Brinker International Inc (EAT)

Receivables 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
Revenue (ttm)	US$ in thousands	4,415,100	4,282,400	4,245,300	4,190,200	4,133,200	4,079,200	3,976,400	3,883,200	3,804,100	3,791,200	3,639,200	3,474,100	3,337,800	2,892,400	2,924,000	3,032,600	3,078,500	3,349,400	3,328,700	3,250,100
Receivables	US$ in thousands	60,600	48,000	79,500	50,900	60,900	72,600	95,300	63,200	70,900	65,600	98,800	85,100	88,200	98,100	111,200	89,900	87,700	58,000	112,600	49,700
Receivables turnover		72.86	89.22	53.40	82.32	67.87	56.19	41.73	61.44	53.65	57.79	36.83	40.82	37.84	29.48	26.29	33.73	35.10	57.75	29.56	65.39

June 30, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $4,415,100K ÷ $60,600K
= 72.86

The receivables turnover ratio for Brinker International Inc has exhibited variability over the past few quarters. The ratio indicates how efficiently the company is collecting cash from its credit customers. A higher ratio generally signifies better efficiency in collecting receivables.

Brinker International Inc's receivables turnover ratio ranged from a low of 26.29 in March 2021 to a high of 89.22 in March 2024. The significant increase in the ratio from December 2023 to March 2024 indicates a notable improvement in the company's ability to collect outstanding receivables.

While the ratio has shown fluctuations, it has generally been above 30 in recent quarters, indicating that the company is effectively managing its accounts receivable. However, it is essential to consider industry benchmarks for a more thorough comparison and assessment of Brinker International Inc's receivables turnover performance.