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Chipotle Mexican Grill (NYSE:CMG) Return-on-Tangible-Asset

: 15.45% (As of Sep. 2022)
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Return-on-Tangible-Asset is calculated as Net Income divided by its average total tangible assets. Total tangible assets equals to Total Assets minus Intangible Assets. Chipotle Mexican Grill's annualized Net Income for the quarter that ended in Sep. 2022 was $1,029 Mil. Chipotle Mexican Grill's average total tangible assets for the quarter that ended in Sep. 2022 was $6,659 Mil. Therefore, Chipotle Mexican Grill's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2022 was 15.45%.

The historical rank and industry rank for Chipotle Mexican Grill's Return-on-Tangible-Asset or its related term are showing as below:

CMG' s Return-on-Tangible-Asset Range Over the Past 10 Years
Min: 0.97   Med: 9.97   Max: 19.83
Current: 12.25

During the past 13 years, Chipotle Mexican Grill's highest Return-on-Tangible-Asset was 19.83%. The lowest was 0.97%. And the median was 9.97%.

CMG's Return-on-Tangible-Asset is ranked better than
90.46% of 346 companies
in the Restaurants industry
Industry Median: 1.67 vs CMG: 12.25

Chipotle Mexican Grill (NYSE:CMG) Return-on-Tangible-Asset Historical Data

The historical data trend for Chipotle Mexican Grill's Return-on-Tangible-Asset can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Chipotle Mexican Grill Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Return-on-Tangible-Asset Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 8.75 8.27 9.56 6.44 10.37

Chipotle Mexican Grill Quarterly Data
Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
Return-on-Tangible-Asset Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 12.67 8.07 9.68 16.04 15.45

Chipotle Mexican Grill (NYSE:CMG) Return-on-Tangible-Asset Competitive Comparison

For the Restaurants subindustry, Chipotle Mexican Grill's Return-on-Tangible-Asset, along with its competitors' market caps and Return-on-Tangible-Asset data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

   

Chipotle Mexican Grill (NYSE:CMG) Return-on-Tangible-Asset Distribution

For the Restaurants industry and Consumer Cyclical sector, Chipotle Mexican Grill's Return-on-Tangible-Asset distribution charts can be found below:

* The bar in red indicates where Chipotle Mexican Grill's Return-on-Tangible-Asset falls into.



Chipotle Mexican Grill Return-on-Tangible-Asset Calculation

Chipotle Mexican Grill's annualized Return-on-Tangible-Asset for the fiscal year that ended in Dec. 2021 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(A: Dec. 2021 )  (A: Dec. 2020 )(A: Dec. 2021 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(A: Dec. 2021 )  (A: Dec. 2020 )(A: Dec. 2021 )
=652.984/( (5960.957+6631.019)/ 2 )
=652.984/6295.988
=10.37 %

Chipotle Mexican Grill's annualized Return-on-Tangible-Asset for the quarter that ended in Sep. 2022 is calculated as:

Return-on-Tangible-Asset=Net Income/( (Total Tangible Assets+Total Tangible Assets)/ count )
(Q: Sep. 2022 )  (Q: Jun. 2022 )(Q: Sep. 2022 )
=Net Income/( (Total Assets - Intangible Assets+Total Assets - Intangible Assets)/ count )
(Q: Sep. 2022 )  (Q: Jun. 2022 )(Q: Sep. 2022 )
=1028.552/( (6523.397+6795.498)/ 2 )
=1028.552/6659.4475
=15.45 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Return-on-Tangible-Asset, the net income of the last fiscal year and the average total tangible assets over the fiscal year are used. In calculating the quarterly data, the Net Income data used here is four times the quarterly (Sep. 2022) net income data.


