Prestige Brand Holdings Inc (PBH)
Total asset 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 |
| Total assets | US$ in thousands | 3,318,420 | 3,353,730 | 3,670,680 | 3,429,270 | 3,513,900 |
| Total asset turnover | 0.34 | 0.34 | 0.30 | 0.28 | 0.27 |
March 31, 2024 calculation
Total asset turnover = Revenue ÷ Total assets
= $1,125,360K ÷ $3,318,420K
= 0.34
Total asset turnover measures how efficiently a company generates revenue from its assets. For Prestige Brand Holdings Inc, the total asset turnover has been relatively stable over the past five years, ranging from 0.27 to 0.34. This indicates that the company has been able to effectively utilize its assets to generate sales.
The increase in total asset turnover from 0.27 in 2020 to 0.34 in 2024 suggests an improvement in efficiency in converting assets into revenue. This could be attributed to better operational management or strategic initiatives that optimize asset utilization.
Overall, Prestige Brand Holdings Inc's consistent total asset turnover over the years indicates a good balance between asset investment and revenue generation, reflecting the company's ability to efficiently utilize its assets to drive sales.
Peer comparison
Mar 31, 2024