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Need help with how the projected ratios compare to the prior year ratios? Explain the importance of this comparison for Historical Ratios Projected Ratios 12/31/2021
Need help with how the projected ratios compare to the prior year ratios? Explain the importance of this comparison for
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Historical Ratios | Projected Ratios | ||||||||||
12/31/2021 | 12/31/2022 | 12/31/2018 | 12/31/2019 | 12/31/2020 | |||||||
Current Ratio | 0.99 | 0.55 | Current Ratio | 12.27 | 20.05 | 27.84 | |||||
Quick Ratio | 0.96 | 0.52 | Quick Ratio | 12.24 | 20.02 | 27.81 | |||||
Total Debt-to-Total-Assets Ratio | 1.51 | 1.74 | Debt-to-Total-Assets Ratio | 0.30 | 0.19 | 0.14 | |||||
Total Debt-to-Equity Ratio | 1.90 | 1.96 | Debt-to-Equity Ratio | 0.42 | 0.24 | 0.16 | |||||
Times-Interest-Earned Ratio | 103 | 55 | Times-Interest-Earned Ratio | 409 | 409 | 409 | |||||
Inventory Turnover | 229.9 | 242.1 | Inventory Turnover | 242.1 | 242.1 | 242.1 | |||||
Fixed Assets Turnover | 4.27 | 4.43 | Fixed Assets Turnover | 4.43 | 4.43 | 4.43 | |||||
Total Assets Turnover | 2.60 | 3.23 | Total Assets Turnover | 0.55 | 0.36 | 0.26 | |||||
Accounts Receivable Turnover | 76 | 81 | Accounts Receivable Turnover | 81 | 81 | 81 | |||||
Average Collection Period | 4.82 | 4.52 | Average Collection Period | 4.52 | 4.52 | 4.52 | |||||
Gross Profit Margin % | 23% | 24% | Gross Profit Margin % | 100% | 100% | 1 | |||||
Operating Profit Margin % | 11% | 13% | Operating Profit Margin % | 100% | 100% | 100% | |||||
ROA % | 33% | 53% | ROA % | 55% | 36% | 26% | |||||
ROE % | 42% | 60% | ROE % | 78% | 44% | 31% | |||||
Chipotle Mexican grill from 2020-2022
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