Chuy's Holdings Inc (CHUY)

Return on assets (ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	31,510	20,855	30,176	-3,294	6,215
Total assets	US$ in thousands	476,634	474,781	495,324	493,675	446,069
ROA		6.61%	4.39%	6.09%	-0.67%	1.39%

December 31, 2023 calculation

ROA = Net income ÷ Total assets
= $31,510K ÷ $476,634K
= 6.61%

Chuy's Holdings Inc's return on assets (ROA) has shown variability over the past five years. The ROA for the fiscal year ended December 31, 2023, is 6.61%, reflecting an improvement from the previous year's 4.39%. This indicates that the company generated 6.61 cents in net income for every dollar of assets it owns in 2023.

In 2021, Chuy's ROA was 6.09%, indicating a solid performance in utilizing its assets to generate profit. The ROA for 2020 was negative at -0.67%, which suggests that the company incurred a net loss relative to its assets that year. It is important to investigate the reasons behind this negative return.

The ROA rebounded in 2019 to 1.39%, showing a slight increase compared to the previous year. Overall, Chuy's performance in terms of ROA has been somewhat inconsistent over the past five years. Further analysis of the company's financial statements and operational activities is recommended to better understand the factors influencing its return on assets.