Prestige Brand Holdings Inc (PBH)

Inventory 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
Cost of revenue (ttm)	US$ in thousands	500,909	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	410,787	406,242	404,364	404,931
Inventory	US$ in thousands	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	116,026	121,363	126,362	129,388
Inventory turnover		3.61	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	3.54	3.35	3.20	3.13

March 31, 2024 calculation

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

Prestige Brand Holdings Inc's inventory turnover ratio has fluctuated over the past few quarters. The trend indicates a gradual decrease initially, reaching a low of 3.00 in June 2023 before picking up again. The most recent data as of March 31, 2024, shows an inventory turnover of 3.61, suggesting that the company is able to sell and replace its inventory approximately 3.61 times during the year.

The fluctuation in the inventory turnover ratio could indicate changes in sales volume, inventory management practices, or market demand for the company's products. A higher inventory turnover ratio typically signifies efficient inventory management and indicates that the company is selling its products quickly.

It is important for Prestige Brand Holdings Inc to monitor its inventory turnover ratio consistently to ensure optimal inventory levels and efficient operations. Analyzing this ratio alongside other financial metrics can provide a comprehensive view of the company's performance and efficiency in managing its inventory.