Prestige Brand Holdings Inc (PBH)

Number of days of payables

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Payables turnover		12.85	8.01	8.36	8.61	6.59
Number of days of payables	days	28.40	45.58	43.66	42.39	55.42

March 31, 2024 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 12.85
= 28.40

The number of days of payables for Prestige Brand Holdings Inc has exhibited fluctuations over the past five years. The trend indicates that the company has been managing its payables more efficiently in recent years.

As of March 31, 2024, Prestige Brand Holdings Inc took an average of 28.40 days to pay its suppliers, which represents a significant improvement compared to the previous years. In comparison, in March 2023, the company took 45.58 days to pay its payables, which suggests a prolonged payment period.

The decreasing trend in the number of days of payables indicates that Prestige Brand Holdings Inc has been more effective in managing its payment schedules and perhaps negotiating better terms with its suppliers. This improvement may have positive implications for the company's cash flow management and overall financial health.

Overall, the decreasing number of days of payables for Prestige Brand Holdings Inc reflects a positive trend in terms of the company's ability to manage its obligations to suppliers efficiently and optimize its working capital.