BJs Restaurants Inc (BJRI)

Days of inventory on hand (DOH)

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Inventory turnover		93.81	92.85	89.27	87.10	88.58	81.61	99.54	98.72	98.77	96.62	92.55	90.35	82.68	78.42	74.18	66.27	67.67	78.98	80.35	91.71
DOH	days	3.89	3.93	4.09	4.19	4.12	4.47	3.67	3.70	3.70	3.78	3.94	4.04	4.41	4.65	4.92	5.51	5.39	4.62	4.54	3.98

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 93.81
= 3.89

The days of inventory on hand (DOH) for BJs Restaurants Inc has shown some fluctuations over the past few years. The trend indicates a generally decreasing pattern from March 2020 to December 2024, dropping from 3.98 days to 3.89 days. This suggests an improvement in inventory management efficiency, as the company has been able to reduce the number of days it takes to sell its inventory.

However, it is important to note that there were some temporary increases in DOH during certain quarters, such as in March 2021, September 2023, and March 2024. These increases could indicate potential challenges in managing inventory levels efficiently during those periods.

Overall, the decreasing trend in DOH reflects positively on the company's ability to manage its inventory effectively, which is crucial for maintaining optimal cash flow and profitability. It seems that BJs Restaurants Inc has been successful in improving its inventory turnover rate over the analyzed period.