Prestige Brand Holdings Inc (PBH)

Inventory turnover

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Cost of revenue	US$ in thousands	500,909	502,431	466,166	395,893	410,787
Inventory	US$ in thousands	138,717	162,121	120,342	114,959	116,026
Inventory turnover		3.61	3.10	3.87	3.44	3.54

March 31, 2024 calculation

Inventory turnover = Cost of revenue ÷ Inventory
= $500,909K ÷ $138,717K
= 3.61

The inventory turnover ratio for Prestige Brand Holdings Inc has exhibited fluctuations over the past five years. In the most recent fiscal year as of March 31, 2024, the inventory turnover ratio stood at 3.61, indicating that the company's inventory was turned over approximately 3.61 times during the year. This represents an improvement compared to the previous year's ratio of 3.10.

Looking back over the five-year period, it is evident that in fiscal year 2022, the company experienced a relatively high inventory turnover ratio of 3.87, which suggests efficient management of inventory levels. However, this ratio declined slightly in fiscal year 2021 to 3.44 before increasing again in fiscal year 2023 to 3.54.

Overall, while there have been fluctuations in the inventory turnover ratio, Prestige Brand Holdings Inc generally maintains a moderate level of inventory turnover, which indicates reasonably effective management of inventory levels and the company's ability to sell its products efficiently.