Chuy's Holdings Inc (CHUY)
Total asset 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 |
| Total assets | US$ in thousands | 476,634 | 474,781 | 495,324 | 493,675 | 446,069 |
| Total asset turnover | 0.97 | 0.89 | 0.80 | 0.65 | 0.96 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $461,310K ÷ $476,634K
= 0.97
The total asset turnover of Chuy`s Holdings Inc has shown fluctuations over the past five years. In 2023, the total asset turnover ratio was 0.97, indicating that the company generated $0.97 in revenue for every $1 of total assets. This represents an improvement from the previous year's ratio of 0.89.
Compared to 2021 and 2020, where the ratios were 0.80 and 0.65 respectively, the company has seen significant growth in its efficiency in generating revenue from its total assets. However, it is worth noting that in 2019, the total asset turnover ratio was 0.96, similar to the current year's ratio.
Overall, the increasing trend in the total asset turnover ratio suggests that Chuy`s Holdings Inc has been more successful in utilizing its total assets to generate revenue, potentially reflecting improved operational efficiency and asset management.
Peer comparison
Dec 31, 2023