Bloomin Brands Inc (BLMN)

Inventory turnover

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cost of revenue	US$ in thousands	1,147,860	3,861,310	3,675,750	3,390,680	2,834,560
Inventory	US$ in thousands	68,699	75,939	78,124	79,112	61,928
Inventory turnover		16.71	50.85	47.05	42.86	45.77

December 31, 2024 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $1,147,860K ÷ $68,699K
= 16.71

The inventory turnover for Bloomin Brands Inc has exhibited fluctuations over the period from December 31, 2020, to December 31, 2024.

- The ratio was 45.77 times in December 2020, indicating that the company sold and replaced its inventory almost 46 times during that period.
- By December 2021, the inventory turnover slightly decreased to 42.86 times, suggesting a potential decrease in sales relative to the amount of inventory held.
- However, there was a notable improvement in efficiency by December 2022, with the inventory turnover ratio increasing to 47.05 times. This signifies that the company was selling and replenishing its inventory at a faster rate.
- The trend continued positively in December 2023, with the inventory turnover reaching 50.85 times, reflecting further improvements in inventory management.
- There was a significant decline in inventory turnover in December 2024, down to 16.71 times. This sharp decrease may indicate potential challenges in managing inventory levels efficiently or changes in market demand.

Overall, analyzing the inventory turnover ratios provides insights into Bloomin Brands Inc's ability to manage its inventory effectively, assessing the balance between holding too much inventory and ensuring products are readily available for sale. Investors and stakeholders may want to further investigate the reasons behind the fluctuations in inventory turnover to understand the company's operational performance and potential impacts on financial health.