Bellring Brands LLC (BRBR)

Total asset 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
Total assets	US$ in thousands	837,000	804,100	765,000	715,500	691,600	722,400	772,500	735,000	707,200	715,100	657,700	600,600	696,500	685,400	639,300	680,800	653,500	659,900	725,600	670,900
Total asset turnover		2.38	2.38	2.41	2.42	2.41	2.18	1.94	1.94	1.94	1.86	1.98	2.12	1.79	1.74	1.64	1.51	1.51

September 30, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,996,200K ÷ $837,000K
= 2.38

Total asset turnover measures how efficiently a company is using its assets to generate revenue. The trend analysis of Bellring Brands LLC's total asset turnover ratio shows a generally increasing trend over the past few quarters.
From December 2019 to September 2024, the total asset turnover ratio has increased from 1.51 to 2.38, indicating that the company is generating more revenue per dollar of assets invested.
This improvement suggests that Bellring Brands LLC has been managing its assets more effectively and/or increasing its revenue generation capacity over time.
Overall, the increasing trend in total asset turnover is a positive sign of operational efficiency and effective asset utilization within the company.