Chipotle Mexican Grill Inc (CMG)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	3,062,210	2,886,310	2,766,890	2,481,680	2,368,020	2,327,380	2,154,200	2,133,960	2,297,370	2,310,910	2,174,160	2,097,530	2,020,140	1,805,590	1,704,500	1,672,020	1,683,030	1,622,450	1,538,050	1,483,800
ROE		40.13%	40.55%	40.27%	41.60%	37.97%	34.75%	35.10%	32.06%	28.42%	30.74%	26.97%	19.38%	17.61%	13.14%	14.99%	20.24%	20.81%	19.09%	16.21%	13.83%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $1,228,737K ÷ $3,062,210K
= 40.13%

Chipotle Mexican Grill's return on equity (ROE) has shown consistent performance over the quarters analyzed, ranging from 32.06% in Q1 2022 to 41.60% in Q1 2023. The company's ROE has generally been above 30%, indicating that it is effectively generating profit from shareholders' equity. The increase in ROE from Q1 2022 to Q1 2023 suggests an improvement in profitability and efficiency in utilizing shareholders' investments. Overall, Chipotle Mexican Grill's ROE indicates strong financial performance and effective management of resources during the periods analyzed.