Prestige Brand Holdings Inc (PBH)

Activity ratios

Short-term

Turnover ratios

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
Inventory turnover 3.41 3.39 3.26 3.35 3.65 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
Receivables turnover 5.86 6.68 6.79 6.48 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
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
Working capital turnover 3.33 4.07 4.06 4.37 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

Inventory Turnover: Prestige Brand Holdings Inc's inventory turnover ratio has been relatively stable over the last few years, ranging between 3.00 and 4.22. This indicates that the company is efficiently managing its inventory, with an average of approximately 3.50 times turnover per year.

Receivables Turnover: The receivables turnover ratio for Prestige Brand Holdings Inc has shown some fluctuations, declining from around 8.55 to 5.86 over the period. This may suggest a change in the company's credit policies or the efficiency of its collection procedures.

Payables Turnover: The payables turnover ratio has exhibited volatility, with significant fluctuations from 7.34 to 26.59. This could reflect changes in the company's payment terms with suppliers or its ability to manage its accounts payable effectively.

Working Capital Turnover: Prestige Brand Holdings Inc's working capital turnover ratio has generally decreased from 7.55 to 3.33, indicating a decline in the company's ability to generate sales relative to its working capital. This trend may signal inefficiencies in the utilization of working capital.

Overall, while the company has shown efficient inventory management, there are some fluctuations in receivables turnover and notable volatility in payables turnover. The decline in working capital turnover suggests potential challenges in generating sales in relation to working capital employed.

Average number of days

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
Days of inventory on hand (DOH) days 107.12 107.78 112.11 109.07 99.95 106.83 115.85 121.53 117.78 118.47 106.25 103.24 94.23 86.43 91.76 93.84 105.99 106.11 102.34 104.44
Days of sales outstanding (DSO) days 62.33 54.61 53.76 56.30 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
Number of days of payables days 13.72 13.88 22.37 28.38 28.08 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 18.88

Prestige Brand Holdings Inc's activity ratios indicate efficiency in managing its inventory, sales, and payables.

1. Days of Inventory on Hand (DOH): The trend in DOH shows fluctuation over time, ranging from 86.43 days to 121.53 days. In general, the lower the DOH, the more efficient the company is in selling its inventory. Prestige Brand Holdings Inc saw a decrease in DOH from 2022 to 2023, indicating improved inventory turnover efficiency. However, there was a slight increase in DOH from 2023 to 2024, which could be a sign of challenges in managing inventory levels.

2. Days of Sales Outstanding (DSO): The DSO metric shows the average number of days it takes for the company to collect revenue after a sale is made. Prestige Brand Holdings Inc experienced an increase in DSO from around 42-46 days in 2020 to 62.33 days in March 2025. A higher DSO could suggest delays in collecting payments from customers, potentially impacting cash flow and liquidity.

3. Number of Days of Payables: This ratio reflects the number of days the company takes to pay its suppliers. Prestige Brand Holdings Inc managed to reduce its payment period from 201t to 2024 significantly, from 49.74 days to 13.72 days. A shorter payable period could indicate strong bargaining power with suppliers or efficient cash management practices.

Overall, Prestige Brand Holdings Inc should continue to monitor and optimize its activity ratios to ensure efficient operations and maintain financial health in the long term.

Long-term

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
Fixed asset turnover — — — — — — 13.15 16.15 16.02 15.94 15.84 15.55 15.24 15.15 14.59 9.78 13.47 13.94 14.73 16.46
Total asset turnover 0.33 0.34 0.33 0.34 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

Long-term activity ratios for Prestige Brand Holdings Inc provide insight into the company's efficiency in managing its fixed assets and total assets to generate sales revenue.

1. Fixed Asset Turnover: This ratio indicates how efficiently the company is utilizing its fixed assets to generate sales. Over the period from June 2020 to March 2023, the fixed asset turnover ratio generally improved, peaking at 16.15 in June 2023. However, there was a significant drop to 13.15 by September 2023. After this decline, data for subsequent periods is unavailable. The overall trend suggests that the company was effectively generating sales relative to its investment in fixed assets, although some fluctuations were observed.

2. Total Asset Turnover: This ratio measures the company's ability to generate sales from all its assets. The total asset turnover ratio remained relatively stable around 0.28 from June 2020 to June 2022, indicating consistent revenue generation relative to total assets. From March 2022 onwards, there was a notable increase in the ratio, reaching 0.34 by March 2024 before declining slightly to 0.33 in March 2025. This upward trend suggests improved efficiency in utilizing total assets to generate sales revenue over the analyzed period.

Overall, the trend in both fixed asset turnover and total asset turnover ratios shows that Prestige Brand Holdings Inc has been effectively managing its assets to drive sales growth and maximize operational efficiency. Fluctuations in the ratios may be indicative of changing business conditions or strategic shifts within the company.