Bellring Brands LLC (BRBR)

Number of days of payables

		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
Payables turnover		12.90	12.77	11.18	9.68	10.34	10.12	7.98	10.73	12.20	9.37	7.43	7.85	10.03	11.47
Number of days of payables	days	28.29	28.58	32.66	37.70	35.29	36.05	45.74	34.01	29.91	38.96	49.14	46.53	36.39	31.82

December 31, 2023 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 12.90
= 28.29

Bellring Brands Inc's number of days of payables has shown some variation in recent quarters. In Q1 2024, the company had an average payment period of approximately 28.29 days, which was slightly lower than the previous quarter at 28.58 days in Q4 2023. However, this figure was still relatively consistent compared to Q3 2023, where the number of days of payables was 32.66 days.

Looking further back, we observe a downward trend in the company's payment period from Q2 2023 (37.70 days) to Q1 2023 (35.29 days) and Q4 2022 (36.05 days). This suggests a potential improvement in the efficiency of managing payables during that period.

It is notable that in earlier quarters such as Q3 2022 (45.74 days) and Q2 2022 (34.01 days), the number of days of payables fluctuated more significantly. This fluctuation may indicate changes in the company's payment policies or vendor relationships during those periods.

Overall, the trend in Bellring Brands Inc's number of days of payables indicates some variability, with fluctuations in payment periods occurring over different quarters. This metric is important as it reflects the company's ability to effectively manage its cash flow and working capital by delaying payments to suppliers.