Bellring Brands LLC (BRBR)

Return on assets (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
Net income (ttm)	US$ in thousands	165,200	165,500	153,100	147,900	118,300	82,300	58,300	28,700	28,000	27,600	27,900	21,700	25,300	23,500
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
ROA		23.09%	23.93%	21.19%	19.15%	16.10%	11.64%	8.15%	4.36%	4.66%	3.96%	4.07%	3.39%	3.72%	3.60%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $165,200K ÷ $715,500K
= 23.09%

To analyze Bellring Brands Inc's return on assets (ROA) over the past eight quarters, we observe a consistent upward trend from Q2 2022 to Q1 2024. The ROA has steadily increased from 4.36% in Q2 2022 to 23.09% in Q1 2024. This indicates that the company has been generating more profit relative to its total assets over the quarters, reflecting improved efficiency in asset utilization.

The significant improvement in ROA suggests that Bellring Brands Inc has been effectively managing its assets to generate higher returns. This could be due to various factors such as increased sales, cost management strategies, or efficient capital allocation.

Overall, the consistently improving ROA demonstrates the company's ability to generate profit from its assets, indicating a positive trend in its financial performance and operational efficiency.