Chipotle Mexican Grill  (NYSE:CMG) Return-on-Tangible-Asset Explanation

Return-on-Tangible-Asset measures the rate of return on the average total tangible assets (total assets minus intangible assets). Tangible means physical in nature. Intangible Assets are assets that are not physical in nature, and typically "derive their value from legal or intellectual rights." Return-on-Tangible-Asset measures a firm's efficiency at generating profits from its tangible assets. It shows how well a company uses what it has to generate earnings. Return-on-Tangible-Assets can vary drastically across industries. Therefore, Return-on-Tangible-Asset should not be used to compare companies in different industries.


Be Aware

Like ROE and ROA, Return-on-Tangible-Asset is calculated with only 12 months data. Fluctuations in the company’s earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. Return-on-Tangible-Asset can be affected by events such as stock buyback or issuance, and by a company’s tax rate and its interest payment. Return-on-Tangible-Asset may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).

Many analysts argue the higher return the better. Buffett states that really high Return-on-Tangible-Asset may indicate vulnerability in the durability of the competitive advantage.


Chipotle Mexican Grill Return-on-Tangible-Asset Related Terms

Thank you for viewing the detailed overview of Chipotle Mexican Grill's Return-on-Tangible-Asset provided by GuruFocus.com. Please click on the following links to see related term pages.


Chipotle Mexican Grill (NYSE:CMG) Business Description

Chipotle Mexican Grill logo
Address
610 Newport Center Drive, Suite 1400, Newport Beach, CA, USA, 92660
Chipotle Mexican Grill is the largest fast-casual chain restaurant in the United States, with systemwide sales of $7.5 billion over the last twelve months. The Mexican concept is entirely company-owned, with a footprint of nearly 3,000 stores at the end of 2021 heavily indexed to the United States, though the firm maintains a small presence in Canada, the U.K., France, and Germany. Chipotle sells burritos, burrito bowls, tacos, quesadillas, and beverages, with a selling proposition built around competitive prices, high-quality food sourcing, speed of service, and convenience. The company generates its revenue entirely from restaurant sales and delivery fees.
Executives
Maw Scott Harlan director 1411 E. MISSION AVENUE SPOKANE WA 99202
Namvar Ali director C/O PERSHING SQUARE CAPITAL MANAGEMENT 888 SEVENTH AVENUE, 42ND FLOOR NEW YORK NY 10019
Filikrushel Patricia director DOLLAR GENERAL CORPORATION 100 MISSION RIDGE GOODLETTSVILLE TN 37072
Hickenlooper Robin S director 12300 LIBERTY BOULEVARD ENGLEWOOD CO 80112
Engles Gregg L director 1225 SEVENTEENTH STREET SUITE 1000 DENVER CO 80202
Winston Mary A director 557 BROADWAY C/O SCHOLASTIC CORP NEW YORK NY 10012
Carey Matt director 11216 WAPLES MILL ROAD SUITE 100 FAIRFAX VA 22030
Gutierrez Mauricio director 211 CARNEGIE CENTER PRINCETON NJ 08540
Flanzraich Neil director 4400 BISCAYNE BLVD MIAMI FL 33137
Niccol Brian R director, officer: Chairman, CEO 1 GLEN BELL WAY IRVINE CA 92618
Brandt Christopher W officer: Chief Marketing Officer 2202 NORTH WESTSHORE BLVD TAMPA FL 33607
Schalow Laurie officer: Chief Corp Affairs, Food Sft 610 NEWPORT CENTER DRIVE SUITE 1300 NEWPORT BEACH CA 92660
Andrada Marissa officer: Chief D&I and People Officer C/O KATE SPADE & COMPANY 2 PARK AVENUE NEW YORK NY 10016
Garner Curtis E officer: Chief Technology Officer C/O AEROHIVE NETWORKS, INC. 330 GIBRALTAR DRIVE SUNNYVALE CA 94089
Boatwright Scott officer: Chief Restaurant Officer 1401 WYNKOOP STREET SUITE 500 DENVER CO 80202

Chipotle Mexican Grill (NYSE:CMG) Headlines

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