Bloomin Brands Inc (BLMN)
Cash conversion cycle
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Days of inventory on hand (DOH) | days | 21.85 | 7.18 | 7.76 | 8.52 | 7.97 |
| Days of sales outstanding (DSO) | days | — | — | — | — | — |
| Number of days of payables | days | — | — | — | — | — |
| Cash conversion cycle | days | 21.85 | 7.18 | 7.76 | 8.52 | 7.97 |
December 31, 2024 calculation
Cash conversion cycle = DOH + DSO – Number of days of payables
= 21.85 + — – —
= 21.85
The cash conversion cycle of Bloomin Brands Inc has shown fluctuating trends over the past five years. In 2020, the company had a cash conversion cycle of 7.97 days, which increased slightly to 8.52 days in 2021. However, in 2022, there was a decrease to 7.76 days followed by a further decline to 7.18 days in 2023.
Interestingly, the cash conversion cycle significantly spiked to 21.85 days in 2024, indicating that the company took longer to convert its investments in inventory into cash. This could suggest potential issues with inventory management or collection of receivables, which may have impacted the company's cash flow efficiency during that period. Bloomin Brands Inc should closely monitor its cash conversion cycle to ensure optimal management of working capital going forward.
Peer comparison
Dec 31, 2024