Bellring Brands LLC (BRBR)

Fixed asset turnover

		Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Revenue	US$ in thousands	1,996,200	1,666,800	1,371,500	1,247,100	988,300
Property, plant and equipment	US$ in thousands	9,200	8,500	8,000	8,900	10,200
Fixed asset turnover		216.98	196.09	171.44	140.12	96.89

September 30, 2024 calculation

Fixed asset turnover = Revenue ÷ Property, plant and equipment
= $1,996,200K ÷ $9,200K
= 216.98

Bellring Brands LLC's fixed asset turnover has been showing a consistent upward trend over the past five years, indicating an improvement in the company's efficiency in generating sales from its fixed assets. The ratio has increased from 96.89 in 2020 to 216.98 in 2024, reflecting a significant enhancement in utilizing its fixed assets to generate revenue.

A higher fixed asset turnover ratio suggests that the company is more efficient in utilizing its fixed assets to generate sales revenue. This could imply that Bellring Brands LLC has been able to increase its operational efficiency, streamline its production processes, or implement effective asset management strategies.

Overall, the increasing trend in fixed asset turnover is positive for Bellring Brands LLC as it indicates improved asset utilization and operational efficiency, which could potentially lead to higher profitability and shareholder value in the long run.