BJs Restaurants Inc (BJRI)

Receivables turnover

		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
Revenue (ttm)	US$ in thousands	1,329,435	1,353,770	1,346,842	1,327,541	1,284,356	1,228,368	1,198,798	1,158,226	1,082,036	988,731	906,786	744,179	775,398	869,461	949,012	1,124,020	1,161,450	1,150,906	1,142,435	1,128,979
Receivables	US$ in thousands	19,469	18,385	33,091	19,849	28,593	19,874	22,827	24,108	29,055	24,433	25,062	23,802	23,630	13,964	15,492	13,503	22,197	15,896	17,714	15,440
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

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,329,435K ÷ $19,469K
= 68.28

The receivables turnover ratio for BJs Restaurants Inc has fluctuated over the past few quarters, indicating variations in how efficiently the company collects payments from its customers. The ratio peaked at 83.24 in March 2020, suggesting that receivables were being collected at a rapid pace during that quarter. However, the ratio has shown some volatility since then, with some quarters showing lower turnover rates.

Overall, the average receivables turnover ratio over the periods analyzed appears to be relatively high, indicating that BJs Restaurants Inc has generally been effective in converting its accounts receivable into cash. However, the fluctuating nature of the ratio suggests that there may be room for improvement in managing and collecting receivables more consistently in order to maintain a steady cash flow.

It is important for the company to continue monitoring and analyzing its receivables turnover performance to ensure that it remains efficient in managing its accounts receivable and maintaining a healthy liquidity position.