Bellring Brands LLC (BRBR)

Number of days of payables

		Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Payables turnover		12.77	10.12	9.37	11.47
Number of days of payables	days	28.58	36.05	38.96	31.82

September 30, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 12.77
= 28.58

The number of days of payables for Bellring Brands Inc has shown a decreasing trend over the past five years. As of September 30, 2023, the company's number of days of payables stands at 28.58 days, down from 36.05 days in 2022 and 38.96 days in 2021. This indicates that the company is taking fewer days to pay its suppliers and vendors, potentially signaling improved liquidity or more efficient management of its trade credit terms. The downward trend in the number of days of payables suggests that the company may be managing its working capital more effectively, which could have positive implications for its cash flow and overall financial performance. However, it's important to consider the reasons behind the changes and monitor the trend over time to fully assess its impact on the company's operations and financial health.