BJs Restaurants Inc (BJRI)

Fixed asset turnover

		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
Revenue (ttm)	US$ in thousands	1,357,302	1,336,598	1,329,540	1,329,283	1,333,229	1,353,746	1,346,450	1,326,477	1,283,926	1,231,042	1,201,874	1,162,460	1,087,038	992,774	909,481	747,222	778,510	872,573	952,425	1,125,491
Property, plant and equipment	US$ in thousands	—	—	—	—	—	—	522,610	510,857	875,900	873,248	873,248	869,753	—	871,355	872,483	876,561	893,100	910,398	547,592	560,951
Fixed asset turnover		—	—	—	—	—	—	2.58	2.60	1.47	1.41	1.38	1.34	—	1.14	1.04	0.85	0.87	0.96	1.74	2.01

December 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,357,302K ÷ $—K
= —

The fixed asset turnover ratio of BJs Restaurants Inc has varied over the years.

From March 31, 2020 to September 30, 2021, the fixed asset turnover fluctuated between 0.85 and 1.74, indicating that the company was generating revenue efficiently from its fixed assets during this period.

However, there was a noticeable decline in the fixed asset turnover from December 31, 2021 to June 30, 2022, where it dropped to 0.87 before gradually increasing to 1.47 by December 31, 2022.

A significant improvement was observed in the fixed asset turnover ratio from March 31, 2023 to June 30, 2023, as it surged to 2.60, signifying that the company was generating a higher level of revenue relative to its investment in fixed assets.

It is worth noting that there are missing data points in the latter part of 2023 and throughout 2024, which may indicate a lack of financial reporting or other factors that could affect the interpretation of the trend.

Overall, the fixed asset turnover ratio of BJs Restaurants Inc has exhibited variability, with both highs and lows, suggesting fluctuations in the efficiency of generating sales from its fixed assets. Further analysis would be required to understand the underlying reasons for these fluctuations and their impact on the company's operational performance.