Brinker International Inc (EAT)

Days of inventory on hand (DOH)

		Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	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 31, 2020	Dec 23, 2020
Inventory turnover		—	38.51	45.66	46.29	43.89	42.87	41.09	41.57	40.32	40.51	38.40	37.78	36.73	36.39	35.35	36.17	30.63	29.29	23.85	63.13
DOH	days	—	9.48	7.99	7.88	8.32	8.51	8.88	8.78	9.05	9.01	9.50	9.66	9.94	10.03	10.33	10.09	11.92	12.46	15.30	5.78

June 30, 2025 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ —
= —

The analysis of Brinker International Inc.'s days of inventory on hand (DOH) over the specified periods reveals several notable trends. Starting from December 31, 2020, the DOH was recorded at 15.30 days, indicating a relatively higher level of inventory in relation to sales during that period. This figure decreased sharply by December 23, 2020, to 5.78 days, although the substantial difference suggests possible data anomalies or different periods considered.

Subsequently, from March 31, 2021, onward, the DOH demonstrated a consistent declining trend, moving from approximately 12.46 days to approximately 9.50 days by December 31, 2022. This steady decline implies a trend toward more efficient inventory management and potentially faster turnover rates within the company’s operations.

During the first half of 2023, the DOH continued to exhibit slight variation, with figures around 9.01 to 9.05 days, maintaining a relatively stable level of inventory on hand relative to sales pace. Moving into the latter half of 2023, the DOH further decreased to approximately 8.78 days as of September 30, 2023, with a minor uptick to 8.88 days by December 31, 2023.

The trend persisted into the first quarter of 2024, with DOH decreasing to 8.51 days, followed by a slight decline to 8.32 days as of June 30, 2024. Thereafter, a further reduction is evident, with the DOH reaching as low as 7.88 days by September 30, 2024, indicating an ongoing improvement in inventory efficiency.

Towards the end of 2024, there is a marginal increase to 7.99 days, and by March 31, 2025, the DOH slightly rose to 9.48 days. The data concludes with the absence of figures beyond the second quarter of 2025.

In summary, the data reflects a long-term trend of decreasing days of inventory on hand, suggesting that Brinker International Inc. has progressively improved its inventory turnover rate over the analyzed periods. This development indicates enhanced operational efficiency, potentially driven by better inventory controls, supply chain management, or changes in sales dynamics. The overall movement shows a maturing approach to inventory management, with the company maintaining lower inventory levels relative to sales without apparent negative impact on customer service or sales volumes.