BJs Restaurants Inc (BJRI)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 24.16% | 24.00% | 23.59% | 22.99% | 26.77% | 27.04% | 27.12% | 27.54% | 28.30% | 44.36% | 46.00% | 47.56% | 46.25% | 52.06% | 70.71% | 84.01% | 100.00% | 100.00% | 100.00% | 100.00% |
| Operating profit margin | 1.03% | 1.08% | 0.88% | 0.36% | -0.43% | -1.44% | -1.63% | -1.38% | -1.53% | -2.91% | -3.81% | -11.68% | -11.15% | -5.73% | -3.57% | 2.46% | 4.23% | 4.08% | 4.52% | 4.87% |
| 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% |
| Net profit margin | 1.48% | 1.15% | 1.32% | 0.46% | 0.32% | -0.37% | -0.42% | 0.09% | -0.33% | -1.72% | -2.36% | -7.63% | -7.47% | -2.91% | -1.58% | 2.50% | 3.89% | 3.60% | 4.05% | 4.34% |
The gross profit margin for BJs Restaurants Inc has experienced fluctuations over the period, starting at 52.06% in Dec 2020, decreasing significantly to 24.16% by Dec 2023. This indicates a decline in the profitability of sales after direct costs and is something that the company may need to address.
The operating profit margin has also fluctuated, ranging from negative margins to positive margins, with the lowest point at -11.68% in Mar 2021. Although it has improved since then, the margins remain relatively low compared to previous years, suggesting a need for more efficient cost management and optimization of operating expenses.
The pretax margin has followed a similar trend to the operating profit margin, with negative margins in some periods, highlighting challenges in generating profits before accounting for taxes.
The net profit margin, while positive overall, has also varied, with the lowest point at -7.63% in Dec 2021 and a subsequent recovery. However, it has not reached the levels seen in previous years, indicating a need for enhanced profitability measures.
In conclusion, BJs Restaurants Inc's profitability ratios show a need for attention to cost management, operational efficiency, and overall business performance to improve margins and stabilize profitability in the future.
Return on investment
| 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 return on assets (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% |
| Return on assets (ROA) | 1.86% | 1.50% | 1.70% | 0.58% | 0.39% | -0.45% | -0.49% | 0.10% | -0.35% | -1.64% | -2.01% | -5.23% | -5.46% | -2.37% | -1.36% | 2.53% | 4.22% | 3.91% | 4.38% | 4.63% |
| Return on total capital | 3.76% | 4.07% | 3.25% | 1.37% | -1.59% | -5.23% | -5.73% | -4.73% | -4.95% | -8.59% | -10.30% | -26.73% | -29.42% | -16.12% | -10.83% | 10.16% | 16.92% | 16.40% | 15.92% | 16.70% |
| Return on equity (ROE) | 5.38% | 4.31% | 4.84% | 1.74% | 1.18% | -1.34% | -1.49% | 0.29% | -1.08% | -5.08% | -6.40% | -17.45% | -19.70% | -8.19% | -4.81% | 10.34% | 15.58% | 14.45% | 14.27% | 14.88% |
Based on the profitability ratios of BJs Restaurants Inc, we can observe the following trends:
1. Operating return on assets (Operating ROA) has been fluctuating over the periods analyzed, ranging from -8.16% to 1.42%. The company's ability to generate operating profits from its assets has improved in recent quarters.
2. Return on assets (ROA) has shown volatility but generally improved from negative values to positive ones over time. This indicates that the company has been able to generate higher returns from its total assets.
3. Return on total capital has also displayed fluctuations, with variations between -29.42% and 4.07%. Despite the variability, there has been an overall upward trend, reflecting an improvement in the company's efficiency in generating returns on invested capital.
4. Return on equity (ROE) has shown a similar pattern of variability, with values fluctuating from -19.70% to 5.38%. The company has been able to enhance its profitability relative to shareholders' equity, although some periods still show negative returns.
In conclusion, while BJs Restaurants Inc has experienced fluctuations in its profitability ratios, there is a trend of improvement over the periods analyzed. However, the company should continue to focus on sustaining and further improving its profitability metrics to enhance shareholder value in the long term.