BJs Restaurants Inc (BJRI)

Operating return on assets (Operating ROA)

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Operating income (ttm)	US$ in thousands	13,759	14,680	11,896	4,829	-5,480	-17,727	-19,514	-15,985	-16,507	-28,812	-34,534	-86,941	-86,431	-49,809	-33,859	27,629	49,119	46,997	51,617	54,982
Total assets	US$ in thousands	1,058,450	1,037,140	1,041,260	1,044,170	1,045,920	1,017,550	1,031,120	1,020,060	1,035,170	1,041,160	1,069,100	1,085,730	1,059,420	1,066,750	1,102,730	1,113,030	1,072,080	1,058,200	1,055,520	1,058,250
Operating ROA		1.30%	1.42%	1.14%	0.46%	-0.52%	-1.74%	-1.89%	-1.57%	-1.59%	-2.77%	-3.23%	-8.01%	-8.16%	-4.67%	-3.07%	2.48%	4.58%	4.44%	4.89%	5.20%

December 31, 2023 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $13,759K ÷ $1,058,450K
= 1.30%

Operating return on assets (Operating ROA) is a key financial metric that indicates a company's efficiency in generating operating profits from its assets. BJs Restaurants Inc's Operating ROA has shown fluctuations over the past few quarters.

The Operating ROA was consistently negative from March 2020 to June 2022, indicating that the company was not effectively using its assets to generate operating profits during that period. However, there has been a gradual improvement since September 2022, with positive Operating ROA figures recorded in the most recent quarters.

The positive trend in Operating ROA from December 2022 to December 2023 suggests that BJs Restaurants Inc has been able to enhance its operational efficiency and profitability relative to its asset base. This improvement may be attributed to strategic operational changes or cost-saving measures implemented by the company.

It is important for investors and stakeholders to continue monitoring BJs Restaurants Inc's Operating ROA to assess the company's ongoing operational performance and efficiency in utilizing its assets to generate profits.