BJs Restaurants Inc (BJRI)
Number of days of payables
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Payables turnover | 15.66 | 15.79 | 15.89 | 15.46 | 34.58 | |
| Number of days of payables | days | 23.31 | 23.11 | 22.98 | 23.61 | 10.55 |
December 31, 2023 calculation
Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 15.66
= 23.31
Based on the data provided, BJs Restaurants Inc has managed its payables effectively over the last five years. The number of days of payables has been relatively stable, ranging from 22.98 to 23.61 days, indicating consistent management of the company's accounts payable.
The increase in the number of days of payables from 2019 to 2020 may suggest a shift in the company's payment terms or strategy during that period. However, the subsequent stability in the number of days of payables from 2020 to 2023 indicates that BJs Restaurants Inc has been able to maintain a balanced approach in managing its payables over the years.
Overall, the consistent number of days of payables demonstrates the company's ability to effectively manage its accounts payable obligations without causing strains on its cash flow or supplier relationships.
Peer comparison
Dec 31, 2023