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.