Bloomin Brands Inc (BLMN)

Days of inventory on hand (DOH)

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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
Inventory turnover 46.72 54.45 53.16 59.70 50.84 53.58 60.44 55.28 47.05 43.63 45.00 51.25 42.86 44.74 51.37 51.11 45.77 50.74 49.24 50.24
DOH days 7.81 6.70 6.87 6.11 7.18 6.81 6.04 6.60 7.76 8.37 8.11 7.12 8.52 8.16 7.10 7.14 7.97 7.19 7.41 7.27

December 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 46.72
= 7.81

The days of inventory on hand (DOH) for Bloomin Brands Inc have fluctuated over the period analyzed. The company maintained relatively stable DOH figures between 7 to 8 days from March 2020 to September 2021. However, there was a notable increase in DOH to over 8 days by December 2021 and throughout the first half of 2022, indicating that Bloomin Brands Inc may be carrying more inventory relative to its sales during this period.

Subsequently, a slight decrease occurred in DOH in the first quarter of 2023, followed by a more significant drop to around 6 days in the second quarter of 2023. This suggests efficient inventory management practices or a reduction in inventory levels during this period. However, there was a slight uptick in DOH by the end of 2023, indicating a potential buildup of inventory.

In the following years up to December 2024, Bloomin Brands Inc managed to keep its DOH figures relatively low, ranging from 6 to 8 days. This could imply that the company maintained a balanced approach to inventory management during this period.

Overall, the analysis of Bloomin Brands Inc's DOH highlights fluctuations in inventory management efficiency over the years, with periods of higher and lower inventory turnover. This metric plays a crucial role in assessing the company's ability to manage its inventory levels effectively and optimize its working capital utilization.