Bloomin Brands Inc (BLMN)
Activity ratios
Short-term
Turnover ratios
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Inventory turnover | 16.71 | 50.85 | 47.05 | 42.86 | 45.77 |
| Receivables turnover | — | — | — | — | — |
| Payables turnover | — | — | — | — | — |
| Working capital turnover | — | — | — | — | — |
Based on the provided data, Bloomin Brands Inc's inventory turnover has shown a slightly decreasing trend over the years, indicating that the company is selling its inventory at a slower rate compared to previous periods. In 2024, the inventory turnover ratio dropped significantly to 16.71. This may suggest potential issues with inventory management or a decrease in sales volume that needs attention.
The receivables turnover, payables turnover, and working capital turnover ratios are not available for analysis, as the data for these ratios is marked as unavailable for all years. The absence of information on these ratios limits the comprehensive assessment of Bloomin Brands Inc's efficiency in managing receivables, payables, and working capital.
Overall, the decreasing trend in inventory turnover raises concerns about Bloomin Brands Inc's operational efficiency and inventory management practices. To gain a more complete understanding of the company's activity ratios and operational performance, further data on receivables turnover, payables turnover, and working capital turnover would be necessary.
Average number of days
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 21.85 | 7.18 | 7.76 | 8.52 | 7.97 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — |
Based on the provided data for Bloomin Brands Inc, we can analyze the activity ratios as follows:
1. Days of Inventory on Hand (DOH):
- The days of inventory on hand indicate how efficiently the company manages its inventory. A lower number of days implies faster inventory turnover.
- Bloomin Brands Inc's DOH was 7.97 days as of December 31, 2020, which increased to 8.52 days by December 31, 2021. However, it decreased to 7.76 days by December 31, 2022, and further dropped to 7.18 days by December 31, 2023, before a significant increase to 21.85 days by December 31, 2024.
2. Days of Sales Outstanding (DSO):
- The days of sales outstanding reflect the average number of days it takes for the company to collect its accounts receivable.
- The data provided does not include any information on DSO for Bloomin Brands Inc for the years mentioned.
3. Number of Days of Payables:
- The number of days of payables indicates the average number of days it takes for the company to pay its suppliers.
- Similar to DSO, there is no data available for the number of days of payables for Bloomin Brands Inc for the years provided.
In summary, Bloomin Brands Inc's inventory turnover fluctuated over the years, with a significant increase in 2024. However, without information on DSO and the number of days of payables, a comprehensive analysis of the company's overall working capital management and liquidity position cannot be made.
Long-term
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Fixed asset turnover | — | — | 2.19 | 2.09 | 3.57 |
| Total asset turnover | 1.17 | 1.36 | 1.33 | 1.25 | 0.94 |
The analysis of Bloomin Brands Inc long-term activity ratios reveals the following trends:
1. Fixed Asset Turnover: The fixed asset turnover ratio measures how efficiently the company is utilizing its fixed assets to generate sales. Bloomin Brands Inc experienced a significant decline in its fixed asset turnover ratio from 3.57 in 2020 to 2.09 in 2021. This indicates a potential decrease in the efficiency of using its fixed assets to generate revenue. However, there was a slight improvement in the ratio to 2.19 in 2022. The data for 2023 and 2024 are not available for analysis. It is crucial for the company to monitor and improve this ratio to ensure optimal utilization of its fixed assets.
2. Total Asset Turnover: The total asset turnover ratio measures how well the company is utilizing its total assets to generate revenue. Bloomin Brands Inc saw an increase in its total asset turnover ratio from 0.94 in 2020 to 1.25 in 2021, indicating an improvement in efficiency in generating sales relative to its total assets. The ratio continued to increase to 1.33 in 2022 and further to 1.36 in 2023 before experiencing a slight decline to 1.17 in 2024. This upward trend suggests that the company is becoming more efficient in utilizing its total assets to generate revenue, which is a positive sign for its operational performance.
Overall, while the fixed asset turnover ratio saw fluctuations, the total asset turnover ratio showed a generally positive trend, indicating improving efficiency in utilizing assets to generate sales. Bloomin Brands Inc should continue to monitor these ratios and work towards optimizing asset utilization to drive profitability and operational efficiency in the long term.