BJs Restaurants Inc (BJRI)

Return on assets (ROA)

		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
Net income (ttm)	US$ in thousands	19,660	15,570	17,732	6,097	4,076	-4,543	-5,077	995	-3,606	-17,032	-21,440	-56,759	-57,885	-25,290	-15,035	28,107	45,238	41,412	46,257	49,010
Total assets	US$ in thousands	1,058,450	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	1,085,730	1,059,420	1,066,750	1,102,730	1,113,030	1,072,080	1,058,200	1,055,520	1,058,250
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%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $19,660K ÷ $1,058,450K
= 1.86%

Based on the data provided, BJs Restaurants Inc's return on assets (ROA) has fluctuated over the past several quarters. The ROA was positive in most recent quarters, ranging from 0.58% to 1.86%. This indicates that the company generates a positive return on its assets, with the highest ROA observed in December 2023.

However, there were periods of negative ROA, notably in the third and fourth quarters of 2021 and the first quarter of 2022. During these periods, BJs Restaurants Inc experienced challenges in generating profits relative to its asset base.

It is essential for investors to monitor the trend in ROA over time to assess the company's efficiency in utilizing its assets to generate profits. The positive ROA in recent quarters suggests improved asset utilization and profitability, but continued scrutiny is advisable to ensure sustained financial performance.