Bloomin Brands Inc (BLMN)

Number of days of payables

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Payables turnover		16.01	14.91	14.58	14.99	15.67	15.28	15.25	14.34	12.47	10.91	8.43	8.20	8.97	11.55	13.58	11.16	9.06	9.90	10.53	9.68
Number of days of payables	days	22.80	24.48	25.04	24.35	23.30	23.89	23.94	25.45	29.26	33.47	43.29	44.52	40.68	31.59	26.87	32.72	40.31	36.87	34.67	37.72

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 ranged between approximately 48 to 53 days over the past eight quarters. The company took an average of around 50 days to pay its suppliers in Q4 2023, a slight decrease from the previous quarter. Overall, the trend indicates a relatively stable payment period for the company, suggesting a consistent approach to managing its accounts payable. Further analysis could be conducted to evaluate the efficiency and effectiveness of its working capital management practices.