Prestige Brand Holdings Inc (PBH)

Payables 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
Payables US$ in thousands 18,925 19,506 31,172 39,556 38,979 39,339 44,381 57,861 62,743 64,254 56,196 58,110 55,760 40,103 38,047 30,963 45,978 29,114 55,423 21,118
Payables turnover 26.59 26.31 16.32 12.86 13.00 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 19.33

March 31, 2025 calculation

Payables turnover = Cost of revenue (ttm) ÷ Payables
= $503,299K ÷ $18,925K
= 26.59

The payables turnover ratio for Prestige Brand Holdings Inc has fluctuated over the observed periods. The ratio, which measures how efficiently the company pays its suppliers, decreased from 19.33 in June 2020 to 7.34 in September 2020 before gradually recovering to 26.59 in March 2025.

A lower payables turnover ratio could indicate that the company is taking longer to pay its suppliers, which may suggest liquidity issues or strained relationships with vendors. Conversely, a higher ratio suggests that the company is managing its payables efficiently and potentially taking advantage of early payment discounts.

It is essential to monitor changes in the payables turnover ratio over time to assess the company's financial health, cash flow management, and supplier relationships effectively.