BJs Restaurants Inc (BJRI)

Days of sales outstanding (DSO)

		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
Receivables turnover		68.28	73.63	40.70	66.88	44.92	61.81	52.52	48.04	37.24	40.47	36.18	31.27	32.81	62.26	61.26	83.24	52.32	72.40	64.49	73.12
DSO	days	5.35	4.96	8.97	5.46	8.13	5.91	6.95	7.60	9.80	9.02	10.09	11.67	11.12	5.86	5.96	4.38	6.98	5.04	5.66	4.99

December 31, 2023 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ 68.28
= 5.35

Based on the data provided for BJs Restaurants Inc, the Days of Sales Outstanding (DSO) fluctuated over the periods analyzed. DSO is a measure of how efficiently a company manages its accounts receivable. A lower DSO indicates that the company collects payments from its customers more quickly.

Analyzing the trend, we observe that the DSO varied between 4.38 and 11.67 days over the past 5 years. The highest DSO of 11.67 days was reported in March 2021, indicating that it took the company longer to collect payments from customers during that period. Conversely, the lowest DSO of 4.38 days was recorded in March 2020, showing an efficient accounts receivable management during that quarter.

Overall, the company demonstrated some inconsistency in managing its accounts receivable efficiently, as seen in the fluctuations in DSO. It would be advisable for the company to focus on improving its collection processes during periods of higher DSO to enhance liquidity and working capital efficiency.