Bellring Brands LLC (BRBR)

Operating return on assets (Operating ROA)

		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
Operating income (ttm)	US$ in thousands	285,100	287,300	270,300	261,800	237,000	212,400	204,400	188,400	170,800	168,000	163,900	143,000	162,500	164,000
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
Operating ROA		39.85%	41.54%	37.42%	33.89%	32.24%	30.03%	28.58%	28.65%	28.44%	24.12%	23.91%	22.37%	23.87%	25.10%

December 31, 2023 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $285,100K ÷ $715,500K
= 39.85%

Bellring Brands Inc has consistently shown strong performance in terms of operating return on assets (ROA) over the past eight quarters. The operating ROA has increased from 28.65% in Q2 2022 to 39.85% in Q1 2024, indicating a positive trend in the company's ability to generate operating income from its assets. This improvement suggests that Bellring Brands Inc has been effectively utilizing its assets to generate operating profits. Furthermore, the operating ROA has been consistently above 30% since Q1 2023, indicating sustained profitability and efficiency in the company's operations. Overall, the trend in operating ROA reflects Bellring Brands Inc's strong operational performance and efficient asset management practices.