BJs Restaurants Inc (BJRI)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,328,310 | 1,284,360 | 1,082,040 | 774,710 | 1,161,570 |
| Receivables | US$ in thousands | 19,469 | 28,593 | 29,055 | 23,630 | 22,197 |
| Receivables turnover | 68.23 | 44.92 | 37.24 | 32.79 | 52.33 |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $1,328,310K ÷ $19,469K
= 68.23
The receivables turnover of BJs Restaurants Inc has shown an increasing trend over the past five years, reaching 68.23 in 2023 from 52.33 in 2019. This indicates that the company is collecting its accounts receivable more efficiently each year. A higher receivables turnover ratio suggests that BJs Restaurants Inc is able to collect its outstanding receivables more quickly, which is beneficial for liquidity and cash flow management. The improvement in receivables turnover indicates effective credit management and collection policies, leading to a more robust financial position for the company.
Peer comparison
Dec 31, 2023