Chipotle Mexican Grill Inc (CMG)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 11,313,900 | 9,871,650 | 8,634,650 | 7,547,060 | 5,984,630 |
| Total assets | US$ in thousands | 9,204,370 | 8,044,360 | 6,927,500 | 6,652,960 | 5,982,900 |
| Total asset turnover | 1.23 | 1.23 | 1.25 | 1.13 | 1.00 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $11,313,900K ÷ $9,204,370K
= 1.23
Total asset turnover is a financial ratio that measures a company's efficiency in generating revenue from its assets. Chipotle Mexican Grill Inc's total asset turnover has shown a consistent increase over the past five years, starting at 1.00 in December 31, 2020, and reaching 1.23 by December 31, 2024. This indicates that the company has been able to generate more revenue relative to its total assets over time.
The improvement in total asset turnover suggests that Chipotle has become more efficient in utilizing its assets to generate sales. A higher total asset turnover ratio generally signifies that the company is managing its assets effectively and generating more sales for each dollar of assets invested.
Overall, the trend in Chipotle Mexican Grill Inc's total asset turnover ratio reflects positively on the company's operational efficiency and financial performance, indicating improved asset utilization and revenue generation capabilities.
Peer comparison
Dec 31, 2024