BJs Restaurants Inc (BJRI)

Return on total capital

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
Earnings before interest and tax (EBIT) (ttm) US$ in thousands 13,759 14,680 11,896 4,829 -5,480 -17,727 -19,514 -15,985 -16,507 -28,812 -34,534 -86,941 -86,431 -49,809 -33,859 27,629 49,119 46,997 51,617 54,982
Long-term debt US$ in thousands — — — — — — — — — — — — — — — — — — — —
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
Return on total capital 3.76% 4.07% 3.25% 1.37% -1.59% -5.23% -5.73% -4.73% -4.95% -8.59% -10.30% -26.73% -29.42% -16.12% -10.83% 10.16% 16.92% 16.40% 15.92% 16.70%

December 31, 2023 calculation

Return on total capital = EBIT (ttm) ÷ (Long-term debt + Total stockholders’ equity)
= $13,759K ÷ ($—K + $365,761K)
= 3.76%

BJs Restaurants Inc's return on total capital has fluctuated significantly over the periods provided. The return on total capital ranged from a low of -29.42% in December 2020 to a high of 16.92% in September 2019. The trend shows a mix of positive and negative returns, indicating uneven performance in generating profits relative to the company's total capital employed. The recent return on total capital figures in 2023 have improved compared to the negative returns seen in previous quarters. However, it is essential for the company to continue monitoring and improving its return on total capital to ensure sustainable profitability and value creation for its shareholders.