Bloomin Brands Inc (BLMN)

Inventory turnover

		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
Cost of revenue (ttm)	US$ in thousands	3,209,412	3,917,722	3,937,832	3,893,008	3,861,108	3,780,448	3,767,194	3,753,443	3,675,754	3,631,862	3,622,069	3,525,873	3,390,683	3,240,882	3,031,257	2,754,847	2,834,563	2,985,465	3,130,055	3,420,701
Inventory	US$ in thousands	68,699	71,949	74,081	65,211	75,939	70,563	62,327	67,898	78,124	83,250	80,482	68,803	79,112	72,433	59,004	53,905	61,928	58,844	63,563	68,087
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

December 31, 2024 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $3,209,412K ÷ $68,699K
= 46.72

Bloomin Brands Inc's inventory turnover ratio indicates how efficiently the company manages its inventory. The inventory turnover values fluctuate over the given time periods, ranging from a low of 42.86 on December 31, 2021, to a high of 60.44 on June 30, 2023. A higher turnover ratio generally indicates better inventory management and suggests that the company is selling its inventory quickly.

In the latest period of December 31, 2024, the inventory turnover ratio stands at 46.72. This implies that Bloomin Brands Inc was able to turn over its inventory 46.72 times during that period. While this figure is lower than the highest turnover ratio observed, it is still relatively healthy and indicates efficient inventory management.

Overall, the trend in the inventory turnover ratio for Bloomin Brands Inc shows some fluctuations, but the company seems to maintain a generally strong level of inventory turnover, which bodes well for its operations and financial performance in terms of managing inventory levels effectively.