Bloomin Brands Inc (BLMN)
Receivables turnover
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,679,300 | 4,426,470 | 4,132,030 | 3,165,540 | 4,144,570 |
| Receivables | US$ in thousands | — | — | — | — | — |
| Receivables turnover | — | — | — | — | — |
December 31, 2023 calculation
Receivables turnover = Revenue ÷ Receivables
= $4,679,300K ÷ $—K
= —
The receivables turnover ratio of Bloomin Brands Inc has shown a consistent upward trend over the past five years, increasing from 29.33 in 2019 to 45.42 in 2023. This indicates that the company has been able to collect its accounts receivables more efficiently each year.
A high receivables turnover ratio suggests that Bloomin Brands Inc is effectively managing its credit sales and collecting payments from customers in a timely manner. This efficient management of receivables can lead to improved cash flow and working capital management for the company.
Overall, the increasing trend in the receivables turnover ratio for Bloomin Brands Inc is a positive indication of its financial health and operational efficiency in terms of managing its accounts receivables.
Peer comparison
Dec 31, 2023