Bellring Brands LLC (BRBR)

Inventory 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
Cost of revenue (ttm)	US$ in thousands	1,288,900	1,255,500	1,239,900	1,178,100	1,136,600	1,076,200	1,016,700	976,400	949,700	936,800	917,700	884,600	860,900	809,700	713,900	688,100	650,300
Inventory	US$ in thousands	286,100	237,800	194,100	187,600	194,300	236,200	265,500	212,700	199,800	227,900	144,700	130,200	117,900	141,700	148,200	136,400	150,500	184,600	151,200	150,200
Inventory turnover		4.51	5.28	6.39	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

September 30, 2024 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $1,288,900K ÷ $286,100K
= 4.51

The inventory turnover ratio for Bellring Brands LLC has shown fluctuations over the past few years. The ratio indicates how many times the company's inventory is sold and replaced during a certain period.

Looking at the data, we observe that the inventory turnover has generally been within a moderate range, with values ranging from 3.83 to 7.30. Higher values suggest that the company is managing its inventory efficiently and quickly converting it into sales.

In analyzing the trend, we see that there are periods of both increases and decreases in the inventory turnover ratio. For example, there was an upward trend from March 2022 to June 2023, indicating an improvement in inventory management during that period. However, the ratio dipped slightly in the subsequent quarters.

Overall, the inventory turnover ratio for Bellring Brands LLC reflects a satisfactory level of efficiency in managing its inventory, but it is essential for the company to monitor and potentially optimize its inventory management processes to ensure consistent and healthy turnover ratios.