BJs Restaurants Inc (BJRI)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 16,687 | 19,660 | 4,076 | -3,606 | -57,885 |
| Total assets | US$ in thousands | 1,041,060 | 1,058,450 | 1,045,920 | 1,035,170 | 1,059,420 |
| ROA | 1.60% | 1.86% | 0.39% | -0.35% | -5.46% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $16,687K ÷ $1,041,060K
= 1.60%
Based on the provided data, BJs Restaurants Inc's return on assets (ROA) has shown improvement over the years. As of December 31, 2020, the company had a negative ROA of -5.46%, indicating that its assets were not generating sufficient returns. However, by the end of December 31, 2024, the ROA had increased to 1.60%, showcasing a positive trend in asset utilization efficiency.
The significant improvement in ROA from negative values to positive values suggests that BJs Restaurants Inc has been able to enhance its profitability relative to its asset base. This improvement may be attributed to better operational efficiency, cost management, and strategic decision-making by the company's management.
Overall, the positive trend in ROA reflects BJs Restaurants Inc's ability to generate more favorable returns from its assets over the years, indicating a strengthening financial performance and potential for sustainable growth in the future.
Peer comparison
Dec 31, 2024