Chipotle Mexican Grill Inc (CMG)

Total asset turnover

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Revenue (ttm)	US$ in thousands	11,313,860	10,984,870	10,663,240	10,204,920	9,871,650	9,535,930	9,284,160	8,982,700	8,634,660	8,414,690	8,146,830	7,826,030	7,547,070	7,194,150	6,843,240	6,315,440	5,984,630	5,817,140	5,619,430	5,688,920
Total assets	US$ in thousands	9,204,370	9,011,670	8,919,840	8,411,250	8,044,360	7,911,490	7,552,440	7,053,370	6,927,500	6,817,440	6,545,340	6,467,260	6,652,960	6,627,570	6,320,450	6,149,060	5,982,900	5,631,640	5,370,130	5,206,490
Total asset turnover		1.23	1.22	1.20	1.21	1.23	1.21	1.23	1.27	1.25	1.23	1.24	1.21	1.13	1.09	1.08	1.03	1.00	1.03	1.05	1.09

December 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $11,313,860K ÷ $9,204,370K
= 1.23

Chipotle Mexican Grill Inc's total asset turnover has shown a generally stable trend over the period from March 31, 2020, to December 31, 2024. The total asset turnover ratio measures the company's efficiency in generating sales from its total assets, indicating how well the company is utilizing its assets to generate revenue.

Chipotle's total asset turnover ratio experienced a slight decline from 1.09 on March 31, 2020, to 1.00 on December 31, 2020, but then gradually improved and reached a peak of 1.27 on March 31, 2023. The ratio then slightly decreased to 1.20 by June 30, 2024, before rising again to 1.23 by December 31, 2024.

Overall, the upward trend in the total asset turnover ratio signifies that Chipotle has been effectively utilizing its assets to drive revenue growth. However, the slight fluctuations in the ratio indicate that the company may have experienced some variability in its asset utilization efficiency during the period under consideration. Further analysis of the components contributing to total assets and sales performance would provide more insights into the company's operational efficiency and overall financial health.