Bloomin Brands Inc (BLMN)

Days of inventory on hand (DOH)

		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
DOH	days	21.85	7.18	7.76	8.52	7.97

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 16.71
= 21.85

The days of inventory on hand (DOH) ratio for Bloomin Brands Inc has shown some fluctuations over the years based on the provided data.

- As of December 31, 2020, the company had an average of 7.97 days of inventory on hand, indicating a relatively efficient management of inventory levels.
- By December 31, 2021, the DOH increased slightly to 8.52 days, suggesting that the company may have been holding onto inventory for a slightly longer period.
- Subsequently, by December 31, 2022, the DOH decreased to 7.76 days, showing a potential improvement in inventory turnover efficiency.
- The trend continued as of December 31, 2023, with the DOH further declining to 7.18 days, indicating even better management of inventory levels.
- However, there was a significant spike in the DOH ratio by December 31, 2024, reaching 21.85 days, which could signal potential issues such as overstocking or slower sales.

Overall, while the company has demonstrated varying levels of inventory management efficiency in recent years, the substantial increase in the DOH ratio in 2024 may warrant further investigation to determine the underlying reasons and address any potential concerns regarding inventory management practices.