Bellring Brands LLC (BRBR)

Payables 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
Payables	US$ in thousands	121,000	113,900	101,900	91,300	89,000	96,300	105,000	94,400	93,800	117,400	85,500	72,500	91,900	109,000	91,000	68,600	56,700	63,700	56,500	46,500
Payables turnover		10.65	11.02	12.17	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

September 30, 2024 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,288,900K ÷ $121,000K
= 10.65

Bellring Brands LLC's payables turnover ratio has shown fluctuations over the past years. The ratio peaked at 12.90 in December 2023 before slightly decreasing in the following periods. A higher payables turnover ratio generally indicates that the company is managing its accounts payable effectively by paying off its suppliers more quickly.

The company's payables turnover ratio has generally been above 10, suggesting that Bellring Brands is efficient in managing its trade payables. However, the ratio dipped to 7.98 in June 2022 and 7.43 in March 2021, which may indicate delays in paying suppliers during those periods.

Overall, Bellring Brands' payables turnover ratio demonstrates a consistent effort to efficiently manage its trade payables over the years, which is a positive indicator of the company's liquidity and ability to meet its short-term obligations.