Prestige Brand Holdings Inc (PBH)

Total asset 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
Total assets	US$ in thousands	3,318,420	3,339,750	3,332,870	3,345,580	3,353,730	3,749,770	3,678,510	3,682,230	3,670,680	3,659,410	3,675,820	3,559,110	3,429,270	3,468,770	3,434,310	3,450,150	3,513,900	3,464,200	3,464,760	3,460,710
Total asset turnover		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	0.27	0.28	0.27	0.28

March 31, 2024 calculation

Total asset turnover = Revenue (ttm) ÷ Total assets
= $1,125,357K ÷ $3,318,420K
= 0.34

The total asset turnover ratio for Prestige Brand Holdings Inc has remained relatively stable around 0.30 to 0.34 over the past several quarters. This indicates that the company generates approximately $0.30 to $0.34 in sales for every dollar invested in total assets. The consistency in the total asset turnover ratio suggests that the company is efficiently utilizing its assets to generate revenue. However, the slight fluctuations in the ratio could indicate changes in the company's efficiency in utilizing its assets to generate sales over time. Overall, the stable total asset turnover ratio suggests that Prestige Brand Holdings Inc has been able to maintain a consistent level of asset efficiency in its operations.