Prestige Brand Holdings Inc (PBH)

Receivables 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
Revenue (ttm) US$ in thousands 1,137,762 1,117,998 1,110,422 1,113,190 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
Receivables US$ in thousands 194,293 167,274 163,547 171,695 176,775 174,288 158,456 157,950 167,016 157,081 145,992 145,451 139,330 134,263 146,553 130,346 114,671 116,004 122,207 112,324
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

March 31, 2025 calculation

Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,137,762K ÷ $194,293K
= 5.86

The receivables turnover for Prestige Brand Holdings Inc has shown some fluctuations over the period under consideration. The ratio indicates how efficiently the company is able to collect outstanding receivables from its customers. A higher receivables turnover is generally favorable as it suggests that the company is collecting its outstanding receivables more quickly.

From June 30, 2020, to March 31, 2025, the receivables turnover ratio ranged between 5.86 and 8.55, with the highest value recorded on June 30, 2020. The ratio decreased gradually over the subsequent quarters before experiencing fluctuations around the range of 6.37 to 7.88 from June 30, 2021, to June 30, 2024.

The downward trend observed in the latter half of the period could indicate potential issues with the company's credit policies, collection efforts, or the quality of the receivables. It may suggest that Prestige Brand Holdings Inc is taking longer to collect outstanding receivables, which could impact its cash flow and liquidity position.

Further investigation into the reasons behind the fluctuations in the receivables turnover ratio is necessary to determine the underlying factors influencing the company's ability to effectively manage its accounts receivable.