Brinker International Inc (EAT)

Days of sales outstanding (DSO)

		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
Receivables turnover		—	85.37	57.38	83.95	72.86	89.22	53.40	82.32	67.87	56.19	41.73	61.44	53.65	57.79	36.83	40.82	38.08	31.50	26.99	25.22
DSO	days	—	4.28	6.36	4.35	5.01	4.09	6.84	4.43	5.38	6.50	8.75	5.94	6.80	6.32	9.91	8.94	9.59	11.59	13.52	14.47

June 30, 2025 calculation

DSO = 365 ÷ Receivables turnover
= 365 ÷ —
= —

The data on Brinker International Inc.’s days of sales outstanding (DSO) over the specified periods indicates a pattern of decreasing receivables turnover, reflecting improving collection efficiency during the analyzed timeframe.

Starting from December 23, 2020, with a DSO of approximately 14.47 days, the metric demonstrated a general downward trend through subsequent periods, reaching its lowest point around September 30, 2024, at approximately 4.09 days. This decline suggests that the company has been increasingly effective at collecting receivables, thereby reducing the average number of days it takes to convert receivables into cash.

Specifically, from December 2020 to the end of 2023, the DSO consistently decreased, with notable reductions evident by June 30, 2021 (9.59 days) and further significant improvements by March 31, 2022 (6.32 days) and September 30, 2023 (approximately 4.43 days). These figures indicate a rapid enhancement in collection efficiency, with the DSO remaining relatively stable around the 4 to 6-day range from 2022 onward.

In the latest period available, March 31, 2024, the DSO was measured at approximately 4.09 days, maintaining a level close to the historic low, which signals sustained receivables management effectiveness. Although a slight increase to about 6.84 days occurs in December 2023, the overall trend remains sharply downward compared to the initial measurements in late 2020.

This pattern of declining DSO suggests that Brinker International has managed to accelerate its receivables collection over time, possibly due to improved credit policies, enhanced collection efforts, or shifts in customer payment behavior. However, while lower DSO figures generally reflect positive cash flow management, excessively low DSO may also indicate that the company is operating with very strict credit policies, potentially limiting sales opportunities.

The absence of reliable data beyond June 30, 2025, precludes a projection of future trends, but the historical record portrays a consistent move toward shorter receivable cycles, which could positively impact liquidity and operational cash flows if sustained.