BJs Restaurants Inc (BJRI)
Liquidity ratios
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current ratio | 0.41 | 0.35 | 0.35 | 0.35 | 0.42 | 0.07 | 0.03 | 0.41 | 0.42 | 0.33 | 0.43 | 0.40 | 0.45 | 0.58 | 0.45 | 0.74 | 0.54 | 0.57 | 0.73 | 0.81 |
| Quick ratio | 0.13 | 0.10 | 0.09 | 0.10 | 0.15 | 0.07 | 0.03 | 0.15 | 0.13 | 0.10 | 0.20 | 0.15 | 0.19 | 0.34 | 0.45 | 0.50 | 0.30 | 0.40 | 0.53 | 0.58 |
| Cash ratio | 0.13 | 0.10 | 0.09 | 0.10 | 0.15 | 0.07 | 0.03 | 0.15 | 0.13 | 0.10 | 0.20 | 0.15 | 0.19 | 0.34 | 0.45 | 0.50 | 0.30 | 0.40 | 0.53 | 0.58 |
The liquidity ratios of BJs Restaurants Inc have shown some fluctuations over the years. The current ratio, which measures the company's ability to cover its short-term obligations with its current assets, has generally been declining since December 31, 2020. This indicates a potential strain on the company's liquidity position and ability to meet its short-term liabilities.
The quick ratio, also known as the acid-test ratio, provides a more stringent measure of liquidity by excluding inventory from current assets. BJs Restaurants Inc's quick ratio has followed a similar downward trend, reflecting a decrease in the company's ability to meet its short-term obligations without relying on inventory.
The cash ratio, which is the most conservative liquidity ratio as it only considers cash and cash equivalents, shows a consistent decline in BJs Restaurants Inc's cash holding capacity over the years. This suggests a potential vulnerability in the company's ability to cover its immediate liabilities with its available cash resources.
Overall, these liquidity ratios indicate that BJs Restaurants Inc may be facing challenges in maintaining a strong liquidity position, which could impact its financial stability and ability to meet its short-term financial commitments. Additional measures may be necessary to improve the company's liquidity management and ensure its financial health in the future.
Additional liquidity measure
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
The cash conversion cycle of BJs Restaurants Inc has shown fluctuations over the periods analyzed. The cycle measures the time it takes for the company to convert its investments in inventory into cash receipts from customers. A shorter cash conversion cycle is generally seen as more favorable as it indicates efficient management of working capital.
From March 31, 2020, to December 31, 2024, the cash conversion cycle of BJs Restaurants Inc ranged from a low of 3.67 days to a high of 5.51 days. Overall, there is a downward trend in the cash conversion cycle over the period, with fluctuations occurring in between. The company managed to reduce its cash conversion cycle by efficiently managing its inventory, accounts receivable, and accounts payable.
In the most recent quarter, the cash conversion cycle stood at 3.89 days, indicating that BJs Restaurants Inc is efficiently managing its working capital and operating more effectively in terms of liquidity and cash flow. Continued monitoring of the cash conversion cycle will be essential for assessing the company's operational efficiency and financial health.