BJs Restaurants Inc (BJRI)
Activity ratios
Short-term
Turnover ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Inventory turnover | 27.46 | 87.24 | 95.83 | 82.68 | 67.67 |
| Receivables turnover | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
| Working capital turnover | — | — | — | — | — |
Based on the provided data, let's analyze the activity ratios of BJs Restaurants Inc:
1. Inventory Turnover:
- The inventory turnover ratio measures how efficiently a company manages its inventory. BJs Restaurants Inc's inventory turnover has been increasing over the years from 67.67 in 2020 to 95.83 in 2022, indicating that the company is selling its inventory at a faster rate.
- However, there was a significant drop in inventory turnover to 27.46 in 2024, which may suggest potential issues with inventory management or a slowdown in sales.
2. Receivables Turnover:
- Receivables turnover ratio reflects how quickly a company collects its accounts receivables. The data shows that BJs Restaurants Inc did not provide figures for receivables turnover, which makes it difficult to assess the efficiency of the company in collecting receivables.
3. Payables Turnover:
- Payables turnover ratio indicates how quickly a company pays its suppliers. Similar to receivables turnover, BJs Restaurants Inc did not provide figures for payables turnover, making it challenging to evaluate the company's payables management efficiency.
4. Working Capital Turnover:
- Working capital turnover ratio measures how effectively a company utilizes its working capital to generate sales revenue. The absence of data for this ratio for BJs Restaurants Inc for all years suggests a lack of information on the company's working capital management efficiency.
In summary, based on the available data, it appears that BJs Restaurants Inc has shown strong inventory turnover performance but lacks information on receivables turnover, payables turnover, and working capital turnover. It would be beneficial for the company to provide more comprehensive financial data to enable a more thorough analysis of its activity ratios.
Average number of days
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 13.29 | 4.18 | 3.81 | 4.41 | 5.39 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — |
Based on the provided data, we can analyze BJs Restaurants Inc's activity ratios as follows:
1. Days of Inventory on Hand (DOH):
- The trend in days of inventory on hand indicates the number of days the company holds its inventory before it is sold. A decreasing trend in this ratio from 5.39 days in 2020 to 4.18 days in 2023 suggests an improvement in inventory management efficiency. However, there is a significant spike to 13.29 days in 2024, which may imply potential issues such as overstocking or slowing sales.
2. Days of Sales Outstanding (DSO):
- The absence of data for days of sales outstanding (DSO) indicates that specific information related to sales collection efficiency is not available. Typically, a lower DSO is favorable as it signifies quicker cash collection from customers, enhancing liquidity.
3. Number of Days of Payables:
- Similar to DSO, the lack of data for the number of days of payables implies a lack of information on the company's payment terms with suppliers. This ratio measures how long it takes for the company to pay its suppliers; longer payables could indicate favorable financing terms.
Overall, while the decreasing trend in days of inventory on hand is positive for inventory management, the spike in 2024 should be investigated to understand the factors behind it. Further information on DSO and payables would provide a more comprehensive view of BJs Restaurants Inc's operating efficiency and financial health.
Long-term
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Fixed asset turnover | — | — | 1.47 | 1.25 | 0.86 |
| Total asset turnover | 1.30 | 1.26 | 1.23 | 1.05 | 0.73 |
The fixed asset turnover ratio for BJs Restaurants Inc has shown a significant improvement over the years, increasing from 0.86 in 2020 to 1.25 in 2021 and further to 1.47 in 2022. This indicates that the company is generating more sales revenue relative to its investment in fixed assets, which is a positive sign of operational efficiency.
On the other hand, the total asset turnover ratio has also been on an upward trend, starting at 0.73 in 2020 and gradually increasing to 1.05 in 2021, 1.23 in 2022, 1.26 in 2023, and finally reaching 1.30 in 2024. This suggests that BJs Restaurants Inc is utilizing its total assets more effectively to generate sales, reflecting improved efficiency in asset management.
Overall, both the fixed asset turnover and total asset turnover ratios have been improving consistently, indicating that BJs Restaurants Inc has been effectively utilizing its assets to drive sales growth and maximize shareholder value.