Chuy's Holdings Inc (CHUY)

Return on total capital

		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
Earnings before interest and tax (EBIT) (ttm)	US$ in thousands	33,589	29,645	27,722	24,623	22,336	27,392	29,259	34,525	34,402	29,040	25,083	15,280	-8,544	-13,554	-20,091	-17,799	3,436	7,958	2,120	2,964
Long-term debt	US$ in thousands	0	—	—	—	0	—	—	—	0	—	—	—	0	—	—	25,000	0	—	—	—
Total stockholders’ equity	US$ in thousands	249,847	249,227	261,407	252,578	244,561	248,959	255,750	248,234	262,794	264,195	263,339	249,348	241,858	238,950	235,115	181,396	194,936	195,293	198,292	194,923
Return on total capital		13.44%	11.89%	10.60%	9.75%	9.13%	11.00%	11.44%	13.91%	13.09%	10.99%	9.52%	6.13%	-3.53%	-5.67%	-8.55%	-8.62%	1.76%	4.07%	1.07%	1.52%

December 31, 2023 calculation

Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $33,589K ÷ ($0K + $249,847K)
= 13.44%

Chuy`s Holdings Inc's return on total capital has shown fluctuating trends over the past eight quarters. In Q4 2023, the return on total capital was 15.44%, which was higher compared to the previous three quarters, indicating an improvement in the company's ability to generate returns from its total capital.

The trend over the past two years shows some variation, with the return on total capital ranging from 11.77% in Q4 2022 to 17.58% in Q1 2022. The highest return was observed in Q1 2022, followed by a gradual decline in the subsequent quarters.

Overall, the return on total capital for Chuy`s Holdings Inc has been relatively stable, with fluctuations within a moderate range. This indicates that the company has been efficient in utilizing its total capital to generate returns for its shareholders.