BJs Restaurants Inc (BJRI)

Return on assets (ROA)

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Net income (ttm)	US$ in thousands	16,687	30,004	29,127	23,902	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
Total assets	US$ in thousands	1,041,060	1,041,780	1,044,140	1,044,920	1,222,630	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	1,086,200	1,059,420	1,066,750	1,098,870	1,113,030
ROA		1.60%	2.88%	2.79%	2.29%	1.61%	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%	-1.37%	2.53%

December 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $16,687K ÷ $1,041,060K
= 1.60%

The return on assets (ROA) for BJs Restaurants Inc fluctuated over the periods analyzed. From March 31, 2020, to December 31, 2020, the ROA was negative, indicating that the company was not generating a positive return on its assets during these periods. In the subsequent quarters, the ROA improved gradually, turning positive by March 31, 2022. The trend continued to improve, reaching a peak of 2.88% on September 30, 2024. However, by December 31, 2024, the ROA decreased to 1.60%.

Overall, the positive trend in ROA from March 31, 2022, to September 30, 2024, suggests that BJs Restaurants Inc was able to generate a higher return on its assets during this period. This improvement could be attributed to factors such as operational efficiency, profitability, or effective asset utilization strategies. It is important for investors and stakeholders to monitor the ROA metric to assess the company's efficiency in utilizing its assets to generate profits.