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.