Bellring Brands LLC (BRBR)

Fixed asset turnover

		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	1,734,500	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	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		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

December 31, 2023 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,734,500K ÷ $8,600K
= 201.69

Bellring Brands Inc's fixed asset turnover has shown a consistent increasing trend over the past several quarters. The ratios have ranged from 146.55 to 201.69, indicating the company has been utilizing its fixed assets more efficiently to generate revenue. This increase in fixed asset turnover suggests that Bellring Brands Inc is generating more revenue per dollar invested in its fixed assets.

A higher fixed asset turnover ratio is generally seen as favorable, as it indicates that the company is effectively using its fixed assets to generate sales. This efficiency can lead to improved profitability and overall financial performance.

It is important to note that while a high fixed asset turnover ratio is positive, it should also be considered in conjunction with other financial metrics to provide a comprehensive analysis of the company's operational and financial performance.