Prestige Brand Holdings Inc (PBH)

Receivables turnover

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Revenue	US$ in thousands	1,125,360	1,127,720	1,086,810	943,365	963,010
Receivables	US$ in thousands	176,775	167,016	139,330	114,671	150,517
Receivables turnover		6.37	6.75	7.80	8.23	6.40

March 31, 2024 calculation

Receivables turnover = Revenue ÷ Receivables
= $1,125,360K ÷ $176,775K
= 6.37

The receivables turnover of Prestige Brand Holdings Inc has displayed fluctuations over the past five years. The ratio decreased from 8.23 in 2021 to 6.40 in 2020, before increasing to 7.80 in 2022. However, it then declined to 6.75 in 2023 and further dropped to 6.37 in 2024.

A high receivables turnover ratio indicates that the company is efficient in collecting outstanding receivables, while a lower ratio suggests a longer collection period. The decreasing trend in Prestige Brand Holdings Inc's receivables turnover ratio may raise concerns about the effectiveness of its credit and collection policies, as well as its liquidity position.

Further analysis of the company's accounts receivables management practices, customer credit policies, and industry benchmarks would be necessary to fully understand the implications of the fluctuating receivables turnover.