BJs Restaurants Inc (BJRI)
Cash conversion cycle
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 3.89 | 3.93 | 4.09 | 4.19 | 4.12 | 4.47 | 3.67 | 3.70 | 3.70 | 3.78 | 3.94 | 4.04 | 4.41 | 4.65 | 4.92 | 5.51 | 5.39 | 4.62 | 4.54 | 3.98 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Cash conversion cycle | days | 3.89 | 3.93 | 4.09 | 4.19 | 4.12 | 4.47 | 3.67 | 3.70 | 3.70 | 3.78 | 3.94 | 4.04 | 4.41 | 4.65 | 4.92 | 5.51 | 5.39 | 4.62 | 4.54 | 3.98 |
December 31, 2024 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= 3.89 + — – —
= 3.89
The cash conversion cycle of BJs Restaurants Inc has shown a fluctuating trend over the periods provided. The cash conversion cycle measures the time it takes for a company to convert its resources into cash flow. A shorter cycle indicates efficient management of working capital.
From March 31, 2020, to December 31, 2024, the cash conversion cycle decreased initially from 3.98 days to a low of 3.67 days by June 30, 2023, reflecting improved efficiency in the conversion of resources to cash. However, the cycle slightly increased in the following periods but remained relatively stable around 3.70 to 4.19 days. Notably, the company managed to maintain the cycle below 4 days for most periods, indicating a strong working capital management strategy.
Overall, the trend in BJs Restaurants Inc's cash conversion cycle shows a general stability with minor fluctuations, suggesting a consistent level of efficiency in managing the company's working capital and cash flow operations over the analyzed time frame.
Peer comparison
Dec 31, 2024