BJs Restaurants Inc (BJRI)
Return on total capital
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before interest and tax (EBIT) | US$ in thousands | 13,759 | -5,480 | -16,507 | -86,431 | 49,119 |
| Long-term debt | US$ in thousands | — | — | — | — | — |
| Total stockholders’ equity | US$ in thousands | 365,761 | 345,515 | 333,771 | 293,788 | 290,287 |
| Return on total capital | 3.76% | -1.59% | -4.95% | -29.42% | 16.92% |
December 31, 2023 calculation
Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $13,759K ÷ ($—K + $365,761K)
= 3.76%
Over the past five years, BJs Restaurants Inc's return on total capital has shown significant fluctuations, ranging from -29.42% in 2020 to 16.92% in 2019. The company's performance improved in 2021 with a return of -4.95%, followed by a further increase to -1.59% in 2022. However, in 2023, the return on total capital decreased to 3.76%. These fluctuations indicate inconsistency in the company's ability to generate returns relative to its total capital employed. Further analysis should be conducted to identify the underlying factors contributing to these variations and to assess the sustainability of the recent improvement in performance.
Peer comparison
Dec 31, 2023