BJs Restaurants Inc (BJRI)
Total asset 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 |
| Total assets | US$ in thousands | 1,058,450 | 1,045,920 | 1,035,170 | 1,059,420 | 1,072,080 |
| Total asset turnover | 1.25 | 1.23 | 1.05 | 0.73 | 1.08 |
December 31, 2023 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,328,310K ÷ $1,058,450K
= 1.25
Based on the data provided, BJs Restaurants Inc's total asset turnover has shown some fluctuations over the past five years. The total asset turnover ratio measures the efficiency with which the company generates sales revenue relative to its total assets.
In 2023, the total asset turnover ratio stands at 1.25, indicating that for every dollar of total assets, the company generated $1.25 in sales. This represents an improvement compared to the previous year, where the ratio was 1.23. The increase suggests that BJs Restaurants Inc has been able to utilize its assets more efficiently to generate revenue.
Looking back at 2021 and 2020, the total asset turnover ratios were 1.05 and 0.73 respectively. These lower ratios indicate that the company was less efficient in generating sales revenue relative to its total assets during those years.
In 2019, the total asset turnover ratio was 1.08, which is closer to the 2023 ratio. This suggests that the company had a relatively efficient performance in utilizing its assets to generate sales revenue that year.
Overall, the trend in BJs Restaurants Inc's total asset turnover indicates some variability in asset utilization efficiency over the past five years, with an improvement in 2023 compared to the preceding years.
Peer comparison
Dec 31, 2023