Bellring Brands LLC (BRBR)

Return on total capital

		Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Earnings before interest and tax (EBIT)	US$ in thousands	387,700	287,300	161,100	79,600	87,400
Long-term debt	US$ in thousands	833,100	856,800	929,500	481,200	622,600
Total stockholders’ equity	US$ in thousands	-205,900	-323,500	-376,200	-3,062,800	-2,182,600
Return on total capital		61.81%	53.87%	29.12%	—	—

September 30, 2024 calculation

Return on total capital = EBIT ÷ (Long-term debt + Total stockholders’ equity)
= $387,700K ÷ ($833,100K + $-205,900K)
= 61.81%

The return on total capital for Bellring Brands LLC has exhibited a positive trend over the years, increasing from 29.12% in 2022 to 53.87% in 2023, and further to 61.81% in 2024. This indicates that the company is effectively generating returns from the total capital employed in its operations. The significant improvement in return on total capital suggests that Bellring Brands LLC is efficiently utilizing its capital to generate profits for its shareholders. While the absence of data for 2021 and 2020 limits a comprehensive trend analysis, the consistent upward trend in recent years is a positive indicator of the company's financial performance and operational efficiency.