Prestige Brand Holdings Inc (PBH)

Working capital 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
Total current assets	US$ in thousands	448,328	377,164	380,708	368,741	375,043	393,786	388,198	391,758	391,743	408,847	336,653	324,615	293,267	275,266	304,810	408,524	269,835	301,211	269,853	295,564
Total current liabilities	US$ in thousands	106,623	102,545	106,906	114,115	117,048	127,437	129,704	147,271	160,715	160,176	152,308	155,349	143,422	135,127	148,940	125,046	122,138	126,163	136,120	131,929
Working capital turnover		3.33	4.07	4.06	4.37	4.36	4.26	4.36	4.62	4.88	4.46	6.01	6.47	7.25	7.55	6.56	3.47	6.39	5.47	7.18	5.87

March 31, 2025 calculation

Working capital turnover = Revenue (ttm) ÷ (Total current assets – Total current liabilities)
= $1,137,762K ÷ ($448,328K – $106,623K)
= 3.33

The working capital turnover for Prestige Brand Holdings Inc fluctuated over the period from June 30, 2020, to March 31, 2025. The trend indicates how efficiently the company is utilizing its working capital to support its operations and generate sales revenue.

Initially, the working capital turnover increased from 5.87 on June 30, 2020, to 7.18 on September 30, 2020, showing an improvement in efficiency. Subsequently, there were fluctuations in the turnover ratio, with peaks and troughs observed at different points.

It reached its highest level of 7.55 on December 31, 2021, reflecting strong efficiency in utilizing working capital. However, the ratio decreased to 3.47 on June 30, 2021, before gradually increasing again.

Despite some fluctuations, the working capital turnover remained above 4 on most reporting dates, which indicates that Prestige Brand Holdings Inc is generally efficient in utilizing its working capital to generate sales. The ratio dipped to its lowest point of 3.33 on March 31, 2025, signaling a potential decrease in efficiency during that period.

Overall, the analysis suggests that the company has had varying degrees of success in efficiently managing its working capital to support its revenue-generating activities over the reporting period.