BJs Restaurants Inc (BJRI)

Number of days of payables

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Payables turnover		16.63	20.85	19.12	19.85	15.79	17.54	18.25	17.10	15.89	17.22	14.94	13.14	15.14	16.61	16.04	27.81	34.58	27.42	23.89	23.67
Number of days of payables	days	21.95	17.51	19.09	18.39	23.11	20.81	20.00	21.34	22.98	21.19	24.44	27.78	24.10	21.98	22.75	13.12	10.55	13.31	15.28	15.42

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 16.63
= 21.95

The number of days of payables for BJs Restaurants Inc has shown some fluctuations over the past few quarters. The trend indicates that the company takes approximately 18 to 23 days to pay its suppliers and vendors.

The average number of days of payables for BJs Restaurants Inc over the provided period is around 20 days. This means that, on average, the company takes about 20 days to pay its outstanding payables.

Analyzing the data, we can see that the number of days of payables decreased in the most recent quarter compared to the previous quarter, which may indicate more efficient management of payables. However, it is important to note that the number of days of payables can fluctuate due to various factors such as changes in payment terms with suppliers, seasonal variations, and overall business operations.

Overall, a lower number of days of payables suggests that the company is managing its cash flow effectively by paying its obligations promptly, while a higher number may indicate potential liquidity issues or extended credit terms with suppliers. It would be essential for BJs Restaurants Inc to monitor and manage its payables effectively to maintain a healthy balance between cash flow and supplier relationships.