BJs Restaurants Inc (BJRI)

Days of inventory on hand (DOH)

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Inventory turnover		76.12	71.28	85.80	83.90	79.13	76.21	74.18	73.67	67.01	62.89	59.14	52.32	53.60	64.32	65.70	75.49	72.96	76.37	74.70	73.02
DOH	days	4.80	5.12	4.25	4.35	4.61	4.79	4.92	4.95	5.45	5.80	6.17	6.98	6.81	5.67	5.56	4.84	5.00	4.78	4.89	5.00

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 76.12
= 4.80

The days of inventory on hand (DOH) for BJs Restaurants Inc fluctuated over the past five years, ranging from a low of 4.25 days to a high of 6.98 days. In recent periods, the trend has been generally decreasing, indicating that the company has been managing its inventory more efficiently. Lower DOH values suggest that BJs Restaurants Inc is selling its inventory faster and potentially improving cash flow by reducing the amount of capital tied up in inventory. However, comparisons with industry benchmarks or historical averages would provide more context to assess the company's inventory management performance accurately.