Bellring Brands LLC (BRBR)

Return on total capital

		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
Earnings before interest and tax (EBIT) (ttm)	US$ in thousands	387,700	353,700	318,100	285,100	287,300	270,300	261,800	216,800	161,100	122,300	77,200	76,400	79,600	80,800	78,100	86,600	87,400
Long-term debt	US$ in thousands	833,100	832,700	832,400	832,100	856,800	910,500	970,100	944,800	929,500	914,200	938,800	473,400	481,200	490,700	539,600	635,100	622,600	683,900	756,400	723,800
Total stockholders’ equity	US$ in thousands	-205,900	-243,200	-247,700	-286,900	-323,500	-364,700	-363,100	-370,300	-376,200	-389,600	-428,800	-2,827,800	-3,062,800	-3,155,000	-2,435,200	-2,499,700	-2,182,600	-2,136,700	-1,863,200	-2,278,200
Return on total capital		61.81%	60.00%	54.40%	52.29%	53.87%	49.52%	43.13%	37.74%	29.12%	23.31%	15.14%	—	—	—	—	—	—

September 30, 2024 calculation

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

Bellring Brands LLC has shown a consistently strong performance in generating returns on total capital over the recent quarters. The return on total capital has generally been increasing, reaching a high of 61.81% in the latest quarter, demonstrating efficient utilization of both debt and equity financing to generate profits. This trend signifies that the company is effectively utilizing its capital to generate returns for its stakeholders. The company's ability to maintain a high and increasing return on total capital ratio indicates efficient capital management and effective operational performance.