Bellring Brands LLC (BRBR)

Activity ratios

Short-term

Turnover ratios

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
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
Receivables turnover 9.06 8.29 8.04 9.71 9.91 9.05 7.73 7.84 7.91 8.95 9.84 10.75 12.00 9.07 8.95 8.33 11.89
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
Working capital turnover 5.13 5.52 5.42 5.74 6.08 5.57 4.41 4.68 4.94 5.41 5.70 8.37 9.12 11.07 9.67 5.51 7.21

The activity ratios of Bellring Brands LLC for the period reflect the efficiency of the company in managing its inventory, receivables, payables, and working capital.

1. Inventory turnover: The inventory turnover ratio indicates how many times the company's inventory is sold and replaced during the period. The trend shows a fluctuating but overall steady improvement in inventory turnover from 2020 to 2024, implying better control over inventory management and potentially reduced carrying costs.

2. Receivables turnover: This ratio measures how efficiently the company collects cash from its credit sales. Bellring Brands' receivables turnover ratio has been consistently high over the years, indicating a relatively efficient collection process and effective credit management.

3. Payables turnover: The payables turnover ratio assesses how quickly the company pays its suppliers. Bellring Brands' payables turnover has shown fluctuations but generally indicates a good relationship with suppliers and efficient management of payment terms.

4. Working capital turnover: This ratio reflects how effectively the company utilizes its working capital to generate sales. The trend indicates fluctuations over the years, with a spike in 2021 followed by a subsequent decrease. Overall, the company has been using its working capital efficiently to generate revenue.

In conclusion, Bellring Brands LLC has shown commendable efficiency in managing its inventory, receivables, payables, and working capital, as indicated by the activity ratios. Consistent improvements in these ratios reflect the company's efforts in optimizing its operational and financial processes.

Average number of days

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
Days of inventory on hand (DOH) days 81.02 69.13 57.14 58.12 62.40 80.11 95.32 79.51 76.79 88.80 57.55 53.72 49.99 63.88 75.77 72.35 84.47
Days of sales outstanding (DSO) days 40.30 44.02 45.42 37.58 36.83 40.32 47.22 46.53 46.12 40.77 37.08 33.94 30.41 40.25 40.76 43.83 30.69
Number of days of payables days 34.27 33.11 30.00 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

Days of inventory on hand (DOH) measure how efficiently a company manages its inventory. A higher number of days indicates that Bellring Brands LLC holds its inventory for a longer period before selling it. Over the period in question, the DOH has fluctuated, reaching a peak of 95.32 days in March 2023 and a low of 49.99 days in December 2021.

Days of sales outstanding (DSO) reflect how quickly the company collects its outstanding accounts receivable. A lower DSO suggests that Bellring Brands LLC is efficient in collecting payments from customers. The DSO has varied, with the lowest value of 30.41 days in December 2021 and the highest value of 47.22 days in March 2023.

Number of days of payables indicates how long it takes for the company to pay its suppliers. A higher number of days suggests that Bellring Brands LLC takes longer to settle its payables. The trend in payables days has been inconsistent, with fluctuations observed throughout the periods under review.

In summary, the company's activity ratios exhibit fluctuations, indicating variability in inventory management, accounts receivable collection, and accounts payable payment. Further analysis of trends and industry benchmarks may help in assessing the effectiveness of Bellring Brands LLC's operational efficiency.

Long-term

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
Fixed asset turnover 216.98 233.29 216.88 201.69 196.09 189.57 180.49 167.96 171.44 160.52 146.55 139.69 140.12 136.75 118.12 105.85 96.89
Total asset turnover 2.38 2.38 2.41 2.42 2.41 2.18 1.94 1.94 1.94 1.86 1.98 2.12 1.79 1.74 1.64 1.51 1.51

Bellring Brands LLC has shown consistent performance in terms of its long-term activity ratios over the past several quarters. The fixed asset turnover ratio has been gradually increasing, indicating that the company is generating more revenue from its fixed assets. This suggests efficient utilization of its long-term assets to generate sales.

Furthermore, the total asset turnover ratio has also remained relatively stable, indicating that the company is effectively using its total assets to generate sales. This consistency in total asset turnover ratio reflects the company's ability to efficiently generate revenue relative to its total assets.

Overall, Bellring Brands LLC's long-term activity ratios suggest effective management of its assets to drive sales growth and maximize efficiency in utilizing both fixed and total assets.