Bellring Brands LLC (BRBR)

Return on assets (ROA)

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

September 30, 2023 calculation

ROA = Net income ÷ Total assets
= $165,500K ÷ $691,600K
= 23.93%

Bellring Brands Inc's return on assets (ROA) has shown significant fluctuations over the past five years. In 2019, the ROA stood at 20.71%, indicating a strong performance, which then declined to 3.60% in 2020. However, there was a notable recovery in 2021, with the ROA climbing to 3.96%. Subsequently, there was a substantial improvement in 2022, as the ROA rose to 11.64%. The most recent data for Sep 30, 2023, indicates a remarkable ROA of 23.93%, suggesting a substantial increase in the company's efficiency in generating profits relative to its asset base. This trend may indicate improving operational efficiency, cost management, or asset utilization within the company. However, analysts should conduct further research to understand the specific factors driving these fluctuations and to assess the sustainability of this recent upturn.