Prestige Brand Holdings Inc (PBH)

Activity ratios

Short-term

Turnover ratios

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
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
Receivables turnover 6.37 6.51 7.11 7.15 6.75 7.06 7.59 7.53 7.80 7.88 6.97 7.54 8.23 8.25 7.85 8.55 6.40 6.59 6.68 6.67
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
Working capital turnover 4.36 4.26 4.36 4.62 4.88 4.46 6.01 6.47 7.25 7.55 6.56 3.47 6.39 5.47 7.18 5.87 4.46 6.30 6.03 5.71

Prestige Brand Holdings Inc's inventory turnover has been relatively stable over the past five quarters, ranging between 3.00 and 4.22 times per year. This indicates that the company is efficiently managing its inventory levels, with higher turnover ratios generally viewed positively.

The receivables turnover ratio has shown some variability but generally remains consistent, fluctuating between 6.37 and 8.55 times per year. A higher receivables turnover ratio suggests that the company is effective in collecting outstanding receivables from customers in a timely manner.

On the other hand, the payables turnover ratio has displayed more inconsistency over the same period, ranging from 6.23 to 13.83 times per year. A higher payables turnover ratio signifies that the company is taking longer to pay its suppliers, which can sometimes indicate favorable credit terms.

The working capital turnover ratio, reflecting how efficiently the company is utilizing its working capital to generate sales, has shown some fluctuation over the quarters but generally remains relatively strong, ranging between 3.47 and 7.55 times per year. A higher working capital turnover ratio suggests that the company is effectively using its resources to drive revenue.

Overall, Prestige Brand Holdings Inc's activity ratios indicate efficient management of inventory and working capital, along with relatively strong performance in receivables turnover. However, the variability in payables turnover may warrant further investigation to ensure consistent and optimized relationships with suppliers.

Average number of days

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
Days of inventory on hand (DOH) days 101.08 106.83 115.85 121.53 117.78 118.47 106.25 103.24 94.23 86.43 91.76 93.84 105.99 106.11 102.34 104.44 103.09 109.04 114.06 116.63
Days of sales outstanding (DSO) days 57.34 56.09 51.32 51.02 54.06 51.71 48.10 48.50 46.79 46.34 52.34 48.39 44.37 44.25 46.48 42.70 57.05 55.36 54.64 54.69
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

Prestige Brand Holdings Inc's Days of Inventory on Hand (DOH) has shown a fluctuating trend over the past few quarters, ranging from 86.43 days to 121.53 days. The company appears to have slightly improved its inventory management efficiency in the most recent quarter compared to the previous periods.

Days of Sales Outstanding (DSO) have also been variable, with the number of days ranging from 42.70 days to 57.34 days. The DSO has increased in the last two quarters, indicating a longer period for the company to collect payments from its customers.

In terms of Number of Days of Payables, there has been notable variability, with the range spanning from 26.40 days to 58.62 days. The company has demonstrated a tendency to pay its suppliers within approximately a month, although there have been periods where payables stretched out further.

Overall, the trends in Prestige Brand Holdings Inc's activity ratios suggest that the company has been working on improving its inventory management and accounts receivable collection, whereas payment to suppliers has shown more variability. It is essential for the company to maintain a balance in managing its inventory, receivables, and payables effectively to ensure optimal cash flow and working capital management.

Long-term

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
Fixed asset turnover 14.71 16.12 15.94 16.15 16.02 15.94 15.84 15.55 15.24 15.15 14.59 14.08 13.47 13.94 14.73 16.46 17.20 17.90 18.15 18.56
Total asset turnover 0.34 0.34 0.34 0.34 0.34 0.30 0.30 0.30 0.30 0.29 0.28 0.28 0.28 0.28 0.28 0.28 0.27 0.28 0.27 0.28

The fixed asset turnover ratio for Prestige Brand Holdings Inc has remained relatively stable over the past years, fluctuating between 13.47 to 18.56. This indicates that the company generates a consistent level of sales relative to its investment in fixed assets like property, plant, and equipment. A higher fixed asset turnover ratio suggests that the company is efficient in utilizing its fixed assets to generate revenue.

On the other hand, the total asset turnover ratio has also remained steady around 0.28 to 0.34 during the same period. This ratio reflects the company's ability to generate sales revenue from its total assets, including both fixed and current assets. A higher total asset turnover ratio signifies that the company is efficiently utilizing its assets to generate sales.

Overall, the consistent levels of both fixed asset turnover and total asset turnover ratios indicate that Prestige Brand Holdings Inc is effectively managing its assets to generate revenue over the years. However, it is essential to monitor these ratios in conjunction with other financial metrics to gain a holistic view of the company's operational efficiency and financial performance.