BJs Restaurants Inc (BJRI)
Operating return on assets (Operating ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 17,682 | 29,417 | 29,638 | 24,401 | 19,531 | 18,734 | 16,811 | 11,227 | -1,459 | -15,614 | -18,262 | -16,216 | -16,507 | -28,812 | -34,534 | -86,941 | -86,431 | -49,809 | -33,859 | 27,629 |
| Total assets | US$ in thousands | 1,041,060 | 1,041,780 | 1,044,140 | 1,044,920 | 1,222,630 | 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 | 1,086,200 | 1,059,420 | 1,066,750 | 1,098,870 | 1,113,030 |
| Operating ROA | 1.70% | 2.82% | 2.84% | 2.34% | 1.60% | 1.81% | 1.61% | 1.08% | -0.14% | -1.53% | -1.77% | -1.59% | -1.59% | -2.77% | -3.23% | -8.00% | -8.16% | -4.67% | -3.08% | 2.48% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $17,682K ÷ $1,041,060K
= 1.70%
Operating return on assets (Operating ROA) is a key financial metric that measures a company's ability to generate profit from its operations relative to its total assets.
Based on the provided data for BJ's Restaurants Inc, we observe the following trend in the Operating ROA over the periods from March 31, 2020, to December 31, 2024:
- The Operating ROA fluctuated during the period, starting at a relatively low positive level of 2.48% in March 31, 2020.
- It then turned negative from June 30, 2020, until December 31, 2020, indicating that the company was not effectively generating profits from its operations compared to its asset base.
- The negative trend continued throughout the first half of 2021 but showed a slight improvement by March 31, 2023, with a positive Operating ROA of 1.08%.
- The metric continued to show an upward trend until June 30, 2024, peaking at a higher level of 2.84%.
- There was a slight decrease in the Operating ROA by the end of December 31, 2024, to 1.70%.
Overall, the Operating ROA for BJ's Restaurants Inc demonstrated volatility and exhibited improvements over the period, suggesting varying levels of operational efficiency and profitability relative to the company's asset base. The positive trend observed from mid-2023 to mid-2024 indicates enhanced operational performance and asset utilization, which could be indicative of better financial health for the company during that period.
Peer comparison
Dec 31, 2024