Chipotle Mexican Grill Inc (CMG)

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	1,228,737	1,170,378	1,114,299	1,032,451	899,101	808,849	756,145	684,177	652,984	710,468	586,278	406,479	355,766	237,223	255,561	338,414	350,158	309,761	249,383	205,239
Total assets	US$ in thousands	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	5,104,600	4,937,940	4,659,310	4,625,480
ROA		15.27%	14.79%	14.75%	14.64%	12.98%	11.86%	11.55%	10.58%	9.81%	10.72%	9.28%	6.61%	5.95%	4.21%	4.76%	6.50%	6.86%	6.27%	5.35%	4.44%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $1,228,737K ÷ $8,044,360K
= 15.27%

To analyze Chipotle Mexican Grill's return on assets (ROA) over the given periods, we observe a consistent upward trend from Q1 2022 to Q4 2023. ROA increased from 10.58% in Q1 2022 to 15.27% in Q4 2023, indicating improved efficiency in generating profits from its assets. This progressive trend suggests that the company is effectively utilizing its assets to generate higher returns for its shareholders. The steady growth in ROA reflects positively on Chipotle's management of its assets and operational performance over the examined periods. Additionally, the consistent improvement in ROA indicates that the company's profitability and efficiency have been on an upward trajectory, which may inspire investor confidence in the company's financial health and decision-making processes.