Bloomin Brands Inc (BLMN)

Activity ratios

Short-term

Turnover ratios

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
Inventory turnover 39.89 41.86 47.29 43.29 36.84 34.47 35.17 36.00 26.49 23.70 22.88 22.33 20.49 22.84 22.40 23.14 18.23 21.59 23.03 22.00
Receivables turnover — — — — — — — — — — — — — — — — — — — —
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
Working capital turnover — — — — — — — — — — — — — — — — — — — —

From the provided data, we can analyze the activity ratios of Bloomin Brands Inc as follows:

1. Inventory Turnover:
The inventory turnover ratio measures how efficiently Bloomin Brands is managing its inventory. The trend indicates an improvement in inventory turnover over the quarters, reaching a peak of 22.39 in Q2 2023. This suggests that the company is selling its inventory faster and more efficiently compared to previous quarters.

2. Receivables Turnover:
The receivables turnover ratio reflects how quickly Bloomin Brands is collecting payments from its customers. There seems to be some fluctuation in this ratio, with a significant increase in Q1 2023 compared to the previous quarters. This could indicate changes in customer payment patterns or credit policies during that period.

3. Payables Turnover:
The payables turnover ratio shows how efficiently Bloomin Brands is managing its payments to suppliers. The company has maintained a relatively stable payables turnover ratio over the quarters, indicating consistent payment practices with its suppliers.

4. Working Capital Turnover:
Unfortunately, there is no data provided for the working capital turnover ratio. This ratio assesses how efficiently Bloomin Brands is utilizing its working capital to generate sales. Without this data, it is challenging to evaluate the company's efficiency in managing its working capital.

In conclusion, while Bloomin Brands has shown improvements in inventory turnover and relatively stable payables turnover ratios, the fluctuating receivables turnover ratio may warrant further investigation to understand the underlying reasons behind the changes in collection patterns. Further information on the working capital turnover ratio would provide a more complete picture of the company's overall efficiency in utilizing its resources effectively.

Average number of days

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
Days of inventory on hand (DOH) days 9.15 8.72 7.72 8.43 9.91 10.59 10.38 10.14 13.78 15.40 15.95 16.34 17.81 15.98 16.30 15.77 20.02 16.90 15.85 16.59
Days of sales outstanding (DSO) days — — — — — — — — — — — — — — — — — — — —
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

The activity ratios for Bloomin Brands Inc indicate the efficiency of the company in managing its inventory, collecting payments, and paying its suppliers.

The Days of Inventory on Hand (DOH) measure how many days, on average, the company holds inventory before it is sold. The decreasing trend in the DOH from Q4 2022 to Q2 2023 suggests that the company has been able to manage its inventory more effectively and turn it into sales faster.

The Days of Sales Outstanding (DSO) represent how long it takes the company to collect payments from its customers. The fluctuations in the DSO indicate some variability in the company's collection practices, although Q1 and Q3 2023 show a significant improvement in collecting payments compared to the previous quarters.

The Number of Days of Payables measures how long the company takes to pay its suppliers. It appears that Bloomin Brands Inc has been consistent in its payment cycle over the quarters, with payables being settled in around 49-53 days on average.

Overall, the decreasing trend in the DOH and the relatively stable DSO and payables days indicate that Bloomin Brands Inc has been able to enhance its inventory management and maintain efficient collection and payment processes, which can contribute to improving the company's overall working capital management and liquidity position.

Long-term

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
Fixed asset turnover 4.53 4.49 4.72 4.88 4.84 5.02 5.11 5.11 4.91 4.58 4.28 3.65 3.56 3.74 3.84 4.03 4.00 3.93 3.90 3.83
Total asset turnover 1.37 1.37 1.39 1.40 1.33 1.36 1.34 1.34 1.25 1.21 1.12 0.96 0.94 1.00 1.04 1.07 1.15 1.19 1.18 1.16

The fixed asset turnover ratio for Bloomin Brands Inc has been relatively stable over the past eight quarters, ranging from 4.48 to 5.08. This indicates that the company generates around $4.48 to $5.08 in revenue for every dollar invested in fixed assets. A higher fixed asset turnover ratio suggests that the company is effectively utilizing its fixed assets to generate sales.

On the other hand, the total asset turnover ratio has also shown consistency, ranging from 1.33 to 1.40 over the same period. This ratio signifies that Bloomin Brands Inc generates around $1.33 to $1.40 in revenue for every dollar of total assets. A higher total asset turnover ratio typically indicates efficient asset utilization.

Overall, both the fixed asset turnover and total asset turnover ratios for Bloomin Brands Inc suggest that the company is efficiently utilizing its assets to generate sales, with a slightly higher efficiency observed in the utilization of fixed assets.