Bloomin Brands Inc (BLMN)

Inventory turnover

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cost of revenue	US$ in thousands	3,029,210	2,878,100	2,666,090	1,269,680	1,583,540
Inventory	US$ in thousands	75,939	78,124	79,112	61,928	86,861
Inventory turnover		39.89	36.84	33.70	20.50	18.23

December 31, 2023 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $3,029,210K ÷ $75,939K
= 39.89

Bloomin Brands Inc has exhibited a consistent improvement in its inventory turnover over the past five years, reflecting the company's ability to manage its inventory efficiently. The inventory turnover ratio has gradually increased from 14.71 in 2019 to 18.56 in 2023. This indicates that Bloomin Brands is selling its inventory more frequently each year, which is generally a positive sign as it suggests that the company is effectively managing its inventory levels and avoiding excess or obsolete stock. The higher inventory turnover ratio also implies that the company is converting its inventory into sales at a faster pace, potentially leading to improved cash flow and profitability. Overall, the trend in Bloomin Brands Inc's inventory turnover ratio demonstrates a positive operational performance in managing its inventory effectively.