Prestige Brand Holdings Inc (PBH)

Return on assets (ROA)

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Net income	US$ in thousands	209,339	-82,306	205,381	164,682	142,281
Total assets	US$ in thousands	3,318,420	3,353,730	3,670,680	3,429,270	3,513,900
ROA		6.31%	-2.45%	5.60%	4.80%	4.05%

March 31, 2024 calculation

ROA = Net income ÷ Total assets
= $209,339K ÷ $3,318,420K
= 6.31%

Prestige Brand Holdings Inc's return on assets (ROA) has exhibited fluctuations over the past five years. In fiscal year ending March 31, 2024, the ROA improved significantly to 6.31%, indicating that the company generated $0.0631 in profit for every dollar of assets held. This represents a positive trend compared to the negative ROA of -2.45% in the previous year.

The sharp turnaround in ROA suggests that the company has effectively utilized its assets to generate profits in the most recent fiscal year, potentially through efficient cost management or revenue growth. The ROA of 6.31% also outperformed the ROA figures of 5.60% in 2022, 4.80% in 2021, and 4.05% in 2020, indicating an overall improvement in asset utilization efficiency.

Overall, the increasing trend in ROA for Prestige Brand Holdings Inc indicates a positive performance in turning its assets into profits over the years, with the latest fiscal year showing a particularly strong performance.