Brinker International Inc (EAT)

Number of days of payables

		Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Payables turnover		10.08	12.43	10.61	9.26	11.51
Number of days of payables	days	36.20	29.35	34.41	39.41	31.71

June 30, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 10.08
= 36.20

The number of days of payables for Brinker International Inc has fluctuated over the past five years. In the most recent fiscal year ending on June 30, 2024, Brinker International Inc took around 36.20 days to pay its accounts payable on average. This represents an increase compared to the previous year when the company took 29.35 days to settle its payables.

Looking further back, we observe a similar trend of variability in the number of days of payables. In the fiscal year ending on June 30, 2022, Brinker International Inc had a slightly longer payment period of 34.41 days, compared to 39.41 days in the fiscal year ending on June 30, 2021. Furthermore, the company's payables were processed more quickly in the fiscal year ending on June 30, 2020, taking only 31.71 days on average to settle accounts payable.

Overall, the fluctuation in Brinker International Inc's number of days of payables over the past five years indicates potential shifts in the company's payment practices and relationships with suppliers. A decreasing trend in the number of days of payables may suggest improved efficiency in managing working capital, while an increasing trend could reflect challenges in cash flow management or changes in supplier terms.