Chuy's Holdings Inc (CHUY)

Return on assets (ROA)

		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
Net income (ttm)	US$ in thousands	31,510	28,507	26,422	23,559	20,855	24,370	25,381	29,040	30,176	25,966	22,792	15,764	-3,294	-6,506	-11,149	-9,406	6,215	11,055	5,362	5,573
Total assets	US$ in thousands	476,634	474,303	487,822	479,433	474,781	479,400	488,616	479,849	495,324	499,427	515,905	498,165	493,675	487,686	486,081	449,414	446,069	448,335	455,193	442,693
ROA		6.61%	6.01%	5.42%	4.91%	4.39%	5.08%	5.19%	6.05%	6.09%	5.20%	4.42%	3.16%	-0.67%	-1.33%	-2.29%	-2.09%	1.39%	2.47%	1.18%	1.26%

December 31, 2023 calculation

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

Chuy's Holdings Inc's return on assets (ROA) has exhibited fluctuations over the past eight quarters. The ROA ranged from 4.39% in Q4 2022 to a peak of 6.61% in Q4 2023. The trend shows improvement from the last quarter of 2022 to the latest quarter of 2023. However, it is essential to note that the ROA has not been consistently increasing, as it experienced fluctuations in the intermediate quarters. Overall, Chuy's Holdings Inc's ROA indicates its ability to generate profit from its assets, with a recent positive trend towards higher returns. Tracking this ratio over time can provide insights into the company's efficiency in utilizing its assets to generate profits.