Prestige Brand Holdings Inc (PBH)

Days of inventory on hand (DOH)

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Inventory turnover		3.61	3.10	3.87	3.44	3.54
DOH	days	101.08	117.78	94.23	105.99	103.09

March 31, 2024 calculation

DOH = 365 ÷ Inventory turnover
= 365 ÷ 3.61
= 101.08

The days of inventory on hand (DOH) for Prestige Brand Holdings Inc have fluctuated over the past five years. In the fiscal year ending March 31, 2024, the DOH was 101.08 days, showing a decrease from the previous year's 117.78 days. This decline suggests that the company may have improved its inventory management efficiency, as it took fewer days to sell its inventory compared to the prior year.

Comparing the DOH to two years ago, in fiscal year 2022, when it was at 94.23 days, we see that it has increased. This suggests that there may have been challenges in managing inventory effectively in the past year. However, the current DOH is lower than the figures for fiscal years 2021 and 2020, indicating that the company's inventory turnover has improved over the long term.

Overall, while there have been fluctuations in Prestige Brand Holdings Inc's DOH over the past five years, the recent decrease from the previous year reflects potential improvements in inventory management efficiency. Further analysis of operational strategies and market conditions may provide insights into the company's inventory management performance.