BJs Restaurants Inc (BJRI)

Return on equity (ROE)

		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 stockholders’ equity	US$ in thousands	365,761	360,970	366,046	351,234	345,515	339,014	340,344	337,662	333,771	335,462	335,134	325,283	293,788	308,911	312,594	271,904	290,287	286,565	324,236	329,268
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%

December 31, 2023 calculation

ROE = Net income (ttm) ÷ Total stockholders’ equity
= $19,660K ÷ $365,761K
= 5.38%

BJs Restaurants Inc's return on equity (ROE) has exhibited fluctuating performance over the past few quarters. In the most recent quarter, as of December 31, 2023, the ROE stood at 5.38%, showing a slight improvement compared to the previous quarter. However, the ROE remains relatively low, indicating that the company's ability to generate profits from shareholders' equity is modest.

Looking back over the past several quarters, the ROE has been volatile, with periods of negative returns, particularly in the quarters ending September 30, 2022, to March 31, 2021. These negative ROE figures suggest that during these periods, the company's profitability relative to its equity was weak, potentially signaling operational challenges or inefficiencies.

In contrast, there have been more positive ROE figures in the quarters ending March 31, 2020, to December 31, 2019, indicating a period of stronger profitability relative to equity during that time frame. The ROE peaked at 15.58% in the quarter ending March 31, 2020, and remained relatively high in the subsequent quarters.

Overall, the analysis of BJs Restaurants Inc's ROE highlights a mixed performance, with periods of both strengths and weaknesses. It is essential for stakeholders to monitor the company's financial performance closely to assess its ability to generate sustainable returns for shareholders.