Bellring Brands LLC (BRBR)

Receivables turnover

		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	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019
Revenue (ttm)	US$ in thousands	1,996,200	1,913,000	1,843,500	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	220,400	230,700	229,400	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		9.06	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

September 30, 2024 calculation

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

The receivables turnover ratio for Bellring Brands LLC has shown fluctuations over the past several periods. The ratio indicates how efficiently the company is able to collect outstanding receivables from its customers during a given period. A higher receivables turnover ratio is generally favorable as it suggests that the company is collecting its accounts receivable more quickly.

Based on the data provided, the receivables turnover ratio ranged from 7.73 to 12.00 over the past eight quarters. The ratio was relatively stable around the 9 to 10 range for most periods, indicating consistent collection efficiency. However, there were significant fluctuations, such as the peak of 12.00 in December 2022 and the lowest point of 7.73 in March 2023.

The downward trend in the ratio from March 2023 to March 2024 suggests potential issues with collecting receivables efficiently during those periods. This could indicate challenges in managing credit policies, customer payment terms, or potential liquidity issues for customers impacting their ability to pay promptly.

It is important for Bellring Brands LLC to closely monitor and analyze the receivables turnover ratio to ensure a healthy balance between sales and collections. Consistent efforts to improve collection processes, credit policies, and customer relationships may help in stabilizing and potentially increasing the receivables turnover ratio in the future.