Bellring Brands LLC (BRBR)

Fixed asset turnover

		Sep 30, 2024	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 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019
Revenue (ttm)	US$ in thousands	1,996,200	1,913,000	1,843,500	1,734,500	1,666,800	1,573,400	1,498,100	1,427,700	1,371,500	1,332,300	1,304,300	1,271,200	1,247,100	1,189,700	1,051,300	1,026,700	988,300
Property, plant and equipment	US$ in thousands	9,200	8,200	8,500	8,600	8,500	8,300	8,300	8,500	8,000	8,300	8,900	9,100	8,900	8,700	8,900	9,700	10,200	9,900	10,300	10,600
Fixed asset turnover		216.98	233.29	216.88	201.69	196.09	189.57	180.49	167.96	171.44	160.52	146.55	139.69	140.12	136.75	118.12	105.85	96.89

September 30, 2024 calculation

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

Bellring Brands LLC's fixed asset turnover has shown a positive trend over the past few quarters, indicating an improvement in the company's efficiency in generating sales from its fixed assets. The ratio has steadily increased from 96.89 in December 2019 to 233.29 in June 2024. This suggests that the company is utilizing its fixed assets more effectively to drive revenue growth. A higher fixed asset turnover ratio generally indicates better operational performance and resource utilization. However, it is important to consider other factors in conjunction with this ratio to gain a comprehensive understanding of the company's financial health and operational efficiency.