Bellring Brands LLC (BRBR)
Total asset 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 |
| Total assets | US$ in thousands | 837,000 | 691,600 | 707,200 | 696,500 | 653,500 |
| Total asset turnover | 2.38 | 2.41 | 1.94 | 1.79 | 1.51 |
September 30, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,996,200K ÷ $837,000K
= 2.38
The total asset turnover for Bellring Brands LLC has shown a consistent upward trend over the past 5 years. It increased from 1.51 in 2020 to 2.38 in 2024. This indicates that the company is generating more revenue relative to its total assets each year. A higher total asset turnover ratio suggests that the company is operating more efficiently and effectively utilizing its assets to generate sales. Overall, the increasing trend in total asset turnover reflects positively on Bellring Brands LLC's operational performance and efficiency in utilizing its assets to drive revenue growth.
Peer comparison
Sep 30, 2024