Prestige Brand Holdings Inc (PBH)

Operating profit margin

		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
Operating income (ttm)	US$ in thousands	342,429	-20,721	-20,369	-24,235	-22,415	336,007	331,417	325,591	329,919	323,431	314,280	308,625	297,402	300,382	303,343	299,788	291,155	63,789	64,926	66,502
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
Operating profit margin		30.43%	-1.83%	-1.81%	-2.14%	-1.99%	30.30%	29.92%	29.74%	30.36%	30.58%	30.75%	31.39%	31.53%	31.39%	31.61%	31.22%	30.23%	6.69%	6.82%	6.97%

March 31, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $342,429K ÷ $1,125,357K
= 30.43%

Prestige Brand Holdings Inc's operating profit margin has shown some fluctuation over the periods outlined. The operating profit margin was notably strong in the quarters ended March 31, 2024, December 31, 2022, and September 30, 2022, where it ranged from 29.92% to 30.43%. However, the operating profit margin turned negative in the quarters ended December 31, 2023, September 30, 2023, and June 30, 2023, indicating that the company's operating expenses exceeded its operating income during those periods.

It is worth noting that the operating profit margin generally appears to have been above 30% in the quarters leading up to December 31, 2022, suggesting efficient operations and strong profitability. However, the sharp decline in profitability in the subsequent quarters is a cause for concern and may require further investigation into the factors contributing to the negative margins observed.

Overall, fluctuations in Prestige Brand Holdings Inc's operating profit margin indicate potential volatility in its operating performance and efficiency in managing costs relative to its revenue generation. Further analysis of the company's financial and operational strategies may be necessary to fully understand the drivers behind these fluctuations.