BJs Restaurants Inc (BJRI)
Days of inventory on hand (DOH)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Inventory turnover | 71.69 | 79.13 | 67.01 | 54.72 | 72.96 | |
| DOH | days | 5.09 | 4.61 | 5.45 | 6.67 | 5.00 |
December 31, 2023 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 71.69
= 5.09
The days of inventory on hand (DOH) for BJs Restaurants Inc have shown fluctuation over the past five years. In 2023, the DOH increased to 5.09 days from 4.61 days in 2022. This indicates that BJs Restaurants Inc took slightly longer to sell its inventory in 2023 compared to the previous year. However, the DOH in 2023 was still lower than in 2021, when it was 5.45 days.
The trend of DOH shows a slight improvement from 2020, when it stood at 6.67 days, reflecting more efficient inventory management in recent years. In 2019, the DOH was 5.00 days, which was lower than in 2023. Overall, while there was a slight increase in DOH in 2023, the company has generally been able to maintain a relatively low DOH, indicating efficient inventory turnover.
Peer comparison
Dec 31, 2023