BJs Restaurants Inc (BJRI)

Inventory 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
Cost of revenue (ttm) US$ in thousands 1,197,745 1,201,253 1,194,410 1,179,584 1,173,235 1,177,967 1,193,870 1,202,986 1,174,083 1,136,222 1,089,995 1,029,202 957,406 879,490 808,859 690,848 722,090 782,806 844,024 964,523
Inventory US$ in thousands 12,768 12,938 13,380 13,543 13,245 14,434 11,994 12,186 11,887 11,760 11,777 11,391 11,579 11,215 10,904 10,425 10,671 9,911 10,504 10,517
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

December 31, 2024 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $1,197,745K ÷ $12,768K
= 93.81

BJs Restaurants Inc's inventory turnover has been fluctuating over the past few years, but generally showing a positive trend. The inventory turnover ratio indicates how efficiently the company is managing its inventory by measuring the number of times inventory is sold and replaced during a specific period.

From March 31, 2020, to December 31, 2024, BJs Restaurants Inc's inventory turnover ranged from a low of 66.27 to a high of 99.54. The ratio peaked in June 30, 2023, at 99.54, indicating that the company efficiently turned over its inventory nearly 100 times during that period. However, there was a dip in the ratio in September 30, 2023, and a subsequent increase from December 31, 2023, onwards.

The company's inventory turnover reached its highest point in December 31, 2024, at 93.81, showing an improvement in managing inventory compared to the previous year. Overall, the trend suggests that BJs Restaurants Inc has been effectively managing its inventory turnover, with slight fluctuations from quarter to quarter. Efforts to optimize inventory levels and reduce excess stock may have contributed to the positive trend in the inventory turnover ratio.