Market Cap : 46.19 B | Enterprise Value : 49.05 B | PE Ratio : 62.31 | PB Ratio : 21.47 |
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Asset Turnover measures how quickly a company turns over its asset through sales. It is calculated as Revenue divided by Total Assets. Chipotle Mexican Grill's Revenue for the three months ended in Jun. 2022 was $2,213 Mil. Chipotle Mexican Grill's Total Assets for the quarter that ended in Jun. 2022 was $6,506 Mil. Therefore, Chipotle Mexican Grill's Asset Turnover for the quarter that ended in Jun. 2022 was 0.34.
Asset Turnover is linked to ROE % through Du Pont Formula. Chipotle Mexican Grill's annualized ROE % for the quarter that ended in Jun. 2022 was 48.49%. It is also linked to ROA % through Du Pont Formula. Chipotle Mexican Grill's annualized ROA % for the quarter that ended in Jun. 2022 was 15.98%.
The historical data trend for Chipotle Mexican Grill'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.
Asset Turnover measures how quickly a company turns over its asset through sales.
Chipotle Mexican Grill's Asset Turnover for the fiscal year that ended in Dec. 2021 is calculated as
Asset Turnover | ||||||
= | Revenue | / | Average Total Assets | |||
= | Revenue (A: Dec. 2021 ) | / | ( (Total Assets (A: Dec. 2020 ) | + | Total Assets (A: Dec. 2021 )) | / count ) |
= | 7547.061 | / | ( (5982.896 | + | 6652.958) | / 2 ) |
= | 7547.061 | / | 6317.927 | |||
= | 1.19 |
Chipotle Mexican Grill's Asset Turnover for the quarter that ended in Jun. 2022 is calculated as
Asset Turnover | ||||||
= | Revenue | / | Average Total Assets | |||
= | Revenue (Q: Jun. 2022 ) | / | ( (Total Assets (Q: Mar. 2022 ) | + | Total Assets (Q: Jun. 2022 )) | / count ) |
= | 2213.339 | / | ( (6467.257 | + | 6545.336) | / 2 ) |
= | 2213.339 | / | 6506.2965 | |||
= | 0.34 |
* 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.
Asset Turnover is linked to ROE % through Du Pont Formula.
Chipotle Mexican Grill's annulized ROE % for the quarter that ended in Jun. 2022 is
ROE %** | (Q: Jun. 2022 ) | ||||
= | Net Income | / | Total Stockholders Equity | ||
= | 1039.768 | / | 2144.0795 | ||
= | (Net Income / Revenue) | * | (Revenue / Total Assets) | * | (Total Assets / Total Stockholders Equity) |
= | (1039.768 / 8853.356) | * | (8853.356 / 6506.2965) | * | (6506.2965/ 2144.0795) |
= | Net Margin % | * | Asset Turnover | * | Equity Multiplier |
= | 11.74 % | * | 1.3607 | * | 3.0345 |
= | ROA % | * | Equity Multiplier | ||
= | 15.98 % | * | 3.0345 | ||
= | 48.49 % |
Note: The Net Income data used here is four times the quarterly (Jun. 2022) net income data. The Revenue data used here is four times the quarterly (Jun. 2022) 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:
Chipotle Mexican Grill's annulized ROA % for the quarter that ended in Jun. 2022 is
ROA % | (Q: Jun. 2022 ) | ||
= | Net Income | / | Total Assets |
= | 1039.768 | / | 6506.2965 |
= | (Net Income / Revenue) | * | (Revenue / Total Assets) |
= | (1039.768 / 8853.356) | * | (8853.356 / 6506.2965) |
= | Net Margin % | * | Asset Turnover |
= | 11.74 % | * | 1.3607 |
= | 15.98 % |
Note: The Net Income data used here is four times the quarterly (Jun. 2022) net income data. The Revenue data used here is four times the quarterly (Jun. 2022) 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.
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.
Thank you for viewing the detailed overview of Chipotle Mexican Grill's Asset Turnover provided by GuruFocus.com. Please click on the following links to see related term pages.
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 |
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