Bellring Brands LLC (BRBR)

Operating return on assets (Operating ROA)

		Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Operating income	US$ in thousands	387,700	287,300	212,400	168,000	164,000
Total assets	US$ in thousands	837,000	691,600	707,200	696,500	653,500
Operating ROA		46.32%	41.54%	30.03%	24.12%	25.10%

September 30, 2024 calculation

Operating ROA = Operating income ÷ Total assets
= $387,700K ÷ $837,000K
= 46.32%

Bellring Brands LLC has shown a consistent improvement in its operating return on assets (operating ROA) over the five-year period from September 30, 2020, to September 30, 2024. The operating ROA increased from 25.10% in 2020 to 46.32% in 2024, indicating the company's enhanced efficiency in generating operating income relative to its total assets.

This improvement demonstrates the company's ability to effectively utilize its assets to generate operating profits. The upward trend in the operating ROA suggests that Bellring Brands LLC has been successful in optimizing its asset utilization and operational efficiency over the years.

The significant increase in operating ROA from 2020 to 2024 reflects the company's effective management of assets and operations, resulting in higher profitability. This positive trend indicates the company's improved financial performance and suggests a favorable outlook for its operational efficiency and ability to generate profits from its assets in the future.