BJs Restaurants Inc (BJRI)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	19,660	4,076	-3,606	-57,885	45,238
Revenue	US$ in thousands	1,328,310	1,284,360	1,082,040	774,710	1,161,570
Net profit margin		1.48%	0.32%	-0.33%	-7.47%	3.89%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $19,660K ÷ $1,328,310K
= 1.48%

The net profit margin of BJs Restaurants Inc has shown varying trends over the past five years. In 2019, the company exhibited a healthy net profit margin of 3.89%, indicating that for every dollar of revenue generated, the company retained $0.0389 as profit. However, in 2020 there was a significant decline in the net profit margin to -7.47%, indicating that the company experienced a loss during that period.

Subsequently, in 2021 the net profit margin improved slightly to -0.33%, but still remained in the negative territory, suggesting that the company was not able to effectively convert its revenue into profit. In 2022, there was a marginal increase in the net profit margin to 0.32%, which may indicate some improvement in the company's profitability.

Finally, in 2023, there was a further improvement in the net profit margin to 1.48%, reflecting positively on the company's ability to generate profit relative to its revenue. Overall, the fluctuating net profit margins over the five-year period indicate that BJ's Restaurants Inc has faced challenges in maintaining consistent profitability, but recent improvements suggest a potential turnaround in its financial performance.