Bellring Brands LLC (BRBR)

Operating return on assets (Operating ROA)

		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	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019
Operating income (ttm)	US$ in thousands	387,700	353,700	318,100	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	837,000	804,100	765,000	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		46.32%	43.99%	41.58%	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%

September 30, 2024 calculation

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

Bellring Brands LLC's operating return on assets (operating ROA) has shown a generally increasing trend over the past several quarters, indicative of improved operational efficiency and utilization of assets to generate earnings. The operating ROA has increased from 25.10% in December 2019 to 46.32% in September 2024, reflecting a significant growth in profitability relative to the assets deployed.

The company's ability to generate operating income from its assets has been steadily improving, reaching a peak of 46.32% in the latest quarter. This suggests that Bellring Brands has been efficient in managing its operations and utilizing its assets to generate profits.

The consistent improvement in operating ROA indicates that the company has been successful in enhancing its operational performance, which could be attributed to effective cost management, revenue growth, or a combination of both. This trend bodes well for the company's financial health and its ability to generate returns for its stakeholders.

Overall, the increasing trend in Bellring Brands LLC's operating ROA signifies a positive development in its operational efficiency and profitability, reflecting well on the management's ability to effectively utilize assets to generate earnings.