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Chuy's Holdings (Chuy's Holdings) Asset Turnover : 0.25 (As of Dec. 2023)


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What is Chuy's Holdings Asset Turnover?

Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Chuy's Holdings's Revenue for the three months ended in Dec. 2023 was $116.3 Mil. Chuy's Holdings's Total Assets for the quarter that ended in Dec. 2023 was $475.5 Mil. Therefore, Chuy's Holdings's Asset Turnover for the quarter that ended in Dec. 2023 was 0.25.

Asset Turnover is linked to ROE % through Du Pont Formula. Chuy's Holdings's annualized ROE % for the quarter that ended in Dec. 2023 was 8.78%. It is also linked to ROA % through Du Pont Formula. Chuy's Holdings's annualized ROA % for the quarter that ended in Dec. 2023 was 4.61%.


Chuy's Holdings Asset Turnover Historical Data

The historical data trend for Chuy's Holdings's Asset Turnover 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.

Chuy's Holdings Asset Turnover Chart

Chuy's Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Asset Turnover
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.18 0.68 0.80 0.87 0.97

Chuy's Holdings Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Asset Turnover Get a 7-Day Free Trial 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 0.22 0.24 0.25 0.24 0.25

Competitive Comparison of Chuy's Holdings's Asset Turnover

For the Restaurants subindustry, Chuy's Holdings's Asset Turnover, along with its competitors' market caps and Asset Turnover 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.


Chuy's Holdings's Asset Turnover Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Chuy's Holdings's Asset Turnover distribution charts can be found below:

* The bar in red indicates where Chuy's Holdings's Asset Turnover falls into.



Chuy's Holdings Asset Turnover Calculation

Asset Turnover measures how quickly a company turns over its asset through sales.

Chuy's Holdings's Asset Turnover for the fiscal year that ended in Dec. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (A: Dec. 2023 )/( (Total Assets (A: Dec. 2022 )+Total Assets (A: Dec. 2023 ))/ count )
=461.31/( (474.781+476.634)/ 2 )
=461.31/475.7075
=0.97

Chuy's Holdings's Asset Turnover for the quarter that ended in Dec. 2023 is calculated as

Asset Turnover
=Revenue/Average Total Assets
=Revenue (Q: Dec. 2023 )/( (Total Assets (Q: Sep. 2023 )+Total Assets (Q: Dec. 2023 ))/ count )
=116.347/( (474.303+476.634)/ 2 )
=116.347/475.4685
=0.24

* 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.

Companies with low profit margins tend to have high Asset Turnover, while those with high profit margins have low Asset Turnover. Companies in the retail industry tend to have a very high turnover ratio.


Chuy's Holdings  (NAS:CHUY) Asset Turnover Explanation

Asset Turnover is linked to ROE % through Du Pont Formula.

Chuy's Holdings's annulized ROE % for the quarter that ended in Dec. 2023 is

ROE %**(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=21.92/249.537
=(Net Income / Revenue)*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(21.92 / 465.388)*(465.388 / 475.4685)*(475.4685/ 249.537)
=Net Margin %*Asset Turnover*Equity Multiplier
=4.71 %*0.9788*1.9054
=ROA %*Equity Multiplier
=4.61 %*1.9054
=8.78 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (Dec. 2023) revenue data.

* 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.

** The ROE % used above is for Du Pont Analysis only. It is different from the defined ROE % page on our website, as here it uses Net Income instead of Net Income attributable to Common Stockholders in the calculation.

It is also linked to ROA % through Du Pont Formula:

Chuy's Holdings's annulized ROA % for the quarter that ended in Dec. 2023 is

ROA %(Q: Dec. 2023 )
=Net Income/Total Assets
=21.92/475.4685
=(Net Income / Revenue)*(Revenue / Total Assets)
=(21.92 / 465.388)*(465.388 / 475.4685)
=Net Margin %*Asset Turnover
=4.71 %*0.9788
=4.61 %

Note: The Net Income data used here is four times the quarterly (Dec. 2023) net income data. The Revenue data used here is four times the quarterly (Dec. 2023) revenue data.

* 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.


Be Aware

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Therefore, it is a good sign if a company's Asset Turnover is consistent or even increases. If a company's asset grows faster than sales, its Asset Turnover will decline, which can be a warning sign.


Chuy's Holdings Asset Turnover Related Terms

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Chuy's Holdings (Chuy's Holdings) Business Description

Traded in Other Exchanges
N/A
Address
1623 Toomey Road, Austin, TX, USA, 78704
Chuy's Holdings Inc operates Chuy's, a restaurant concept offering a distinct menu of authentic, freshly prepared Mexican and Tex-Mex inspired food. It offers the same menu during lunch and dinner, which includes enchiladas, fajitas, tacos, burritos, combination platters and daily specials, complemented by a range of appetizers, soups, and salads. The company also offers a full-service bar in all of its restaurants providing its customers with a range of beverage offerings.
Executives
John Korman officer: Chief Operating Officer C/O CHUY'S HOLDINGS, INC., 1623 TOOMEY RD., AUSTIN TX 78704
Ira L. Zecher director 1623 TOOMEY ROAD, AUSTIN TX 78704
Michael C. Hatcher officer: See Remarks 1623 TOOMEY ROAD, AUSTIN TX 78704
Starlette B Johnson director
John Mountford officer: Chief Operating Officer 1623 TOOMEY ROAD, AUSTIN TX 78704
Jon W Howie officer: Chief Financial Officer 1623 TOOMEY ROAD, AUSTIN TX 78704
Steven J. Hislop director, officer: President & CEO 1623 TOOMEY ROAD, AUSTIN TX 78704
Jody L Bilney director 2202 NORTH WEST SHORE BLVD., SUITE 500, TAMPA FL 33607
Saed Mohseni director 720 SW WASHINGTON STREET, SUITE 550, PORTLAND OR 97205
Randall M Dewitt director 1623 TOOMEY ROAD, AUSTIN TX 78704
Sharon A. Russell officer: Secretary and CAO 1623 TOOMEY ROAD, AUSTIN TX 78704
Michael Roger Young director, 10 percent owner, other: Member of 10% Owner Group 1623 TOOMEY ROAD, AUSTIN TX 78704
John A. Zapp director, 10 percent owner, other: Member of 10% Owner Group 1623 TOOMEY ROAD, AUSTIN TX 78704
Susan Kittrell officer: Controller 1623 TOOMEY ROAD, AUSTIN TX 78704
Francis X. Biller officer: See Remarks 1623 TOOMEY ROAD, AUSTIN TX 78704