Bellring Brands LLC (BRBR)

Working capital 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 current assets	US$ in thousands	464,800	424,200	450,200	497,000	454,000	421,300	423,100	359,500	297,600	388,100	371,900	307,900	324,600	290,200	290,600	349,500	288,100
Total current liabilities	US$ in thousands	162,500	150,200	167,800	157,000	149,100	143,500	177,000	130,600	145,700	251,300	264,400	199,200	138,300	153,100	127,100	128,000	107,400
Working capital turnover		5.74	6.08	5.57	4.41	4.68	4.94	5.41	5.70	8.37	9.12	11.07	9.67	5.51	7.21

December 31, 2023 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $1,734,500K ÷ ($464,800K – $162,500K)
= 5.74

The working capital turnover of Bellring Brands Inc has shown fluctuations over the past eight quarters, ranging from a low of 4.41 in Q2 2023 to a high of 6.08 in Q4 2023. This ratio measures how efficiently the company is utilizing its working capital to generate sales revenue. A higher working capital turnover indicates that the company is effectively using its current assets to support its sales activities.

In general, Bellring Brands Inc has maintained a relatively healthy working capital turnover ratio above 5. This demonstrates that the company is efficiently managing its working capital to drive its sales revenue. However, the fluctuations in the ratio over the quarters may indicate changes in the company's working capital management practices or sales performance.

Overall, a consistent focus on maintaining a strong working capital turnover ratio is crucial for Bellring Brands Inc to optimize its operational efficiency and financial performance. This metric provides insight into how well the company is utilizing its current assets to generate revenue and can be used to assess its overall liquidity and efficiency in managing working capital.