Brinker International Inc (EAT)

Number of days of payables

		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
Payables turnover		10.08	10.05	10.20	10.82	12.43	9.54	10.81	10.17	10.61	10.33	10.86	10.96	9.26	9.45	11.36	11.96	11.51	8.75	9.69	8.21
Number of days of payables	days	36.21	36.33	35.78	33.74	29.36	38.25	33.76	35.87	34.41	35.34	33.61	33.32	39.41	38.64	32.13	30.51	31.70	41.70	37.69	44.48

June 30, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 10.08
= 36.21

Over the past several quarters, Brinker International Inc's number of days of payables has shown some fluctuation. The number of days of payables represents the average number of days it takes for the company to pay its suppliers and vendors for goods or services received.

The trend in the number of days of payables indicates that the company has been managing its payables effectively, with fluctuations likely due to changes in payment terms, cash flow management, and operational requirements.

In the most recent quarter, the number of days of payables was 36.21 days, slightly lower than the previous quarter but within a relatively consistent range seen in recent periods. This suggests that Brinker International Inc is maintaining a stable payment cycle with its suppliers.

Overall, a consistent number of days of payables typically indicate a healthy working capital management strategy, where the company is balancing its cash flow needs while maintaining good relationships with its suppliers. Further analysis of the company's financial statements and industry benchmarks would provide additional insights into the efficiency of Brinker International Inc's payables management.