Prestige Brand Holdings Inc (PBH)
Operating return on assets (Operating ROA)
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 342,429 | -22,415 | 329,919 | 297,402 | 291,155 |
| Total assets | US$ in thousands | 3,318,420 | 3,353,730 | 3,670,680 | 3,429,270 | 3,513,900 |
| Operating ROA | 10.32% | -0.67% | 8.99% | 8.67% | 8.29% |
March 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $342,429K ÷ $3,318,420K
= 10.32%
Prestige Brand Holdings Inc's operating return on assets (operating ROA) has exhibited fluctuations over the past five years. In the most recent fiscal year ending March 31, 2024, the operating ROA improved significantly to 10.32%, indicating that the company generated 10.32 cents of operating income for every dollar of assets employed in its operations. This marks a substantial improvement from the previous year when the operating ROA was negative at -0.67%, suggesting operational inefficiencies or potentially impaired asset utilization.
Looking further back, in the fiscal year ending March 31, 2022, Prestige Brand Holdings Inc achieved an operating ROA of 8.99%, which was slightly higher than the operating ROA of 8.67% in the fiscal year ending March 31, 2021. This suggests that the company was able to maintain a relatively stable level of operating performance during this period.
Compared to the fiscal year ending March 31, 2020, where the operating ROA was 8.29%, there has been a modest improvement in operating efficiency in the most recent year. However, it is essential to note that fluctuations in operating ROA can be influenced by various factors, including changes in operating income and the composition of assets employed.
Overall, Prestige Brand Holdings Inc's operating ROA has shown variability in recent years, with a notable improvement in the most recent fiscal year. Investors and stakeholders may want to further investigate the underlying reasons for these fluctuations to assess the company's operational effectiveness and asset utilization strategies.
Peer comparison
Mar 31, 2024