BJs Restaurants Inc (BJRI)
Total asset turnover
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,357,302 | 1,336,598 | 1,329,540 | 1,329,283 | 1,333,229 | 1,353,746 | 1,346,450 | 1,326,477 | 1,283,926 | 1,231,042 | 1,201,874 | 1,162,460 | 1,087,038 | 992,774 | 909,481 | 747,222 | 778,510 | 872,573 | 952,425 | 1,125,491 |
| Total assets | US$ in thousands | 1,041,060 | 1,041,780 | 1,044,140 | 1,044,920 | 1,222,630 | 1,037,140 | 1,041,260 | 1,044,170 | 1,045,920 | 1,017,550 | 1,031,120 | 1,020,060 | 1,035,170 | 1,041,160 | 1,069,100 | 1,086,200 | 1,059,420 | 1,066,750 | 1,098,870 | 1,113,030 |
| Total asset turnover | 1.30 | 1.28 | 1.27 | 1.27 | 1.09 | 1.31 | 1.29 | 1.27 | 1.23 | 1.21 | 1.17 | 1.14 | 1.05 | 0.95 | 0.85 | 0.69 | 0.73 | 0.82 | 0.87 | 1.01 |
December 31, 2024 calculation
Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,357,302K ÷ $1,041,060K
= 1.30
Total asset turnover is a financial ratio that measures a company's ability to generate revenue from its assets. It indicates how efficiently a company is using its assets to generate sales.
The total asset turnover of BJs Restaurants Inc has shown some fluctuations over the periods provided. From March 31, 2020, to December 31, 2020, the total asset turnover decreased from 1.01 to 0.73, indicating a decrease in the company's efficiency in generating sales from its assets. This could be a concerning trend as it suggests the company may not be effectively utilizing its assets to drive revenue during this period.
However, starting from March 31, 2021, the total asset turnover began an upward trend, reaching 1.31 by September 30, 2023. This indicates an improvement in the company's efficiency in utilizing its assets to generate sales. The ratio stabilizes around 1.27 from March 31, 2024, to June 30, 2024, which suggests a consistent level of asset turnover efficiency during this period.
Overall, the increasing trend in total asset turnover from 2021 to 2023 reflects positively on BJs Restaurants Inc's ability to generate sales from its assets efficiently. It shows that the company has been more effective in utilizing its assets to drive revenue, which is a key indicator of operational efficiency and financial health. However, periodic fluctuations in the ratio should be further analyzed to understand the underlying reasons for the changes.
Peer comparison
Dec 31, 2024