Bloomin Brands Inc (BLMN)

Payables 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
Payables	US$ in thousands	189,202	183,715	167,978	141,457	174,877
Payables turnover		16.01	15.67	15.87	8.98	9.06

December 31, 2023 calculation

Payables turnover = Cost of revenue ÷ Payables
= $3,029,210K ÷ $189,202K
= 16.01

Bloomin Brands Inc has shown a relatively consistent payables turnover ratio over the past five years, with values ranging from 6.95 to 7.53. The payables turnover indicates the efficiency with which the company pays its suppliers. A higher turnover ratio suggests that the company is paying its suppliers more frequently within the year, which could be beneficial in managing cash flow and maintaining good relationships with suppliers. The slight fluctuations in the ratio over the years suggest a stable payment policy. Overall, with a payables turnover ratio averaging around 7, Bloomin Brands Inc appears to have effective management of its accounts payables, ensuring timely payment to suppliers.