Bellring Brands LLC (BRBR)

Working capital 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 current assets	US$ in thousands	592,700	424,200	421,300	388,100	290,200
Total current liabilities	US$ in thousands	203,700	150,200	143,500	251,300	153,100
Working capital turnover		5.13	6.08	4.94	9.12	7.21

September 30, 2024 calculation

Working capital turnover = Revenue ÷ (Total current assets – Total current liabilities)
= $1,996,200K ÷ ($592,700K – $203,700K)
= 5.13

Bellring Brands LLC's working capital turnover has fluctuated over the past five years, ranging from 4.94 in 2022 to a high of 9.12 in 2021. The working capital turnover ratio measures how efficiently a company is using its working capital to generate sales revenue. A higher ratio indicates that the company is effectively utilizing its current assets to generate sales.

In 2024, the working capital turnover ratio decreased to 5.13 from the previous year, suggesting a slight decrease in the efficiency of utilizing working capital to generate sales revenue. However, the ratio remains relatively high, indicating that Bellring Brands LLC is still effectively managing its working capital to support sales activities.

It is important for the company to monitor its working capital turnover ratio consistently to ensure that it maintains efficient utilization of its current assets to drive sales growth and profitability. Overall, the historical trend of the working capital turnover ratio for Bellring Brands LLC indicates a generally efficient use of working capital over the years.