Most!of!the!numerical!values!that!directly!relate!to!Chipotle's!business! were!found!in!their!annual!10ZK!accounting!statements.!. Institute!of!the!America!in!1990!before!moving!to!San!Francisco!where!he!worked!as! a!sousZchef!at!Stars.!They!grew!to!like!taquerias!in!San!Francisco!where!they! foil!wrapped!their!burritos!and!you!could!choose!whatever!you!wanted!He!wanted! to!open!this!similar!“fastZcasual”!restaurant!to!generate!some!cash!flow!to!open!a. a complete!fineZdining!restaurant.!He moved back to!Denver,!Colorado!to!open!this. Burrito!shop!with!$80,000!loaned!by!his!father.!The!ice cream!was! on!the!corner!near!the!University!of!Denver!campus,!but!it!isn't!a!high!traffic!place.. 24,000!for!Chipotle's!first!year,!but!they! exponentially!exceeded!that!number.!. became!the!majority!owner!of!the!company!in!seven!years.!Helped!to!jump! knew!that!they!had!to!make!a!change,!to!show!Wall!Street!that!they!were!diversified! capital,!distribution!systems,!real estate!expertise,!construction!knowledge,!some. disbanded!in!2006!McDonalds!has!earned!more!than!$670!millions!from!the!business! almost!doubled!the!original!investment.!Steve!Ells!is!“What!we!found!in!the!end. of the day,!that!we!are!culturally!very!different.!There!are!two!big!things!that! we do!differently.!One!is!the!way!of!approaching!food,!the!other!is!the!way!to! 22!per!share!but!the!stock!could!not!open!for!more!than!an!hour.!When!the!stock! the!company!is!worth!$12!billion!as!its!shares!have!more!than!tripled!in!the!past! was!trading!at!40!times!earnings.. They!wanted!to!rediscover!the!fast!food!culture!with!higher!quality!food!but. no!sit down!service.!Steve!wanted!to!use!fresh!new!ingredients!prepared.
2012F2013(Growth(Percentages
Can!take!advantage!of!the!fast!casual!industry!Healthy!food!is!a!growing!trend!Sustainable!restaurant!design!is!popular. Not!enough!suppliers!to!demand!Will!lose!trust!of!loyal!customers!if!Food!s.
SWOT!
Changes!in!consumer!taste!and!preferences. places!abroad.!There!are!thousands!of!buyers!every!day.!Therefore!the. buyers!don't!have!much!power!over!the!prices!Chipotle!sells!their!food! Rival!Competition:!Here!there!are!some!restaurants!serving!the!same! Threat!of!substitution:!Consumers!could!eat!and!burritos!at!home,. but!would!probably!keep!the!advantage!of!getting!food!straight!out!of!it. family!farms.!A!Farmer's!market!would!be!the!closest!supplier.!This!type!of. food!is!not!so!readily!available,!so!the!threat!of!substitution!could!be! very!high,!but!it!is!still!learning.!. Threat!of!new!Entry:!Opening!a!new!restaurant!requires!a!huge!investment,. start!looking!at!what!they!eat!and!where!they!come!from.!Therefore,. the!threat!for!new!entry!for!Chipotle!is!relevant.!!.
The company!considers!all!instruments!excessive!investments!purchased!with. an!initial!maturity!of!three!months!or!less!of!cash!equivalents."!The!amount!of. Balance!is!written!off!when!they!believe!they!will!not !collect!no!more. beef,! pork,! chicken,! beans,! rice,! sour! . cream,!cheese,!tortillas)!purchased!from!a!small!number!of!suppliers. !Chipotle.
Non(Current(vs(Current(Assets
This!doesn't!seem!to!be!a!good!number!as!it!is!negative,!but!it!could!be!off. Liquidity ratios!help!measure!how!quickly!a!company!can!pay! its!short-term!debt obligations.!The!more!liquid!assets!there!are!(assets!that!can!be!easily!converted!into!cash)!the!better!they!can!cover!their!short-term!obligations .!Chipotles.
Receivables(Turnover
Average(Age(of(PPE
Translation(Adjustments
S.(federal(
NOPAT(and(NOA
RNOA,(ROE,(and(Non(Operating(Return
Operational!return!can!be!split!into!Net!operating!profit!margin!(NOPM!=! .NOPAT/Sales)!and!Net!operating!asset!turnover!(NOAT!=!Sales/AvgNOA) .The .
NOPM
NOAT
NOPM(Components
S.(GDP(Growth,(Unemployment(Rate,(and(
Inflation(Rate
Sales
Inventory
Furthermore,!the!more!operational!leases!they!add!in!the!future,!the!more!those!profits!will be. Now! we!adjust!the!financial!statements!with!our!new!capitalized!interest.!We. net! active! gain! after! tax),.
