BJs Restaurants Inc (BJRI)

Pretax margin

		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
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	10,100	11,658	9,302	2,098	-8,308	-19,340	-21,140	-18,590	-19,182	-33,438	-37,290	-88,376	-89,950	-52,875	-39,243	21,601	46,294	43,083	47,933	50,923
Revenue (ttm)	US$ in thousands	1,329,435	1,353,770	1,346,842	1,327,541	1,284,356	1,228,368	1,198,798	1,158,226	1,082,036	988,731	906,786	744,179	775,398	869,461	949,012	1,124,020	1,161,450	1,150,906	1,142,435	1,128,979
Pretax margin		0.76%	0.86%	0.69%	0.16%	-0.65%	-1.57%	-1.76%	-1.61%	-1.77%	-3.38%	-4.11%	-11.88%	-11.60%	-6.08%	-4.14%	1.92%	3.99%	3.74%	4.20%	4.51%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $10,100K ÷ $1,329,435K
= 0.76%

Over the historical period provided, BJs Restaurants Inc's pretax margin has fluctuated significantly. The pretax margin ranged from negative figures around -11.88% in the first quarter of 2021 to positive figures of around 4.51% in the third quarter of 2019.

In more recent periods, specifically in 2023, the pretax margin has shown some improvement, with figures ranging from 0.16% to 0.86%. This could indicate an increase in the company's ability to generate profits before taxes relative to its revenues.

However, it is important to note that the pretax margin has not consistently been positive, as there are still periods where the margin remained negative, such as in the fourth quarter of 2022.

Overall, BJs Restaurants Inc's pretax margin exhibits variability, and it would be important to closely monitor future performance to assess the company's profitability and efficiency in managing its expenses.