Prestige Brand Holdings Inc (PBH)

Fixed asset turnover

		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	Sep 30, 2019	Jun 30, 2019
Revenue (ttm)	US$ in thousands	1,125,357	1,134,235	1,127,018	1,129,975	1,127,725	1,108,792	1,107,738	1,094,690	1,086,812	1,057,637	1,021,955	983,152	943,365	956,839	959,603	960,250	963,010	952,801	952,663	953,951
Property, plant and equipment	US$ in thousands	76,507	70,356	70,700	69,979	70,412	69,569	69,947	70,393	71,300	69,808	70,021	69,825	70,059	68,620	65,161	58,325	55,988	53,233	52,500	51,387
Fixed asset turnover		14.71	16.12	15.94	16.15	16.02	15.94	15.84	15.55	15.24	15.15	14.59	14.08	13.47	13.94	14.73	16.46	17.20	17.90	18.15	18.56

March 31, 2024 calculation

Fixed asset turnover = Revenue (ttm) ÷ Property, plant and equipment
= $1,125,357K ÷ $76,507K
= 14.71

The fixed asset turnover for Prestige Brand Holdings Inc has displayed a fluctuating trend over the past few quarters. The ratio peaked at 18.56 in Dec 2019 but has since shown a decreasing trend, reaching its lowest point at 13.47 in Mar 2021. More recently, the ratio has slightly improved, ranging between 14.71 and 16.15 in the most recent quarters.

A fixed asset turnover ratio of over 15 indicates that the company is efficient in generating sales revenue from its fixed assets. While the recent ratios are lower than the previous peaks, they still suggest that Prestige Brand Holdings Inc is effectively utilizing its fixed assets to generate sales.

It is crucial for the company to monitor and potentially improve its fixed asset turnover ratio to ensure continued efficiency in utilizing its assets for revenue generation. Further analysis of the underlying factors influencing the fluctuations in this ratio may provide insights into potential areas for operational and financial optimization.