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The Chefs' Warehouse (The Chefs' Warehouse) ROE %

: 14.39% (As of Dec. 2023)
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ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. The Chefs' Warehouse's annualized net income for the quarter that ended in Dec. 2023 was $64 Mil. The Chefs' Warehouse's average Total Stockholders Equity over the quarter that ended in Dec. 2023 was $445 Mil. Therefore, The Chefs' Warehouse's annualized ROE % for the quarter that ended in Dec. 2023 was 14.39%.

The historical rank and industry rank for The Chefs' Warehouse's ROE % or its related term are showing as below:

CHEF' s ROE % Range Over the Past 10 Years
Min: -24.36   Med: 7.35   Max: 10.2
Current: 8.16

During the past 13 years, The Chefs' Warehouse's highest ROE % was 10.20%. The lowest was -24.36%. And the median was 7.35%.

CHEF's ROE % is ranked worse than
55.96% of 302 companies
in the Retail - Defensive industry
Industry Median: 9.675 vs CHEF: 8.16

The Chefs' Warehouse ROE % Historical Data

The historical data trend for The Chefs' Warehouse's ROE % 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 Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
ROE %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 7.51 -24.36 -1.42 7.38 8.08

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
ROE % 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 1.19 1.39 9.52 6.83 14.39

Competitive Comparison

For the Food Distribution subindustry, The Chefs' Warehouse's ROE %, along with its competitors' market caps and ROE % 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 ROE % Distribution

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

* The bar in red indicates where The Chefs' Warehouse's ROE % falls into.



The Chefs' Warehouse ROE % Calculation

The Chefs' Warehouse's annualized ROE % for the fiscal year that ended in Dec. 2023 is calculated as

ROE %=Net Income (A: Dec. 2023 )/( (Total Stockholders Equity (A: Dec. 2022 )+Total Stockholders Equity (A: Dec. 2023 ))/ count )
=34.59/( (401.509+454.672)/ 2 )
=34.59/428.0905
=8.08 %

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

ROE %=Net Income (Q: Dec. 2023 )/( (Total Stockholders Equity (Q: Sep. 2023 )+Total Stockholders Equity (Q: Dec. 2023 ))/ count )
=64/( (434.782+454.672)/ 2 )
=64/444.727
=14.39 %

* 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 ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Dec. 2023) net income data. ROE % is displayed in the 30-year financial page.


The Chefs' Warehouse  (NAS:CHEF) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=64/444.727
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(64 / 3801.892)*(3801.892 / 1681.674)*(1681.674 / 444.727)
=Net Margin %*Asset Turnover*Equity Multiplier
=1.68 %*2.2608*3.7814
=ROA %*Equity Multiplier
=3.8 %*3.7814
=14.39 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Dec. 2023 )
=Net Income/Total Stockholders Equity
=64/444.727
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (64 / 104.288) * (104.288 / 152.62) * (152.62 / 3801.892) * (3801.892 / 1681.674) * (1681.674 / 444.727)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.6137 * 0.6833 * 4.01 % * 2.2608 * 3.7814
=14.39 %

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. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* 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

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


The Chefs' Warehouse ROE % Related Terms

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

Traded in Other Exchanges
Address
100 East Ridge Road, Ridgefield, CT, USA, 06877
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

The Chefs' Warehouse (The Chefs' Warehouse) Headlines