Brinker International Inc (EAT)

Days of inventory on hand (DOH)

		Jun 30, 2024	Mar 31, 2024	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 23, 2020	Sep 23, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019
Inventory turnover		46.93	46.53	44.28	47.16	45.29	45.81	41.66	41.06	40.02	40.39	39.46	41.74	40.92	42.31	43.11	45.91	44.24	33.71	34.05	33.72
DOH	days	7.78	7.84	8.24	7.74	8.06	7.97	8.76	8.89	9.12	9.04	9.25	8.74	8.92	8.63	8.47	7.95	8.25	10.83	10.72	10.82

June 30, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 46.93
= 7.78

The Days of Inventory on Hand (DOH) for Brinker International Inc have shown fluctuating trend over the past several quarters. The DOH has ranged from a low of 7.74 days to a high of 10.83 days. This indicates that the company has varied in its efficiency in managing its inventory levels.

On average, Brinker International Inc holds inventory for around 8 to 9 days before it is sold or used. A lower DOH implies faster inventory turnover and efficient management of inventory levels, whereas a higher DOH indicates slower turnover and potential excess inventory.

It is worth noting that the company experienced a peak in DOH in the quarters ending in December 2021 and March 2022, which may suggest challenges in inventory management during that period. However, the DOH has shown a decreasing trend in recent quarters, indicating potential improvements in inventory management efficiency.

Overall, monitoring the trend of DOH can provide insights into how effectively Brinker International Inc is managing its inventory levels and working capital.