Brinker International (Brinker International) Inventory Turnover

: 10.44 (As of Dec. 2023)

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Inventory Turnover measures how fast the company turns over its inventory within a year. It is calculated as Cost of Goods Sold divided by Total Inventories. Brinker International's Cost of Goods Sold for the three months ended in Dec. 2023 was $924 Mil. Brinker International's Average Total Inventories for the quarter that ended in Dec. 2023 was $89 Mil. Brinker International's Inventory Turnover for the quarter that ended in Dec. 2023 was 10.44.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. Brinker International's Days Inventory for the three months ended in Dec. 2023 was 8.74.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. Brinker International's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 0.08.

Brinker International Inventory Turnover Historical Data

The historical data trend for Brinker International's Inventory Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Brinker International Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Inventory Turnover

38.17

35.79

35.34

38.30

40.10

Brinker International Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Inventory Turnover																9.69	10.20	10.25	10.10	10.44

Brinker International Inventory Turnover Calculation

Brinker International's Inventory Turnover for the fiscal year that ended in Jun. 2023 is calculated as

	Inventory Turnover (A: Jun. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (A: Jun. 2023 )	/ (	(Total Inventories (A: Jun. 2022 )	+	Total Inventories (A: Jun. 2023 ))	/	count )
=	3633.1	/ (	(91.1	+	90.1)	/	2 )
=	3633.1	/	90.6
=	40.10

Brinker International's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

	Inventory Turnover (Q: Dec. 2023 )
=	Cost of Goods Sold	/	Average Total Inventories
=	Cost of Goods Sold (Q: Dec. 2023 )	/ (	(Total Inventories (Q: Sep. 2023 )	+	Total Inventories (Q: Dec. 2023 ))	/	count )
=	923.9	/ (	(87.6	+	89.4)	/	2 )
=	923.9	/	88.5
=	10.44

Brinker International (NYSE:EAT) Inventory Turnover Explanation

Inventory Turnover measures how fast the company turns over its inventory within a year. A higher Inventory Turnover means the company has light inventory. Therefore the company spends less money on storage, write downs, and obsolete inventory. If the inventory is too light, it may affect sales because the company may not have enough to meet demand.

1. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

Brinker International's Days Inventory for the three months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	88.5	/	923.9	*	365 / 4
	=	8.74

2. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

Brinker International's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	88.5	/	1074.1
	=	0.08

Be Aware

Usually retailers pile up their inventories at holiday seasons to meet the stronger demand. Therefore, the inventory of a particular quarter of a year should not be used to calculate Inventory Turnover. An average inventory is a better indication.

Brinker International Inventory Turnover Related Terms

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Brinker International (Brinker International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Brinker International Inc (NYSE:EAT) » Definitions » Inventory Turnover

Comparable Companies

Traded in Other Exchanges

BKJ:Germany

Address

3000 Olympus Boulevard, Dallas, TX, USA, 75019

Website

https://www.brinker.com

Brinker International Inc operates casual dining restaurants under the brand's Chili Grill and Bar (Chili's) and Maggiano's Little Italy (Maggiano's). Chili's falls in the Bar and Grill category of casual dining. Its menu features Fresh Mex and Fresh Tex favorites including signature items such as slow-smoked baby back ribs, craft burgers, fajitas, and bottomless chips and salsa paired with tableside guacamole. Maggiano's is an Italian restaurant brand with a full lunch and dinner menu offering chef-prepared, such as appetizers, chicken, seafood, veal and prime steaks, and desserts. The company generates maximum revenue from Chili's segment.

Executives

Joseph G Taylor	officer: VP, Corp. Affairs & Inv. Rel.	6820 LBJ FREEWAY, DALLAS TX 75240
Douglas N. Comings	officer: SVP & COO, Chili's Grill & Bar	3000 OLYMPUS DR., DALLAS TX 75019
James M Butler	officer: SVP Chief Supply Chain Officer	3000 OLYMPUS BLVD., DALLAS TX 75019
Wade Allen	officer: SVP & Chief Digital Officer	6820 LBJ FREEWAY, DALLAS X1 75240
Steve Provost	officer: Pres., Maggiano's Little Italy	4024 COLGATE, UNIVERSITY PARK TX 75225
Rick Badgley	officer: SVP & Chief People Officer	6820 LBJ FREEWAY, DALLAS TX 75240
George S Felix	officer: SVP, Chief Marketing Officer	3000 OLYMPUS BLVD., DALLAS TX 75019
Kevin Hochman	director, officer: Pres. & CEO & Pres. of Chili's	3000 OLYMPUS BLVD., DALLAS TX 75019
Prashant Ranade	director	507 PLYMOUTH AVENUE, NE, GRAND RAPIDS MI 49505
Wyman Roberts	officer: SVP, Maggiano's President	3853 WATERCREST DRIVE, LONGWOOD FL 32779
Ramona Hood	director	3000 OLYMPUS BLVD., DALLAS TX 75019
Daniel S Fuller	officer: SVP, General Counsel & Sec.	120 HOLLYWOOD DR., COPPELL TX 75019
Harriet Edelman	director
Charles A Lousignont	officer: SVP Supply Chain Mgmt	6820 LBJ FREEWAY, DALLAS TX 75240
Joseph Michael Depinto	director	C/O OFFICEMAX INCORPORATED, NAPERVILLE IL 60563