Bellring Brands LLC (BRBR)

Receivables turnover

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

September 30, 2023 calculation

Receivables turnover = Revenue ÷ Receivables
= $1,666,800K ÷ $168,200K
= 9.91

The receivables turnover ratio measures how efficiently a company is collecting payments from its customers. Bellring Brands Inc's receivables turnover has fluctuated over the past five years, indicating changes in the company's ability to collect on its credit sales.

In 2023, the receivables turnover ratio increased to 9.91, indicating a faster collection of receivables compared to the previous year. This may suggest improved credit management or more prompt payment from customers.

In 2022, the receivables turnover ratio was 7.91, signifying a slight decrease in the speed of receivables collection compared to the prior year. This could indicate a longer average collection period or potential issues with credit policies.

In 2021, the receivables turnover ratio was notably high at 12.00, reflecting a very efficient collection process. This may indicate strong credit control and timely customer payments.

In 2020 and 2019, the receivables turnover ratios were 11.89 and 12.49, respectively, suggesting consistent efficiency in collecting receivables over those years.

Overall, Bellring Brands Inc's receivables turnover ratios have demonstrated variability, with the company achieving high efficiency in 2021, and improvements in 2023 compared to 2022. These fluctuations should be further investigated to understand the underlying reasons behind the changes in the receivables turnover performance.