Prestige Brand Holdings Inc (PBH)

Number of days of payables

		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
Payables turnover		12.85	12.91	11.45	8.82	8.01	7.60	8.59	8.14	8.36	11.19	11.28	13.26	8.61	13.83	7.34	12.62	6.59	8.06	6.23	6.52
Number of days of payables	days	28.40	28.27	31.88	41.40	45.58	48.02	42.49	44.85	43.66	32.62	32.35	27.53	42.39	26.40	49.74	28.93	55.42	45.29	58.62	55.98

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 been fluctuating over the past few quarters. On average, Prestige Brand Holdings Inc takes around 40 days to pay its suppliers, with the number of days ranging from as low as 26 days to as high as 58 days. In the most recent quarter, as of March 31, 2024, the number of days of payables was 28.40 days, indicating that the company is taking around a month to pay its suppliers. This suggests that Prestige Brand Holdings Inc is managing its payables efficiently and maintaining a healthy relationship with its suppliers by settling its debts in a timely manner.