BJs Restaurants Inc (BJRI)

Inventory turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cost of revenue	US$ in thousands	350,560	1,155,440	1,139,160	957,406	722,090
Inventory	US$ in thousands	12,768	13,245	11,887	11,579	10,671
Inventory turnover		27.46	87.24	95.83	82.68	67.67

December 31, 2024 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $350,560K ÷ $12,768K
= 27.46

The inventory turnover ratio for BJs Restaurants Inc has demonstrated a positive trend over the past five years, indicating an improvement in the efficiency of managing inventory. The ratio increased from 67.67 in December 31, 2020, to 82.68 in December 31, 2021, and further to 95.83 in December 31, 2022. However, there was a slight decline in efficiency in managing inventory with a ratio of 87.24 in December 31, 2023. The most significant decrease was observed in December 31, 2024, with a ratio of 27.46, signaling a potential issue in inventory management that may require further investigation. Overall, the company has shown effective inventory turnover during the period under review, contributing to enhanced liquidity and profitability.