Bellring Brands LLC (BRBR)

Inventory turnover

		Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Cost of revenue	US$ in thousands	1,136,600	949,700	860,900	650,300
Inventory	US$ in thousands	194,300	199,800	117,900	150,500
Inventory turnover		5.85	4.75	7.30	4.32

September 30, 2023 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $1,136,600K ÷ $194,300K
= 5.85

The inventory turnover of Bellring Brands Inc has exhibited variations over the past five years. In 2023, the inventory turnover increased to 5.85 from 4.75 in 2022, indicating improved efficiency in managing inventory. This suggests that the company sold and replaced its inventory 5.85 times during the year, reflecting a quicker turnover than in the previous year. Comparing this to 2021, where the inventory turnover was 7.30, 2023's performance lags behind, indicating a slight decrease in efficiency relative to the preceding year. However, the recent inventory turnover remains higher than in 2020 and 2019, indicating a favorable trend in inventory management. Overall, while the inventory turnover has fluctuated, the latest figure indicates relatively efficient management of inventory for the year 2023.