Bellring Brands LLC (BRBR)

Liquidity ratios

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
Current ratio 2.91 2.67 2.97 2.86 2.82 2.68 3.17 3.04 2.94 2.39 2.75 2.04 1.54 1.41 1.55 2.35 1.90 2.29 2.73 2.68
Quick ratio 1.43 1.46 1.78 1.62 1.44 1.19 1.40 1.52 1.46 1.04 1.55 1.02 1.02 0.83 0.76 1.26 0.86 0.77 1.47 1.15
Cash ratio 0.35 0.35 0.46 0.52 0.32 0.16 0.16 0.29 0.25 0.20 0.53 0.21 0.61 0.34 0.17 0.37 0.32 0.18 0.60 0.28

Bellring Brands LLC has shown relatively strong liquidity levels in recent quarters based on its current, quick, and cash ratios. The current ratio has been consistently above 2, indicating that the company has more than enough current assets to cover its current liabilities. This suggests that Bellring Brands LLC has a strong ability to meet its short-term obligations.

Similarly, the quick ratio has also been above 1 in most quarters, reflecting the company's ability to meet its short-term liabilities without relying on inventory. This ratio provides a more conservative measure of liquidity compared to the current ratio.

The cash ratio, which measures the company's ability to cover its current liabilities using only cash and cash equivalents, has also demonstrated a generally healthy trend across the quarters, staying above 0.3 for most periods. This indicates that Bellring Brands LLC has a solid cash position compared to its current liabilities.

Overall, the liquidity ratios of Bellring Brands LLC paint a picture of a company with strong short-term financial health and the ability to navigate through potential liquidity challenges.

Additional liquidity measure

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
Cash conversion cycle days 87.05 80.04 72.56 67.42 70.65 87.77 104.84 90.75 86.86 83.82 60.63 57.75 41.43 54.99 70.01 79.80 83.34

The cash conversion cycle of Bellring Brands LLC has shown fluctuations over the past several quarters. The cash conversion cycle represents the time it takes for a company to convert its resources invested in inventory into cash flows from sales.

Analyzing the data provided, we can see that the cash conversion cycle was relatively stable around 80-90 days in the last few quarters, except for a notable increase in the cycle during the first quarter of 2023 reaching 104.84 days. This could indicate less efficiency in managing inventory, collection of receivables, or payment of payables during that period.

The company managed to significantly improve its cash conversion cycle in the following quarters, most notably in the last few quarters of 2022 and the first quarter of 2023 where it decreased to around 60-70 days. This improvement suggests better inventory management and quicker conversion of sales into cash during these periods.

Overall, Bellring Brands LLC should continue to monitor its cash conversion cycle closely to ensure efficient management of working capital and strive for consistent performance to support liquidity and operational efficiency.