Bellring Brands LLC (BRBR)

Total asset turnover

		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	1,734,500	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	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		2.42	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

December 31, 2023 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,734,500K ÷ $715,500K
= 2.42

Bellring Brands Inc's total asset turnover has shown a relatively stable trend over the past eight quarters, ranging from 1.86 to 2.42. The total asset turnover ratio measures the efficiency with which the company is utilizing its assets to generate revenue. A higher total asset turnover indicates that the company is generating more revenue per dollar of assets.

In this case, Bellring Brands Inc has shown an increasing trend in total asset turnover in recent quarters, peaking at 2.42 in Q1 2024. This indicates that the company has been able to increase its revenue in relation to its total assets over this period.

Overall, an upward trend in total asset turnover is generally seen as positive, as it suggests that the company is effectively managing its assets to drive revenue growth. However, it is important to consider other factors such as industry benchmarks and the company's specific business model when interpreting this ratio in isolation.