Brinker International Inc (EAT)

Number of days of payables

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
Payables turnover — 18.74 25.19 25.99 24.13 24.84 24.67 25.70 28.90 22.22 24.98 23.65 24.92 24.68 26.09 26.67 19.55 19.08 18.46 16.64
Number of days of payables days — 19.48 14.49 14.04 15.13 14.69 14.80 14.20 12.63 16.42 14.61 15.43 14.65 14.79 13.99 13.68 18.67 19.13 19.77 21.94

June 30, 2025 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ —
= —

The analysis of Brinker International Inc's number of days of payables over the period from December 2020 through June 2025 reveals fluctuations in the company's accounts payable management. Initially, in December 2020, the payable days stood at approximately 21.94 days, indicating the company took nearly three weeks to settle its payables. This figure decreased slightly through 2021, reaching a low of approximately 13.68 days in September 2021, suggestive of a trend toward more prompt payment practices during this period.

During 2022, the number of payable days experienced modest variation, fluctuating between approximately 14.65 days in June and 15.43 days in September, indicating relative stability in the company's payment cycle. Approaching the end of 2022 and into early 2023, the payable days increased slightly, with March 2023 recording approximately 16.42 days, signifying a slight extension in payment duration relative to the previous year.

Subsequently, from mid-2023, a decreasing trend is observed, with the payable days dropping to approximately 12.63 days in June 2023, the shortest period within the provided timeline, followed by a moderate increase through September and December 2023 to about 14.80 days. The first quarter of 2024 saw payable days at approximately 14.69 days, with a slight upward movement in June and September 2024 to around 15.13 and 14.04 days respectively. By the end of 2024, the figure settled at roughly 14.49 days.

The earliest part of 2025 shows an increase to approximately 19.48 days in March, indicating a lengthening of the payables cycle. The subsequent quarter data is unavailable for further comparison.

Overall, the trend from 2020 through 2024 indicates periods of both reduction and stabilization in the number of days the company takes to pay its suppliers, with notable dips in 2021 and mid-2023. The fluctuations suggest a possible strategic shift in payables management or changes driven by operational or financial conditions. The overall decreasing trend from 2020 through 2023 could be viewed as an effort to improve cash flow or strengthen supplier relationships, while the increase in 2025 warrants further investigation to understand underlying causes.