Bellring Brands LLC (BRBR)

Receivables turnover

		Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Revenue	US$ in thousands	1,996,200	1,666,800	1,371,500	1,247,100	988,300
Receivables	US$ in thousands	220,400	168,200	173,300	103,900	83,100
Receivables turnover		9.06	9.91	7.91	12.00	11.89

September 30, 2024 calculation

Receivables turnover = Revenue ÷ Receivables
= $1,996,200K ÷ $220,400K
= 9.06

The receivables turnover ratio for Bellring Brands LLC has shown some fluctuation over the past five years. In 2024, the ratio stands at 9.06, a decrease from 2023 when it was 9.91. This decline suggests that the company took longer to collect its accounts receivable in 2024 compared to the previous year.

When looking at the trend over the five-year period, the receivables turnover ratio was highest in 2021 at 12.00, indicating that the company efficiently collected its receivables that year. The ratio dropped in 2022 to 7.91 but rebounded in 2023 and 2024, though remaining below the 2021 level.

Overall, the receivables turnover ratio fluctuated between 7.91 and 12.00 over the five-year period, indicating some variability in the company's ability to efficiently collect its accounts receivable. Further analysis of the reasons behind these fluctuations and comparison with industry benchmarks could provide additional insights into Bellring Brands LLC's receivables management performance.