its inventory, receivables, payables, and working capital, leading to improved operational efficiency and potential profitability.

Average number of days

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
Days of inventory on hand (DOH) days 2.19 2.09 2.09 2.04 2.68 2.17 2.39 2.24 2.42 2.15 2.29 2.29 2.29 2.77 2.63 2.22 2.56 3.04 3.21 3.01
Days of sales outstanding (DSO) days 1.52 1.84 1.89 1.53 1.73 1.44 2.48 2.50 1.67 2.88 1.28 1.78 1.94 1.25 2.11 2.24 1.43 1.35 1.56 2.65
Number of days of payables days 6.76 7.34 6.53 8.90 10.46 8.87 7.78 7.41 5.95 6.72 6.89 7.94 4.71 7.26 9.62 9.04 6.57 8.85 10.55 7.69

Chuy's Holdings Inc's activity ratios provide insights into its efficiency in managing inventory, collecting receivables, and paying suppliers.

1. Days of Inventory on Hand (DOH): The company's DOH has been decreasing over the quarters, indicating that the company is managing its inventory more efficiently. A lower DOH suggests that the company is selling its inventory faster, which can lead to reduced carrying costs and potentially higher profits.

2. Days of Sales Outstanding (DSO): Chuy's DSO shows fluctuations over the quarters but generally remains low, indicating that the company collects its receivables quickly. A lower DSO implies that the company is efficient in collecting payments from customers, which enhances its cash flow and liquidity.

3. Number of Days of Payables: The days payable outstanding has been fluctuating but has shown a decreasing trend in the recent quarters. This suggests that Chuy's is taking longer to pay its suppliers, which can be beneficial in terms of preserving cash flow and potentially negotiating better terms with suppliers.

In conclusion, Chuy's Holdings Inc has shown improvements in managing its inventory, collecting receivables, and paying suppliers more efficiently over the quarters, which can positively impact its financial performance and overall liquidity position.

Long-term

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
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
Total asset turnover 0.97 0.95 0.91 0.91 0.89 0.87 0.84 0.85 0.80 0.75 0.69 0.63 0.65 0.71 0.76 0.93 0.96 0.94 0.91 0.92

Chuy`s Holdings Inc's fixed asset turnover ratio has been relatively stable over the past eight quarters, ranging from 2.24 to 2.30. This indicates that the company generates around $2.24 to $2.30 in revenue for every dollar invested in fixed assets. The consistent values suggest that the company is efficiently utilizing its fixed assets to generate sales.

On the other hand, the total asset turnover ratio has shown a slight increasing trend from 0.84 in Q2 2022 to 0.97 in Q4 2023. This ratio measures the company's ability to generate sales from its total assets. The increasing trend indicates that the company is becoming more effective in utilizing all its assets to generate revenue.

Overall, both ratios suggest that Chuy`s Holdings Inc is effectively managing and utilizing its assets to generate sales, with a stable fixed asset turnover and an improving total asset turnover over the quarters analyzed.