The Chefs' Warehouse (The Chefs' Warehouse) EBIT : $101 Mil (TTM As of Dec. 2023)

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What is The Chefs' Warehouse EBIT?

The Chefs' Warehouse's earnings before interest and taxes (EBIT) for the three months ended in Dec. 2023 was $38 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Dec. 2023 was $101 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. The Chefs' Warehouse's annualized ROC % for the quarter that ended in Dec. 2023 was 6.88%. The Chefs' Warehouse's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 19.58%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. The Chefs' Warehouse's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Dec. 2023 was 4.62%.

The Chefs' Warehouse EBIT Historical Data

The historical data trend for The Chefs' Warehouse's EBIT 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.

The Chefs' Warehouse EBIT Chart

The Chefs' Warehouse Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

EBIT

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50.67

-102.66

10.81

85.74

100.94

The Chefs' Warehouse Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
EBIT	Get a 7-Day Free Trial															29.77	11.90	25.34	25.55	38.16

Competitive Comparison of The Chefs' Warehouse's EBIT

For the Food Distribution subindustry, The Chefs' Warehouse's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT 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.

The Chefs' Warehouse's EV-to-EBIT Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, The Chefs' Warehouse's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where The Chefs' Warehouse's EV-to-EBIT falls into.

The Chefs' Warehouse EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $101 Mil.

The Chefs' Warehouse (NAS:CHEF) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

The Chefs' Warehouse's annualized ROC % for the quarter that ended in Dec. 2023 is calculated as:

	ROC % (Q: Dec. 2023 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Sep. 2023 )	+	Invested Capital (Q: Dec. 2023 ))	/ count )
=	152.62 * ( 1 - 38.63% )	/	( (1340.248	+	1384.153)	/ 2 )
=	93.662894	/	1362.2005
=	6.88 %

where

	Invested Capital		(Q: Sep. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	1658.042	-	284.736	-	( 33.058	-	max(0, 350.218	-	721.617	+	33.058	))
=	1340.248

	Invested Capital		(Q: Dec. 2023 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	1705.306	-	271.275	-	( 49.878	-	max(0, 385.777	-	730.943	+	49.878	))
=	1384.153

Note: The Operating Income data used here is four times the quarterly (Dec. 2023) data.

2. Joel Greenblatt's definition of Return on Capital:

The Chefs' Warehouse's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2023 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Dec. 2023 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Sep. 2023		Q: Dec. 2023
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	152.62	/	( ( (386.019 + max(373.076, 0))	+	(427.1 + max(372.719, 0)) )	/	2 )
=	152.62	/	( ( 759.095	+	799.819 )	/	2 )
=	152.62	/	779.457
=	19.58 %

where Working Capital is:

	Working Capital		(Q: Sep. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(316.138	+	312.222	+	60.199)	-	(284.736	+	0	+	30.747)
=	373.076

	Working Capital		(Q: Dec. 2023 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(334.015	+	284.528	+	62.522)	-	(271.275	+	0	+	37.071)
=	372.719

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Dec. 2023) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

The Chefs' Warehouse's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Dec. 2023 )
	=	100.943	/	2184.516
	=	4.62 %

The Chefs' Warehouse EBIT Related Terms

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The Chefs' Warehouse (The Chefs' Warehouse) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » The Chefs' Warehouse Inc (NAS:CHEF) » Definitions » EBIT

Comparable Companies

Traded in Other Exchanges

2CF:Germany

Address

100 East Ridge Road, Ridgefield, CT, USA, 06877

Website

https://www.chefswarehouse.com

The Chefs' Warehouse Inc is a specialty food distributor in major metropolitan areas across the United States and Canada. The company's product portfolio is primarily comprised of imported and local specialty food products such as cheese, cooking oils, chocolates, dried food, baking products, meats, and other food products. The Chefs' Warehouse operates via one reporting segment called Food Product Distribution. Operations are concentrated on the east, mid and west coasts of the U.S. The company provides service primarily to restaurants, clubs, hotels, caterers, schools, bakeries, casinos and speciality food stores.

Executives

Tim Mccauley	officer: Chief Accounting Officer	100 EAST RIDGE ROAD, RIDGEFIELD CT 06877
Joseph M. Cugine	director	16859 CAMINETTO COURT, NAPLES, NAPLES FL 34110
Katherine Oliver	director	100 EAST RIDGE ROAD, RIDGEFIELD CT 06877
Christina Polychroni	officer: Chief Human Resources Officer	C/O THE CHEFS' WAREHOUSE, 100 EAST RIDGE ROAD, RIDGEFIELD CT 06877
Alexandros Aldous	officer: General Counsel	100 EAST RIDGE ROAD, RIDGEFIELD CT 06877
James Leddy	officer: Chief Financial Officer	C/O THE CHEFS' WAREHOUSE INC., 100 EAST RIDGE ROAD, RIDGEFIELD CT 06877
Christopher Pappas	director, officer: President and CEO	100 EAST RIDGE ROAD, RIDGEFIELD CT 06877
Patricia Lecouras	officer: Chief Human Resources Officer	100 EAST RIDGE ROAD, RIDGEFIELD CT 06877
John Pappas	director, officer: Vice Chairman	100 EAST RIDGE ROAD, RIDGEFIELD CT 06877
Aylwin B Lewis	director	111 N. CANAL, SUITE 850, CHICAGO IL 60606
Ivy Brown	director	17324 E HIDDEN GREEN CT, RIO VERDE AZ 85263
John A Couri	director	63 COPPS HILL RD, RIDGEFIELD CT 06877
David E. Schreibman	director	1852 N. FREMONT STREET, CHICAGO IL 60614
Christina Carroll	director	16529 ADLON ROAD, ENCINO CA 91436
John D Austin	officer: Chief Financial Officer