Brinker International Inc (EAT)

Payables 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
Payables	US$ in thousands	160,600	150,500	148,900	141,700	125,700	163,700	142,200	146,500	134,300	131,400	118,800	112,400	127,700	121,400	101,700	99,400	104,900	101,300	92,100	105,200
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

June 30, 2024 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,619,000K ÷ $160,600K
= 10.08

Brinker International Inc's payables turnover ratio has exhibited stability over the analyzed period. The ratio ranged from a low of 8.21 to a high of 12.43. This metric indicates that, on average, Brinker International Inc pays its suppliers approximately 10 times per year.

Consistently high payables turnover ratios may suggest efficient management of accounts payable, indicating that the company is effectively using its suppliers' credit terms to finance its operations. However, a very high turnover ratio could also indicate aggressive cash management policies or potentially strained relationships with suppliers.

Overall, the relatively stable and moderate payables turnover ratio of Brinker International Inc indicates efficient management of accounts payable, allowing the company to strike a balance between utilizing supplier credit effectively and maintaining healthy supplier relationships.