BJs Restaurants Inc (BJRI)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 19,660 | 4,076 | -3,606 | -57,885 | 45,238 |
| Total assets | US$ in thousands | 1,058,450 | 1,045,920 | 1,035,170 | 1,059,420 | 1,072,080 |
| ROA | 1.86% | 0.39% | -0.35% | -5.46% | 4.22% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $19,660K ÷ $1,058,450K
= 1.86%
BJs Restaurants Inc's return on assets (ROA) has shown significant fluctuations over the past five years. In 2023, the ROA improved to 1.86%, indicating that the company generated $0.0186 in profit for every dollar of assets. This is a positive sign compared to the previous year where the ROA was 0.39%.
In 2022, the ROA was at a low of -0.35%, suggesting that the company incurred a loss relative to its assets. The negative ROA in 2021 (-5.46%) was even more severe, indicating a substantial decline in profitability and efficiency in asset utilization.
However, there was a notable improvement in 2019 with an ROA of 4.22%, indicating efficient utilization of assets to generate profit. This was followed by a decline in 2020 to -5.46%, before the recent recovery in 2023.
Overall, BJs Restaurants Inc's ROA trend has been volatile, reflecting fluctuations in profitability and asset efficiency over the past five years. An upward trend in ROA suggests that the company is becoming more effective in generating profits from its assets.
Peer comparison
Dec 31, 2023