Brinker International Inc (EAT)

Payables turnover

		Jun 30, 2025	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021
Cost of revenue	US$ in thousands	4,608,400	3,787,800	3,633,100	3,304,900	2,834,500
Payables	US$ in thousands	—	160,600	125,700	134,300	127,700
Payables turnover		—	23.59	28.90	24.61	22.20

June 30, 2025 calculation

Payables turnover = Cost of revenue ÷ Payables
= $4,608,400K ÷ $—K
= —

The payables turnover ratio for Brinker International Inc. has exhibited notable fluctuations over the analyzed period. As of June 30, 2021, the ratio stood at 22.20, indicating that the company settled its payables approximately 22.2 times during the fiscal year. This ratio increased to 24.61 by June 30, 2022, reflecting a rising frequency of payments to suppliers and possibly improved management of accounts payable or enhanced operational efficiency.

The upward trend continued into June 30, 2023, with the ratio reaching 28.90. This significant increase suggests that the company paid its liabilities more frequently within the year, potentially indicating stronger liquidity position, better cash flow management, or a strategic shift towards faster payment cycles to suppliers.

However, in the subsequent year ending June 30, 2024, the payables turnover ratio declined to 23.59. This reduction might imply a slowdown in payment frequency, perhaps due to changes in supplier payment terms, cash flow considerations, or modifications in procurement strategies. The ratio for June 30, 2025, is not available, precluding further analysis for that period.

Overall, the trend demonstrates periods of acceleration followed by a slowdown in payable turnover, reflecting dynamic management of accounts payable in response to internal or external factors. The oscillation underscores the importance of considering other financial metrics and contextual factors to comprehensively understand the company's liquidity and operational strategies.