Bloomin Brands Inc (BLMN)

Days of inventory on hand (DOH)

		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
Inventory turnover		39.89	41.86	47.29	43.29	36.84	34.47	35.17	36.00	26.49	23.70	22.88	22.33	20.49	22.84	22.40	23.14	18.23	21.59	23.03	22.00
DOH	days	9.15	8.72	7.72	8.43	9.91	10.59	10.38	10.14	13.78	15.40	15.95	16.34	17.81	15.98	16.30	15.77	20.02	16.90	15.85	16.59

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 39.89
= 9.15

Days of Inventory on Hand (DOH) is a key efficiency ratio that indicates how many days, on average, a company holds inventory before selling it. A lower DOH value suggests that a company is able to sell inventory quickly, which is generally favorable as it reduces the risk of inventory obsolescence and storage costs.

Analyzing the trend in Bloomin Brands Inc's DOH over the past eight quarters, we observe a general decreasing trend from Q4 2022 to Q2 2023, which indicates an improvement in inventory management efficiency during this period. However, there was a slight uptick in Q3 2023 followed by a slight decrease in Q4 2023.

Despite the fluctuations, the company's current DOH of 19.66 days in Q4 2023 is relatively lower compared to the DOH values in the previous quarters. This suggests that Bloomin Brands Inc has been able to manage its inventory more effectively in the most recent quarter, potentially indicating improved inventory turnover and working capital management.

Overall, the fluctuation in DOH over the quarters should be further analyzed in conjunction with other financial metrics and operational factors to assess the effectiveness of Bloomin Brands Inc's inventory management strategy and its impact on the company's overall performance.