BJs Restaurants Inc (BJRI)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 14,080 | 13,759 | 780 | -10,234 | -68,015 |
| Total assets | US$ in thousands | 1,041,060 | 1,058,450 | 1,045,920 | 1,035,170 | 1,059,420 |
| Operating ROA | 1.35% | 1.30% | 0.07% | -0.99% | -6.42% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $14,080K ÷ $1,041,060K
= 1.35%
Based on the data provided, BJs Restaurants Inc's operating return on assets (operating ROA) has shown improvement over the years. The company recorded a negative operating ROA of -6.42% as of December 31, 2020, which indicates that the company's operating income was insufficient to cover its total assets at that time. However, there was a positive shift in performance, with the operating ROA improving to -0.99% as of December 31, 2021.
The trend continued to improve further, reaching 0.07% as of December 31, 2022, and expanding to 1.30% as of December 31, 2023. This increase indicates that the company's operating income generated a profit relative to its total assets, demonstrating better operational efficiency and profitability.
As of December 31, 2024, BJs Restaurants Inc's operating ROA continued to strengthen, reaching 1.35%. This further improvement suggests that the company's operations are becoming more productive in generating earnings in relation to its asset base, reflecting positively on its financial performance and potential future growth prospects.
Peer comparison
Dec 31, 2024