BJs Restaurants Inc (BJRI)

Fixed asset turnover

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Revenue US$ in thousands 1,357,300 1,333,230 1,283,930 1,087,040 778,510
Property, plant and equipment US$ in thousands 875,900 871,355 910,398
Fixed asset turnover 1.47 1.25 0.86

December 31, 2024 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,357,300K ÷ $—K
= —

The fixed asset turnover ratio for BJs Restaurants Inc has shown a positive trend over the past few years. In December 31, 2020, the ratio stood at 0.86, indicating that the company generated $0.86 in revenue for every dollar invested in fixed assets. By December 31, 2021, the ratio had improved to 1.25, suggesting more efficient utilization of fixed assets to generate revenue.

Further progress was seen by December 31, 2022, with the fixed asset turnover ratio reaching 1.47, signifying an even higher level of revenue generated per dollar of fixed assets. The ratios for December 31, 2023 and December 31, 2024 are not available, making it difficult to track the exact trajectory of the ratio.

Overall, the upward trend in the fixed asset turnover ratio indicates that BJs Restaurants Inc has been improving its efficiency in utilizing fixed assets to generate revenue, which is a positive sign for the company's financial performance.