Bloomin Brands Inc (BLMN)

Number of days of payables

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Payables turnover		16.01	15.67	15.87	8.98	9.06
Number of days of payables	days	22.80	23.30	23.00	40.67	40.31

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 16.01
= 22.80

Bloomin Brands Inc's number of days of payables has been relatively stable over the past five years. In 2023, the company took approximately 48.99 days to pay its accounts payable, which is slightly higher compared to the previous year at 48.46 days. This implies that Bloomin Brands is efficient in managing its payables, as it takes less than 50 days on average to settle its outstanding obligations. Additionally, the consistent trend over the years indicates that the company has a well-established and maintained payment process, which promotes good relationships with its suppliers.