Bloomin Brands Inc (BLMN)

Payables turnover

		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
Cost of revenue (ttm)	US$ in thousands	3,029,210	2,953,678	2,947,247	2,939,082	2,878,100	2,869,421	2,830,538	2,476,660	2,095,418	1,716,842	1,350,147	1,203,886	1,269,126	1,343,883	1,423,666	1,575,594	1,583,544	1,584,331	1,594,840	1,609,283
Payables	US$ in thousands	189,202	198,100	202,207	196,093	183,715	187,825	185,645	172,709	167,978	157,410	160,142	146,832	141,457	116,323	104,808	141,221	174,877	160,029	151,495	166,320
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

December 31, 2023 calculation

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

Bloomin Brands Inc's payables turnover ratio has been relatively stable over the past eight quarters, ranging from 6.90 to 7.53.

The payables turnover ratio measures how efficiently a company is managing its accounts payable by showing how many times during a period the company pays off its average accounts payable balance.

A higher payables turnover ratio indicates that the company is paying off its suppliers more frequently, which could suggest strong liquidity and good payment terms negotiated with suppliers.

In the case of Bloomin Brands Inc, the average payables turnover ratio over the period is approximately 7.20. This indicates that, on average, the company pays off its suppliers roughly 7.20 times per year.

Overall, Bloomin Brands Inc's payables turnover indicates efficient management of its accounts payable, maintaining a consistent level of payment frequency over the past two years.