Bloomin Brands Inc (BLMN)
Receivables 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 4,679,310 | 4,580,330 | 4,556,330 | 4,529,720 | 4,426,460 | 4,378,390 | 4,333,920 | 4,286,530 | 4,131,506 | 3,894,401 | 3,652,333 | 3,150,732 | 3,162,916 | 3,372,591 | 3,568,503 | 4,011,874 | 4,139,784 | 4,130,714 | 4,128,191 | 4,138,071 |
| Receivables | US$ in thousands | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Receivables turnover | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $4,679,310K ÷ $—K
= —
Receivables turnover is a key financial ratio that measures how efficiently a company is collecting its accounts receivable. A higher receivables turnover implies that the company is collecting its outstanding receivables more quickly, which is generally a positive indicator of effective credit management.
Analyzing the data provided for Bloomin Brands Inc, the receivables turnover has exhibited fluctuations over the past eight quarters. In Q4 2023, the receivables turnover was 45.42, significantly lower compared to the previous quarter at 90.08. This suggests that the company took longer to collect its accounts receivable in Q4 2023.
Looking back at the quarters prior to Q4 2023, there was a trend of increasing receivables turnover from Q2 2022 to Q1 2023, indicating improving efficiency in collecting receivables during that period. However, this trend was disrupted by the significant drop in Q4 2023.
Overall, the receivables turnover for Bloomin Brands Inc has shown variability, with some quarters demonstrating strong efficiency in collecting receivables while others showing a decrease in efficiency. Further analysis would be needed to understand the reasons behind these fluctuations and to assess the overall effectiveness of the company's credit and collection policies.
Peer comparison
Dec 31, 2023