BJs Restaurants Inc (BJRI)

Activity ratios

Short-term

Turnover ratios

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
Inventory turnover 76.12 71.28 85.80 83.90 79.13 76.21 74.18 73.67 67.01 62.89 59.14 52.32 53.60 64.32 65.70 75.49 72.96 76.37 74.70 73.02
Receivables turnover 68.28 73.63 40.70 66.88 44.92 61.81 52.52 48.04 37.24 40.47 36.18 31.27 32.81 62.26 61.26 83.24 52.32 72.40 64.49 73.12
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
Working capital turnover — — — — — — — — — — — — — — — — — — — —

Based on the provided data for BJs Restaurants Inc, the activity ratios can be analyzed as follows:

1. Inventory Turnover: BJs Restaurants Inc shows a consistently high inventory turnover ratio, ranging from 52.32 to 85.80 over the past five years. This indicates that the company efficiently manages its inventory and sells its products quickly. A higher inventory turnover ratio is generally favorable as it signifies effective inventory control and reduced risk of obsolescence.

2. Receivables Turnover: BJs Restaurants Inc has varying receivables turnover ratios, fluctuating between 31.27 and 83.24 during the same timeframe. The company's ability to collect receivables efficiently has shown some volatility, with significant improvements and dips. A higher receivables turnover ratio is preferred as it suggests that the company is efficient in collecting payments from customers.

3. Payables Turnover: The payables turnover for BJs Restaurants Inc has ranged from 13.14 to 34.58 over the past five years, indicating that the company manages its payables effectively. A higher payables turnover ratio signifies that the company is paying its suppliers quickly, which can be beneficial in maintaining good relationships with vendors.

4. Working Capital Turnover: Unfortunately, there is no data available for the working capital turnover ratio. This ratio measures how efficiently a company is using its working capital to generate sales. The absence of data makes it challenging to assess the company's performance in this aspect.

In conclusion, BJs Restaurants Inc demonstrates efficient management of inventory and payables, with some fluctuations in receivables turnover. Analyzing these activity ratios provides insight into the company's operational efficiency and financial health over time.

Average number of days

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
Days of inventory on hand (DOH) days 4.80 5.12 4.25 4.35 4.61 4.79 4.92 4.95 5.45 5.80 6.17 6.98 6.81 5.67 5.56 4.84 5.00 4.78 4.89 5.00
Days of sales outstanding (DSO) days 5.35 4.96 8.97 5.46 8.13 5.91 6.95 7.60 9.80 9.02 10.09 11.67 11.12 5.86 5.96 4.38 6.98 5.04 5.66 4.99
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

The days of inventory on hand (DOH) for BJs Restaurants Inc have shown a fluctuating trend over the past five years, ranging from a low of 4.25 days to a high of 6.98 days. The average DOH during the period was around 5.41 days, indicating that the company manages its inventory efficiently, with inventory typically turning over every 5-6 days.

In contrast, the days of sales outstanding (DSO) have been more variable, ranging from a low of 4.38 days to a high of 11.67 days. The average DSO during the period was approximately 7.05 days, suggesting that the company takes around a week to collect its receivables on average.

The number of days of payables has also exhibited some variability, with a range of 10.55 days to 27.78 days. The average number of days of payables over the period was about 20.32 days, implying that the company takes an average of 3 weeks to pay its suppliers.

Overall, the activity ratios indicate that BJs Restaurants Inc generally manages its inventory effectively and collects its receivables within a reasonable timeframe. Additionally, the company is consistent in its payment practices to suppliers.

Long-term

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
Fixed asset turnover 2.53 2.57 2.58 2.60 2.53 2.43 2.40 2.32 2.14 1.97 1.78 1.43 1.45 1.59 1.69 1.94 1.99 1.95 1.96 1.94
Total asset turnover 1.26 1.31 1.29 1.27 1.23 1.21 1.16 1.14 1.05 0.95 0.85 0.69 0.73 0.82 0.86 1.01 1.08 1.09 1.08 1.07

The fixed asset turnover ratio for BJs Restaurants Inc has been relatively stable over the past five quarters, ranging between 2.32 and 2.60. This indicates that the company is generating sales efficiently from its fixed assets. The slight increase in the ratio from 2.32 in Q1 2022 to 2.60 in Q1 2023 suggests that BJs Restaurants is utilizing its fixed assets more effectively to generate revenue.

On the other hand, the total asset turnover ratio shows a similar pattern of stability, although at a lower level compared to the fixed asset turnover ratio. The total asset turnover ratio for BJs Restaurants ranged between 0.85 and 1.31 over the same period. This indicates that the company has been generating sales relative to its total assets at a consistent pace.

Overall, the consistent performance of both the fixed asset turnover and total asset turnover ratios suggests that BJs Restaurants Inc is effectively utilizing its assets to generate revenue. However, the company may focus on improving the total asset turnover ratio to enhance overall asset utilization efficiency in the long term.