BJs Restaurants Inc (BJRI)
Total asset turnover
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 1,357,300 | 1,333,230 | 1,283,930 | 1,087,040 | 778,510 |
| Total assets | US$ in thousands | 1,041,060 | 1,058,450 | 1,045,920 | 1,035,170 | 1,059,420 |
| Total asset turnover | 1.30 | 1.26 | 1.23 | 1.05 | 0.73 |
December 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,357,300K ÷ $1,041,060K
= 1.30
The total asset turnover of BJs Restaurants Inc has shown a positive trend over the past five years, increasing from 0.73 in December 31, 2020, to 1.30 in December 31, 2024. This indicates that the company has become more efficient in generating revenue from its total assets. The steady improvement in total asset turnover reflects management's effective utilization of the company's assets to drive revenue growth. A higher total asset turnover ratio is generally considered favorable, as it suggests that the company is able to generate more sales relative to its total assets. The consistent increase in this ratio over the years demonstrates BJs Restaurants Inc's ability to optimize its asset utilization and operate efficiently.
Peer comparison
Dec 31, 2024