Prestige Brand Holdings Inc (PBH)

Inventory turnover

Mar 31, 2025 Dec 31, 2024 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
Cost of revenue (ttm) US$ in thousands 503,299 513,112 508,647 508,777 506,592 507,840 508,159 510,127 502,431 488,400 482,688 472,937 466,166 448,797 429,288 410,536 395,893 402,513 406,669 408,226
Inventory US$ in thousands 147,709 151,516 156,225 152,040 138,717 148,637 161,283 169,849 162,121 158,522 140,505 133,768 120,342 106,273 107,918 105,546 114,959 117,011 114,026 116,811
Inventory turnover 3.41 3.39 3.26 3.35 3.65 3.42 3.15 3.00 3.10 3.08 3.44 3.54 3.87 4.22 3.98 3.89 3.44 3.44 3.57 3.49

March 31, 2025 calculation

Inventory turnover = Cost of revenue (ttm) ÷ Inventory
= $503,299K ÷ $147,709K
= 3.41

Prestige Brand Holdings Inc's inventory turnover ratio has exhibited fluctuations over the past few years, ranging from a low of 3.00 to a high of 4.22. The inventory turnover ratio measures how efficiently the company manages its inventory by indicating the number of times inventory is sold and replaced during a specific period.

From June 2020 to June 2021, there was a general upward trend in inventory turnover, reaching a peak of 4.22 in December 2021, indicating an improvement in the efficiency of inventory management during this period. However, from March 2022 onwards, the inventory turnover ratio started to decline, reaching a low of 3.00 by June 2023, before showing slight improvement in subsequent periods.

The fluctuations in the inventory turnover ratio may be influenced by various factors such as changes in demand for products, inventory management practices, or supply chain disruptions. It is essential for the company to closely monitor its inventory turnover and assess the underlying reasons for these fluctuations to optimize its inventory management and enhance operational efficiency.