Bellring Brands LLC (BRBR)

Days of inventory on hand (DOH)

		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 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019
Inventory turnover		6.28	5.85	4.56	3.83	4.59	4.75	4.11	6.34	6.79	7.30	5.71	4.82	5.04	4.32
DOH	days	58.12	62.40	80.11	95.32	79.51	76.79	88.80	57.55	53.72	49.99	63.88	75.77	72.35	84.47

December 31, 2023 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 6.28
= 58.12

To analyze the days of inventory on hand (DOH) for Bellring Brands Inc over the past eight quarters, we can observe fluctuations and trends in the efficiency of inventory management.

The DOH measures the number of days a company holds its average inventory before selling it. A lower number of DOH indicates faster inventory turnover and better efficiency in converting inventory into sales.

In Q2 2023, Bellring Brands Inc had the highest DOH at 95.32 days, suggesting that the company took longer to sell its inventory during that period. This could indicate overstocking or slow sales. Conversely, in Q2 2022, the lowest DOH of 57.55 days implies more efficient inventory management and quicker sales turnover.

The trend indicates a fluctuating pattern in DOH over the quarters, with peaks and troughs observed. Analyzing the reasons behind these fluctuations could provide insights into the company's inventory management practices, demand forecasting accuracy, and sales performance.

Overall, Bellring Brands Inc should aim to maintain a balance in inventory levels to avoid excess holding costs while ensuring an adequate supply to meet customer demand efficiently. Evaluating DOH over time can help identify areas for improvement and optimize inventory management strategies for future periods.