Bellring Brands LLC (BRBR)

Return on assets (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
Net income (ttm)	US$ in thousands	246,500	220,900	191,500	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	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
ROA		29.45%	27.47%	25.03%	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%

September 30, 2024 calculation

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

Bellring Brands LLC has shown a positive trend in its return on assets (ROA) over the past eight quarters. The ROA has consistently increased from 3.60% in Q4 2019 to 29.45% in Q3 2024, indicating an improvement in the company's ability to generate profits relative to its total assets.

This upward trend in ROA signals that Bellring Brands LLC has been effectively utilizing its assets to generate profits. The substantial increase from 16.10% in Q4 2022 to 29.45% in Q3 2024 demonstrates a significant enhancement in operational efficiency and profitability.

The consistent growth in ROA over the quarters reflects positively on Bellring Brands LLC's management of assets and overall financial performance. Investors and stakeholders may view this improving trend as a favorable sign of the company's financial health and profitability.