Bellring Brands LLC (BRBR)

Receivables 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
Revenue (ttm)	US$ in thousands	1,734,500	1,666,800	1,573,400	1,498,100	1,427,700	1,371,500	1,332,300	1,304,300	1,271,200	1,247,100	1,189,700	1,051,300	1,026,700	988,300
Receivables	US$ in thousands	178,600	168,200	173,800	193,800	182,000	173,300	148,800	132,500	118,200	103,900	131,200	117,400	123,300	83,100	74,900	111,200	94,000
Receivables turnover		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

December 31, 2023 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,734,500K ÷ $178,600K
= 9.71

The receivables turnover ratio for Bellring Brands Inc has been relatively stable over the past eight quarters, averaging around 8.96. This indicates that, on average, the company collects its accounts receivable approximately 8.96 times per year.

The highest receivables turnover ratio was observed in Q4 2023 at 9.91, while the lowest was in Q2 2023 at 7.73. This suggests that the company's ability to collect outstanding receivables efficiently improved towards the end of 2023 compared to earlier quarters.

Overall, a stable and relatively high receivables turnover ratio is generally seen as positive, as it indicates that the company is efficient in collecting payments from its customers. However, it is important for Bellring Brands Inc to continue monitoring this ratio to ensure that it remains consistent and does not significantly deviate from the current trend.