Bellring Brands LLC (BRBR)

Payables turnover

		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	1,178,100	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	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		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

December 31, 2023 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $1,178,100K ÷ $91,300K
= 12.90

The payables turnover of Bellring Brands Inc has shown fluctuating trends over the past eight quarters. The highest payables turnover was reported in Q1 2024 at 12.90, indicating that the company paid off its suppliers approximately 12.90 times during that quarter. This was followed closely by Q4 2023, where the payables turnover was slightly lower at 12.77.

Prior to that, in Q3 2023, the payables turnover decreased to 11.18, and further dropped to 9.68 in Q2 2023. This could suggest a potential delay in payments to suppliers during those periods.

Looking back to Q1 2023 and Q4 2022, the payables turnover was relatively stable around 10.34 and 10.12, respectively. A notable increase was observed in Q2 2022 with a payables turnover of 10.73, indicating a quicker payment cycle during that quarter.

Overall, the payables turnover ratio of Bellring Brands Inc has shown some variability, with the company displaying different payment behaviors towards its suppliers in different quarters. Further analysis and comparison with industry benchmarks may provide additional insights into the company's payables management efficiency.