Bellring Brands LLC (BRBR)

Return on assets (ROA)

		Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Net income	US$ in thousands	246,500	165,500	82,300	27,600	23,500
Total assets	US$ in thousands	837,000	691,600	707,200	696,500	653,500
ROA		29.45%	23.93%	11.64%	3.96%	3.60%

September 30, 2024 calculation

ROA = Net income ÷ Total assets
= $246,500K ÷ $837,000K
= 29.45%

Bellring Brands LLC has shown a consistent improvement in its return on assets (ROA) over the past five years. The ROA has steadily increased from 3.60% in 2020 to 29.45% in 2024, indicating a strong operational performance and effective utilization of assets to generate profits. This upward trend suggests that the company has been able to enhance its efficiency in generating earnings relative to the total assets employed.

The significant improvement in ROA over the years demonstrates the company's ability to extract higher returns from its asset base, reflecting favorable management of assets and effective allocation of resources. This upward trajectory indicates positive growth prospects and efficiency in the company's operations, which could potentially lead to increased shareholder value and sustainable profitability in the future.