Bloomin Brands Inc (BLMN)
Days of sales outstanding (DSO)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Receivables turnover | — | — | — | — | — | |
| DSO | days | — | — | — | — | — |
December 31, 2023 calculation
DSO = 365 ÷ Receivables turnover
= 365 ÷ —
= —
The days of sales outstanding (DSO) for Bloomin Brands Inc have shown a decreasing trend over the past five years. As of December 31, 2023, the DSO stands at 8.04 days, a significant improvement from 10.90 days reported at the end of 2022 and 2021. This indicates that the company is collecting its accounts receivable more efficiently, possibly through better credit management or prompt customer payments.
The lower DSO is generally considered favorable as it implies that Bloomin Brands is converting its accounts receivable into cash quicker. This may lead to improved cash flows and working capital management, allowing the company to reinvest in its operations or reduce its debt.
Overall, the decreasing trend in DSO reflects positively on Bloomin Brands' ability to manage its receivables effectively and suggests a healthier financial position compared to previous years.
Peer comparison
Dec 31, 2023