Bellring Brands LLC (BRBR)

Total asset 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
Total assets	US$ in thousands	691,600	707,200	696,500	653,500
Total asset turnover		2.41	1.94	1.79	1.51

September 30, 2023 calculation

Total asset turnover = Revenue ÷ Total assets
= $1,666,800K ÷ $691,600K
= 2.41

Total asset turnover is a measure of a company's efficiency in utilizing its assets to generate revenue. Bellring Brands Inc's total asset turnover has shown a positive trend over the past five years, increasing from 1.44 in 2019 to 2.41 in 2023. This indicates that the company has become more effective in using its assets to generate sales. A higher total asset turnover generally suggests that the company is operating more efficiently and effectively, as it is generating more sales for each dollar invested in assets. This improvement may be attributed to better inventory management, increased productivity, or more effective utilization of fixed assets. Overall, the increase in Bellring Brands Inc's total asset turnover reflects positively on the company's operational efficiency and potentially its financial performance.