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.