Brinker International Inc (EAT)

Inventory turnover

		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
Cost of revenue (ttm)	US$ in thousands	1,619,000	1,512,200	1,518,800	1,532,700	1,562,500	1,562,000	1,537,200	1,490,600	1,424,600	1,357,000	1,290,300	1,231,400	1,182,700	1,146,700	1,155,400	1,189,000	1,207,700	886,600	892,000	863,200
Inventory	US$ in thousands	34,500	32,500	34,300	32,500	34,500	34,100	36,900	36,300	35,600	33,600	32,700	29,500	28,900	27,100	26,800	25,900	27,300	26,300	26,200	25,600
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

June 30, 2024 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $1,619,000K ÷ $34,500K
= 46.93

The inventory turnover ratio for Brinker International Inc has shown consistency in the range of approximately 40 to 47 times over the past several quarters. This indicates that the company is efficiently managing its inventory by converting it into sales multiple times within a given period, highlighting a strong operational performance.

A higher inventory turnover ratio suggests that Brinker International Inc is effectively managing its inventory levels, potentially avoiding excess stock and minimizing carrying costs. This efficient management can result in improved cash flows and profitability for the company.

Overall, the trend in Brinker International Inc's inventory turnover ratio demonstrates effective inventory management practices, which can positively impact the company's financial performance and operational efficiency.