Brinker International Inc (EAT)
Receivables turnover
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Revenue | US$ in thousands | 4,415,100 | 4,133,200 | 3,804,100 | 3,337,800 | 3,078,500 |
| Receivables | US$ in thousands | 60,600 | 60,900 | 70,900 | 88,200 | 87,700 |
| Receivables turnover | 72.86 | 67.87 | 53.65 | 37.84 | 35.10 |
June 30, 2024 calculation
Receivables turnover = Revenue ÷ Receivables
= $4,415,100K ÷ $60,600K
= 72.86
The receivables turnover of Brinker International Inc has shown a consistent improvement over the past five years, indicating the company's effectiveness in collecting its accounts receivable in a timely manner. The trend demonstrates a progressive increase from 35.10 in 2020 to 72.86 in 2024. This suggests that Brinker International Inc has been able to convert its accounts receivable into cash more frequently in recent years, reflecting efficient credit management and collection processes. The higher receivables turnover ratio signifies that the company is able to swiftly recover outstanding payments from customers, which is a positive indicator of liquidity and operational efficiency. Overall, the rising trend in the receivables turnover ratio is a favorable sign of Brinker International Inc's financial health and management effectiveness in managing its accounts receivable.
Peer comparison
Jun 30, 2024