Prestige Brand Holdings Inc (PBH)

Receivables turnover

		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
Revenue (ttm)	US$ in thousands	1,125,357	1,134,235	1,127,018	1,129,975	1,127,725	1,108,792	1,107,738	1,094,690	1,086,812	1,057,637	1,021,955	983,152	943,365	956,839	959,603	960,250	963,010	952,801	952,663	953,951
Receivables	US$ in thousands	176,775	174,288	158,456	157,950	167,016	157,081	145,992	145,451	139,330	134,263	146,553	130,346	114,671	116,004	122,207	112,324	150,517	144,502	142,602	142,927
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

March 31, 2024 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,125,357K ÷ $176,775K
= 6.37

The receivables turnover for Prestige Brand Holdings Inc has been fluctuating over the past few quarters but generally has been within a relatively consistent range. The ratio indicates how efficiently the company is collecting on its accounts receivable, with a higher ratio typically being more favorable.

Looking at the trend, we can see that the receivables turnover has ranged from a low of 6.37 to a high of 8.55 over the past few quarters. The highest value of 8.55 was recorded in the first quarter of 2020, indicating that the company was particularly effective in collecting its accounts receivable during that period.

Overall, the receivables turnover ratio for Prestige Brand Holdings Inc has shown some volatility but has generally been stable, reflecting a consistent approach to managing accounts receivable collection. Further analysis would be required to determine the specific factors driving the changes in the ratio and to assess the effectiveness of the company's credit and collection policies.