Chuy's Holdings Inc (CHUY)

Working capital 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
Total current assets	US$ in thousands	80,370	80,530	93,943	91,215	87,818	92,453	107,007	98,689	114,464	113,424	121,157	103,516	94,561	84,236	76,361	36,222	16,783	20,491	22,340	17,470
Total current liabilities	US$ in thousands	48,766	47,750	45,211	43,487	44,358	43,042	43,232	39,376	42,372	42,611	47,684	44,821	43,318	41,831	41,238	32,267	36,199	37,032	39,463	32,304
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	—	—	—	—

December 31, 2023 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $461,310K ÷ ($80,370K – $48,766K)
= 14.60

The working capital turnover of Chuy`s Holdings Inc has shown a consistent improvement over the quarters, indicating an increasing efficiency in utilizing its working capital to generate sales. The trend demonstrates a positive uptrend in the company's ability to convert its working capital into revenue. In Q4 2023, the working capital turnover reached its peak at 14.60 times, showing a significant improvement compared to the previous quarters. This suggests that the company is becoming more effective in managing its working capital and generating sales from its current assets. Overall, the upward trend in working capital turnover indicates a positive operational performance and efficiency in utilizing resources at Chuy`s Holdings Inc.