Growth(Projections(for(Sales,(NOPAT,(and(NOA
Management! allegations! is! the! allegations! by! management! over! the! . accuracy! of! the! financial! statement! components.!. The!third!statement!is!that!all!the!assets!and!liabilities!that!are!reported!represent! . the! rights! and! responsibilities! of! the! business.!. Make)sure)that)the)cash)amount)actually)exists)and)correct)at)the)end)of)the)period.) .. Find)that)all)the)cash)transactions)are ) included ) occurred) in) the) period) of) collection) and) that) the) correct) cash) equivalents) are included.) .. Chipotle) has) the) ownership) and) right) of) this ) cash) except) for) any) that) would) be) . considered) restricted.) ) .. That) it) is) recorded) at) its) fair) value.) .. To) be) made) to) be) disclosed) if) there) is) any) restricted) cash.) .
That) all) prepaid) expenses) actually) exist,) were) .. That) all) the) prepaid) expenses) for this) . Chipotle)has)rights)to)all)the)prepaid) .. They)are)properly)classified)and)disclosed) . recorded)correctly,)and)is)not)inflated.) . period)is)included)and)recognized.) ) . expenses.) in) the) financial) statement.)). All)the)investments) belong to)Chipotle.) . To) make sure) that) it) is) properly) recorded at) fair) value.). That)these)leasehold improvements)exist)and)are)not)overstated.) .. All)the) . transactions) from) this) period) are) included.) . Chipotle) has) the) right) to) use) the) leasehold) assets.) .. They) are) recorded) at) cost.) All) depreciation) accounts) should) be) recorded) using of) the) straight-line) method.) .. The) changes) in) estimated) useful) lives) and) any) other) significant) accounts) must) be) disclosed.).
Chipotle)has)ownership)of)their)long-term)investments.) . Ensure) that) they) are) correctly) recorded) at) fair) value.) .. Any) restrictions) should) be) disclosed.) .. This) account) is) mostly) restricted) cash) and) the ) correct)amount)to)be)determined.) .. That)all)the)other)assets)are)included)from)this)period.). Goodwill! That)the)amount)of)goodwill)that)exists)is)accurate)and)not)inflated.) .. That)the)entire)goodwill)from)this)period)is)included.). Chipotle)has)the)rights)to)the)entire)goodwill.)) .. Should)be)recorded)at)the)proper)amount.) Impairment)should)be)measured) . correct)to)excess)of)transfer)fair)market value.)) .. Should)disclose)any)impairment)to)goodwill.).
All) accounts payable should be). (correctly) registered) and) that) the) number) is correct at) the) end of the year). includes) everything). transaction)of)this)period.). obligation.)) the correct) fair) value.) properly classified) and) disclosed.) .. That) the) payroll) and) benefits) are) correctly recorded).) .. That) the) payroll ) and) benefits )total). includes (all) of these) periods). transactions.)... The) entire) accrued payroll and benefits is Chipotle's obligation. Determine that accrued payroll and benefits. measured) against the correct value.) . Make sure it is properly classified and made public. That all liabilities incurred are recorded correctly and are not understated. All) of the) liabilities incurred are Chipotle's obligation.) .. Ensure that the liabilities incurred are valued at the correct value. That)the)financing account)is in fact current and does not include long-term financing.) ..That (all)of) . current) financing) are) recorded) from) this) period.) .. The) entire) current) lessor) financing) is) considered Chipotle's obligation.) .. The) financing) must be) recorded) on) its) correct) value.) .. The) current) portion) of) the) financing of the lessor must be) made public) and) all) accounts) that affect it.).
Income) tax) that) must) be) classified) and) disclosed.) .. That) the) deferred) rent) is) the) correct) amount.) Should) not) be) underestimated.) .. That) the ) deferred) rent) from) this) period) is) included.) .. The) deferred) rent) is) part) of) your) obligation.) .. Ensure) that) the) deferred) rent) is) recorded ) to)its)value.). All)of)the)estimated)landlord)financing)is)part)of)Chipotle's)obligation.)) ..)The)financing)should)be)recorded)at)its)proper)value.) ..The)long-term )portion)of (the) landlord's) financing) must) be) disclosed.) .. That) the) income) tax) liability) is) correctly) recorded) and) is) not) understated). The)deferred)income)tax)liability)and)all)accounts)that)affect)it)should)be)disclosed.) .. That)any)liability)does)not)belong)to)another)account)is)correctly)recorded. )here)and)is)not)underrated.)).
Corporate(Tax(Rate
The%federal%statutory%rate%for%the%United States%is%35%percent,%however%the%rates%. in%every%other%country%tend%to%be%a%bit%lower%than%the%United States%.%%. Taxes%loans%are%economic%development%subsidies%that%lower%a%company. States%so%this%can%be%a%way%for%taxes%to%save%more%money.%They%can%move. Integrity%is%the%main%idea%they%are%working%of.%They%have%created%%Cultivation.
Responses
