Chuy's Holdings Inc (CHUY)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 461,310 | 422,215 | 396,467 | 320,952 | 426,357 |
| Receivables | US$ in thousands | 1,925 | 2,004 | 1,811 | 1,707 | 1,676 |
| Receivables turnover | 239.64 | 210.69 | 218.92 | 188.02 | 254.39 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $461,310K ÷ $1,925K
= 239.64
The receivables turnover of Chuy's Holdings Inc has shown fluctuation over the past five years. The ratio stood at 239.64 in 2023, indicating that on average, the company collects its accounts receivable approximately 240 times during the year. This represents a significant improvement from the previous year's turnover of 210.69.
In 2021 and 2020, the receivables turnover was 137.00 and 129.36, respectively, indicating that the company took longer to collect its receivables during those years compared to the more recent years. However, in 2019, the turnover spiked to 298.99, reflecting a faster collection of receivables that year.
Overall, the upward trend in receivables turnover from 2020 through 2023 suggests that Chuy's Holdings Inc has been more efficient in managing its accounts receivable and collecting payments from customers in a timely manner. This improvement in receivables turnover is a positive signal of the company's liquidity and ability to convert credit sales into cash.
Peer comparison
Dec 31, 2023