BJs Restaurants Inc (BJRI)

Operating profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	13,759	-5,480	-16,507	-86,431	49,119
Revenue	US$ in thousands	1,328,310	1,284,360	1,082,040	774,710	1,161,570
Operating profit margin		1.04%	-0.43%	-1.53%	-11.16%	4.23%

December 31, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $13,759K ÷ $1,328,310K
= 1.04%

The operating profit margin of BJs Restaurants Inc has fluctuated over the past five years, indicating varying levels of operational efficiency and profitability. In 2023, the operating profit margin improved to 1.04%, suggesting that the company was able to generate higher profits relative to its operating expenses. However, in 2022 and 2021, the operating profit margin was negative at -0.43% and -1.53% respectively, indicating that the company's operating expenses exceeded its operating income during those years.

The significant drop in operating profit margin in 2020, to -11.16%, suggests that the company faced challenges in controlling its costs and generating profits from its core operations. This could be attributed to external factors such as the impact of the COVID-19 pandemic on the restaurant industry.

In contrast, the operating profit margin was relatively healthy in 2019 at 4.23%, indicating strong operational performance and efficient cost management during that period.

Overall, the trend in BJs Restaurants Inc's operating profit margin reflects a mix of positive and challenging years, underscoring the importance of closely monitoring and managing operating expenses to sustain and improve profitability.