Chuy's Holdings Inc (CHUY)

Receivables 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
Receivables	US$ in thousands	1,925	2,265	2,296	1,818	2,004	1,647	2,803	2,805	1,811	2,972	1,246	1,532	1,707	1,176	2,146	2,571	1,676	1,557	1,761	2,954
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

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $461,310K ÷ $1,925K
= 239.64

The receivables turnover of Chuy`s Holdings Inc has shown fluctuations over the past eight quarters, ranging from a low of 145.90 in Q2 2022 to a high of 253.05 in Q3 2022. In the most recent quarter, Q4 2023, the receivables turnover stood at 239.64, indicating that the company collected its accounts receivables approximately 239.64 times during the year.

Overall, the upward trend in receivables turnover from Q2 2022 to Q3 2022 suggests an improvement in the company's efficiency in collecting payments from customers. However, the subsequent decline in Q4 2023, compared to the previous quarter, warrants further analysis to understand the reasons behind the decrease. Further investigation into the impact of this fluctuation on the company's cash flows and working capital management would be beneficial to assess the overall financial health of Chuy`s Holdings Inc.